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, 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).

This Week in the Grain Markets: Counting the Numbers

Grain prices this week flopped around a bit as the market dealt with some currency moves. Relatively decent harvest weather has greeted western Canada and, though dryness concerns are still hitting other parts of the world, it’s time to turn the bushel number counter on for corn and beans across the U.S. and eastern Canada. The Black… Read more »

Chasing Headlines — This Week in the Markets

Grains this week were mixed as the market was chasing weather, export trade data, and harvest headlines. We ended the trading quarter this week, and oats was the biggest loser, dropping 15% over the course of it, followed by Chicago wheat (-12.8%), soybeans (-12.1%), canola (-10.6%), and corn (-10.5%). From a currency perspective, the Canadian… Read more »

Which Way is the Tide Moving? — This Week in the Markets

Grains finished the last full week of trading in September in the green thanks to some unfavourable weather conditions in Europe and Asia, and better-expected-export numbers for U.S. sales. While crop progress reports in North America continue to show that things are ahead of schedule & crop quality is relatively decent, some good buying strength… Read more »

Flip-Flopping Trade, Fed Decision and a Focus on Risk Still On the Table — This Week in the Markets

Grains this week were relatively mixed as a combination of various weather forecasts and new production reports had the trade flip-flopping all over the place. Corn and soybeans were lower with good growing conditions and South American planting starting up. The strength of the U.S. dollar has been waning a bit as expectations were confirmed… Read more »

USDA Predicts Big Yields, French Wheat Demand Grows and Quality Continues to Impress — This Week in the Grain Markets

On Friday, September 11, 2015 (a historic date in its own right), the USDA released its latest world agricultural supply and demand estimates. Most expectations going into the report were that the world crop soothsayers would keep things relatively mute on a global level, and downgrade U.S. production. Alas, the boys and girls in Washington, D.C. had… Read more »

Waning and Whining — This Week in the Grain Markets

Grain prices this week did not fare so well as the complex dealt with outside pressure from other commodity and equity markets, harvests, and good growing conditions. Most front-month contracts on the futures board dropped 2-5%. The decline started Monday with economic data out China showing its factory activity contracted at the fastest pace in three… Read more »

Black Monday, Egyptian Demand & IGC Expectations — This Week in the Grain Markets

Grains were recently taken for a ride along with the rest of the world markets, mainly thanks to tanking equity markets in Asia. They’re calling August 24, 2015 Black Monday as markets in China crashed, and when North American markets opened up, they quickly followed. The main argument for the flash decline is lack of confidence… Read more »

Price Slumps and Contradiction at the Pumps — This Week in the Grain Markets

The grains complex continues to deal with decent growing conditions, better than expected yields, and a tougher global markets environment. This week we saw the market volatility index spike to levels not seen since last year when Russia was invading Ukraine (translation: market participants are pulling dollars out and parking it in cash positions as… Read more »

WASDE Confusion, Corn Stockpiles and Fall-Back Questions — This Week in the Grain Markets

Grain markets this week took a hard tumble as, on Wednesday, the USDA performed a dramatic leg sweep of the market with their August WASDE report. It completely blew most expectations out of the water as to where supply for the 2015/16 year sat. Instead of U.S. corn and soybean yields dropping to 164.5 and… Read more »

Grain Markets Hit a Mid-Summer Slump— What’s Your Plan for Harvest Sales?

Grains this week were a bit boring as rain landing in most growing areas across North America and even Australia prompted a few estimate increases despite the lingering threat of an El Niño. Friday did bring some action as a lower U.S. dollar and some strong U.S. export sales helped pull the complex higher for… Read more »

Rough Waters — A Choppy Ride for the End-of-Crop-Year Grain Markets

Grain trade this week was quite choppy as the usual suspects of weather, currency swings, and #harvest15 firing up being exacerbated by the closing of the month of July (meaning funds and other speculators may have looked to clean up their books a bit). Monday might’ve been the worst as front-month contracts for soybeans and… Read more »

This Week in the Grain Markets — Whose Numbers Need a Reality Check?

The grain markets continued to push lower this week as favourable weather and temperatures and a strong U.S. dollar did not help any bullish players. Wheat has had nine straight sessions of going lower, dropping over 7.5 per cent in last week, while corn had its worst week in the past year, down almost seven… Read more »

The Slowing of the Grain Bulls — This Week in the Markets

Grain markets this week were about 2-3% lower on the front-month contracts as weather/growing conditions have improved, slowing down the running of the grain bulls (especially since there aren’t any demand headlines for them to chase after). And it’s no wonder the bulls need a breather. Between abundant rains in the Midwest, dry weather in… Read more »

An Up Week in the Markets Driven By Weather Woes; WASDE Holds Some Wheat Surprises

Grain prices were all higher this week and ended with a WASDE report on Friday that the market read as bullish, even though the numbers didn’t fully imply that. Does the market just not believe the numbers, or perhaps it feels more cuts are on the way? Either way, weather is creating fairly volatile trading… Read more »

Directional Volatility — This Week in the Markets

June 30 was a big day in 1867: the eve before the birth of this great nation. This year, nearly 150 years later, it marked the end of the trading month, the end of the trading quarter, the final day for Greece to accept new financial austerity measures or make a €1.6 Billion loan payment (they did… Read more »