Market Insider

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Brennan Turner

Brennan Turner is originally from Foam Lake, SK, where his family started farming the land in the 1920s. After completing his degree in economics from Yale University and then playing some pro hockey, Mr. Turner spent some time working in finance before starting FarmLead.com, a risk-free, transparent online and mobile grain marketplace (app available) that has moved almost 150,000 MT in the last 2.5 years. His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. Visit the FarmLead website (www.farmlead.com) for more information and to sign up for Brennan's newsletter.

Archives


Year

Continuous Wheat Price Pressures

Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields – and a stronger Canadian Dollar put pressure on cash prices. This past week the USDA came out with their monthly world agricultural supply and demand estimates. Most of the market was expecting yield and production downgrades in…

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Who Owns All The Grain?

This week, Statistics Canada came out with their estimates of available grain still left in Canada for the 2016/17 crop year. At first glance, canola numbers were low, durum numbers were high, and there’s a lot of barley still available.

On wheat, the market was expecting 6 million tonnes of all types, but StatsCan served…

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Finally, A Bullish Report

Statistics Canada came out with their first production estimates of the 2017 Canadian crop on Thursday, August 31st. For once, they weren’t bearish! 13,300 Canadian farmers were surveyed between July 19th and August 1st on their acres, yield and total production. However, while the numbers below are considered bullish, there has…

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Surprising Wheat Woes

On Thursday, August 10th, the USDA released their August grain report for world agricultural supply and demand estimates. To everyone’s disappointment, the USDA came out very bearish. U.S. corn yields were only lowered by 1.2 bushels to 169.5 per acre. Average American soybean yields were actually increased by 1.4 bushels to 49.4…

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Where’s The Wheat?

Wheat markets continue to light the lamp for farmers on most elevator bid sheets. The focus continues to be on the weather but bulls might be heading to the sideline for the time-being as U.S. heat fears are subsiding. The December Minneapolis hard red spring wheat contract has now lost $1.10 USD/ bushel since its high on July 5th of $8.43.…

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What’s Up With American Wheat?

FarmLead’s new editor, Garrett Baldwin, joins Brennan Turner this week in the AWC Market Insider column. You can find Garrett’s bio at the end of the column.

With weather a significant factor in the state of the American wheat crop, the report notes that triple-digit temperatures and dry heat have stretched…

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Grain Markets Halftime

As we turn the calendar into July, we’re taking a look back at the markets over the last six months. We’ll also offer our expectations for the balance of 2017.

In our 2017 Grain Markets Forecast (posted in January), we made several timestamped projections. You can review…

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