Author: 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, he spent some time working in finance before starting FarmLead.com, a risk-free, transparent online and mobile grain marketplace (app available for iOS & Android). His weekly column is a summary of his free, daily market note, the FarmLead Breakfast Brief. He can be reached via email ([email protected]) or phone (1-855-332-7653).

Echoes in the Distance — This week in the grain market

Grain markets sold off this past week as the USDA came out with a surprisingly bearish report of world agricultural supply and demand estimates. Instead of the roughly 166 bushel per acre US corn yield that market was expecting, the USDA came out with 169.5. That’s just a 1.2 bushel drop from the previous estimate… Read more »

Knowing your numbers — This Week in the Grain Markets

Grain markets this week saw a significant sell-off as better growing conditions are helping improve crop prospects. Soybeans had a terrible week, down 5.35%. Chicago wheat wasn’t that far behind, down 5.3%. Oats fell 2.5%. Corn and canola were both down 1.9%. This despite the Canadian Dollar also falling 1.8% from its high last week…. Read more »

Wrapping up July — This Week in the Grain Market

Grain prices this week pulled back on some benign weather and profit-taking by funds. ere able to gain a bit on not enough rains falling on key areas in North America. Chicago wheat was the biggest loser, down more than 3.5% for the week. Oats fell 2.3% while corn dropped 1.2% since last Friday. Soybeans… Read more »

Weathering the weather — This Week in the Grain Market

We’re heading into the apex of summer weather (and the volatility that can come with it). It’s corn pollination and soybean pod-setting season, while combines are starting to run on the earliest seeded pulses and cereals in the U.S. and even parts of Canada. More than anything, the market is mostly trading rain clouds and… Read more »

Cooling off? — This Week in the Grain Market

Grain prices over the first two weeks of July are still swinging a bit wildly as the market is trying to price in the recent heat. Scorching temperatures hit most of North America before the USDA came out with their July WASDE report on July 12th, 2017. The report was met with some bearish skepticism,… Read more »

Halftime analysis in the grain markets

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 them here at your convenience. The U.S. Federal… Read more »

Wait and watch the rockets — This Week in the Grain Market

Grain markets were mostly quiet this week. Well, that’s not entirely accurate. Wheat was on fire. Everything else traded pretty much sideways. For the week, Minneapolis wheat gained over 15%, or more than $1 USD/bushel. More impressive was the 34% gain for the month of June, or the 40% improvement since April 1st (the start… Read more »

Heavy holdings — This Week in the Grain Market

Grain markets started losing some of their lustre this week as favourable weather didn’t turn out to be so helpful for the bulls. Going into the last week of the quarter and the month, we’re about to get some major reports that the market is preparing for. On Thursday, June 29th, we’ll get Statistics Canada… Read more »

Where’s your confidence? — This Week in the Grain Market

Grain markets hit the mid-way point of June with more bullish weather driving prices into the green. Canola and soy oil were able to make up some losses from earlier in the week on the news that the U.S. EPA will release new biofuel requirements soon, helping the quota for advanced biofuels (corn-based biofuel needs… Read more »

Follow the leader — This Week in the Grain Market

Grain markets saw a nice pop this week as 2017/18 crop production concerns helped create some bullish buzz. Corn and spring wheat were the biggest winners of the week, both gaining 4.1% since last Friday, followed by Chicago wheat, up 3.85%. Canola wasn’t far behind, gaining more than 3% for the week, along with oats,… Read more »

Bulls or bears in the field? — This Week in the Grain Market

Grain markets headed into the American Memorial Day long weekend with a bearish tinge as a result of some better weather. The Canadian Loonie gained 0.45% for the week on the Bank of Canada keeping interest rates unchanged at 0.5%, which pushed canola prices down 1.1% since last Friday. Oats were the winner of the… Read more »

Limiting pain — This Week in the Grain Markets

Grain markets pushed through the middle of May with a little more volatility under its belt as weather conditions and geopolitical risk in Washington, D.C. and Brazil have created some additional uncertainty. The Canadian loonie gained 1.45% for the week, which should’ve pushed canola lower, but it traded sideways as delayed seeding conditions countered the… Read more »

Today’s questions, tomorrow’s gains — This Week in the Grain Markets

Grain markets pushed through the second week of May with a little more volatility, but not from weather effects, rather, new data. However, the markets ended the week mostly lower as corn was the only winner, up 0.15% since last Friday thanks to ethanol gaining 1% & the usual planting premium. Conversely, soybeans lost 1%… Read more »

Wheat-ing out the noise — This Week in the Grain Markets

Grain markets saw a wild ride to start the month of May as the week started out with big concerns about weather before cooler heads prevailed and bullish gains made earlier in the week were reined in. Oats were the big winner, up 8% since last Friday on the futures board on planting delays. Canola… Read more »

Where Art Thou Plant 2017? — This Week in the Grain Markets

Grain markets ended the month of April on generally jovial terms as weather concerns (AKA premiums) are playing to the minds of the bullish speculators. For the week, oats was the biggest performer, up 5.3%, followed by Chicago’s soft red wheat market, gaining 2.55%. Corn gained 0.5% on planting concerns while soybeans fell 0.55% on the… Read more »