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).

Batter up — This week in the grain markets

Grain markets this week generally trended lower as rains in the Southern Hemisphere and harvest progress in North America hung over prices. Bulls continue to take a bat at headlines but rallies continue to face resistance from the size of global grain supplies. Oats and canola were the only winners for the week, with the… Read more »

Good luck for grains — This week in the grain market

Usually Friday the 13th is an unlucky day. For grain prices though, Friday, October the 13th was a good omen. On Friday alone, Chicago soft red winter wheat gained 2.15%, oats gained 1.9%, and corn was up 1.05%. Oats was the big winner of the week, though, up 6.25%. This was followed by soybeans which… Read more »

What change? — This Week in the Grain Markets

Grain markets this week traded sideways again, with weather and some decent trade data outweighing harvest pressures. Corn prices lost 1.55% since last Friday whereas soybeans gained 0.5%. Winter wheat markets were lower as Chicago soft red winter wheat lost 1.05% and Kansas City hard red winter wheat lost 1.3%. The Canadian Dollar lost 0.5%… Read more »

What happened to grain markets this quarter?

This week’s grain markets were largely influenced by that was happening in currency markets and government reports. The Canadian Dollar lost about 1.1% this week but has basically ended where it began September, up just 0.15%. On Wednesday, the Loonie saw it’s largest single day loss in eight months after the Bank of Canada’s governor… Read more »

Trying to find some confidence — This week in the grain market

The agricultural industry this week was impacted by some geopolitical tension. North Korea and U.S. President Trump continue to trade warring words, while in Canada, a battle has started between small businesses and farmers and the Liberal federal government over proposed tax reform. For grain markets, losses were made up for from last week’s bullish… Read more »

Checking in on balance sheets — This week in the grain market

Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields. A stronger Canadian Loonie put pressure on cash prices on the northern side whereas the weaker U.S. dollar has helped offset harvest pressures a bit. For the week, corn lost 0.55% while soybeans gained 0.7%. Canola was just 0.2% lower while oats… Read more »

Who owns all the grain? — This week in the grain market

Grain markets this week were influenced mainly by factors of weather, currency, and harvest pressure. Canola lost 1.4% since last Friday, mainly because of the Canadian Loonie appreciating 1.9% over the same time frame. Oats lost 1.8% while corn and soybeans gained 0.35% and 1.25% respectively. Finally, Minneapolis hard red spring wheat edged up 2.35%,… Read more »

Finally a bullish report, or was it?

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 certainly been some healthy… Read more »

Limiting harm — This Week in the Grain Market

Grain prices all headed lower this week as beneficial rains and slower bullish headlines pushed more profit-taking action in the markets. Canola traded sideways for the week but did drop down to $492 CAD / MT before closing at nearly $507 on the November contract. Soybeans acted similarly, only losing 0.1% whereas its acreage competitor,… Read more »

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 »