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).

Wheat prices jump into August — This week in the grain markets

This week, winter wheat prices touched a three-year high, but it didn’t last. Chicago SRW wheat prices for September 2018 gained 5 per cent or about 26 cents US/bushel to close at $5.56. While the December 2018 contract was up 5.4 percent — or nearly 30 cents — to finish a tad under $5.80. In… Read more »

Getting away from artificial prices – This week in the grain markets

Grain markets this week finished higher for the second straight week as the complex seemed to wake up from the nightmare it’s been in the last few months. Corn prices had a fairly good week in Chicago. Front-month and next-month contracts added a few percentage gains as markets kept a close eye on European weather… Read more »

Christmas in July — This week in the grain market

Grain prices this week had a positive week for the first time in nearly 2 months. Almost feels like Christmas! Usually weather premiums are added to the market in late May through to June. However, this year, that seasonal pattern was idled thanks to an excellent start to the 2018 growing season in North America… Read more »

What will catch the falling knife?

Grain markets lost a fair amount in the second week of July and heightened geopolitical risk (read: trade war) and some decent-looking crops have negatively impacted grain prices. The latter factor was surmised by this week’s July 2018 WASDE report, which provided a reset of the goalposts when it comes to global agricultural supplies and… Read more »

Acreage, stock reports spark a rally — this week in the grain markets

Grain prices were able to find some buyers on Friday, June 29th, to end the trading month and wrap the quarter. Except for canola and soybeans, the grain markets ended up in the green, led by the wheat complex. While today’s StatsCan and USDA reports were certainly important, they weren’t the only things moving grain… Read more »

Protectionist policies slap grain markets around

Grain markets had a very rough week heading into the middle of June, surrounded by trade uncertainty and positive crop conditions. In fact, forget about crop conditions. Or rainfall. Or heat units. Whether or not the borders are open for business has become the only fundamental factor that really seems to matter to the direction… Read more »

Weather and geopolitical risk —This week in the grain markets

Except for wheat, grain markets this week trended mostly lower. The oilseed complex saw a significant sell-off as the start to the U.S. growing season has been good. Further, there haven’t been any noticeable discussion between the U.S. and China regarding trade. The market is interpreting this as bearish for soybeans. Next week Tuesday, June… Read more »

Trade war rhetoric — This week in the grain markets

After just a one-week break, grain markets were again plagued by geopolitical risk with the phrase “trade war” hitting the headlines everywhere. Pressuring Canadian grain prices was the Canadian Dollar hitting a two-month low, closing below US$0.77. But the majority of both the grain and broader markets impacts was, once again, U.S. President Donald Trump… Read more »

Soybean shuffles and canola climbs — This week in the grain markets

Grain markets were mostly higher this week in a risk-off sort of mood thanks to a relaxed tone of the trade war narrative we’ve been hearing, as well as a some weather premium creeping into the complex. Nearly two months ago, you could say soybeans (and soybean prices) were on the verge of Armaggedon as… Read more »

This week, grain markets say “meh” to plant ’18

So, how about that late start to the #plant18 campaign? Recent crop reports suggest it doesn’t really exist. In the U.S., planting caught up to the long-term averages in corn and soybeans, but American spring and durum wheat seeding campaigns are certainly running behind schedule, which has helped prices a bit. According to the latest… Read more »

Brushing off the WASDE report — This week in the grain markets

Grain markets ended mostly in the red this week as the market dealt with some full-tilt planting progress and a few reports. There were some bullish ideas in Thursday’s May World Agricultural Supply and Demand Estimates (WASDE) report from the USDA, but it didn’t seem like the market believed it! (much like other grain reports,… Read more »

Slow seeding jumpstarts prices — This week in the grain markets

Grain prices this week were mostly in the green as the market continues to weigh geopolitical risk versus weather risk (and thus, planting risk). And though planting is certainly behind in many areas of the major North American growing regions, it’s still early (relatively speaking). U.S seeding is well below behind the usual averages, and… Read more »

Competitive for acres, exports — This week in the grain markets

Grain prices this week ended mixed as speculative players took profits off the table amidst growing weather and geopolitical risk. Delays in U.S. corn plantings and concerns about Chinese trade dominated the headlines. It’s still early, but just 3% of the U.S. corn crop was planted as of Sunday. Conditions this week weren’t great in… Read more »

Place your bets — This week in the grain markets

Grain markets were volatile this week with prices flip-flopping on what was more concerning — geopolitical risk or weather. Much less concerning were most of the largely market-anticipated USDA numbers. Some notable data-points from this week’s WASDE (World Agricultural Supply and Demands Estimates): Russia’s wheat exports raised by 1 MMT  to 38.5 million (a record);… Read more »

Playing chicken with a trade war — This week in the grain markets

Grain markets this week were extremely volatile as they digested all of the information thrown at them, particularly that out of Washington and Beijing. China proposed a 25% import tax on soybeans, which took the market by a huge surprise (and left many scratching their heads at how China plans to meet their feedstuff demand)…. Read more »