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 Markets — Pivotal Weather Events, Finding Premiums & Production Risk

Crop quality was the big question on the mind of the market for this first week of June, as the entire grains and oilseed complex moved higher. Despite seeing the largest one-day drop for the U.S. dollar earlier in the week since 2013 (it rebounded on Friday), weather issues were completely at the steering wheel… Read more »

This Ain’t 2012 — Weather, Government Targets Push Markets This Week

Grains saw a choppy end to the trading month of May as government reports seemed to sway the market the most. Corn and wheat prices on the futures board saw their values fall as USDA crop progress reports reminded everyone that a lot of corn is already in the ground and that wheat crops in… Read more »

Warm Weather Predictions, ‘Green’ Canola and Mother Russia Opens the Gates for Wheat — This Week in the Grain Markets

Grain markets pulled back from their hot start to the week with only canola finishing in the green, its July contract climbing to close the week at $463.20/metric tonne, thanks to a stronger U.S. dollar. Wheat and corn prices did have a hot start to the week because of concerns of sub-zero temperatures and a depreciating… Read more »

Progress, Predictions and Deciding When to Sell — This Week in the Grain Markets

What a week! Seeding continues in Canada and the United States well ahead of schedule, creating bearish implications. That being said, freezing temperatures are in the forecast for a few areas and so the percentage complete could be lower than what officials are predicting. The lower U.S. dollar has also provided support to all commodity… Read more »

Good Weather Reins in the Bulls — The Markets This Week

The grains complex ended the week on the up and up thanks to weather concerns, strong international purchasing, and the Kansas crop tour showing fields that came in below expectations. The oilseed complex was boosted by soybean oil and meal technicals, labour issues in South America, and Chinese buying. On the wheat side, Egypt bought… Read more »

This Week in the Markets — New Wheat Lows, a Rebounding Canadian Dollar, and the Value of Rain

Grains this we week were mostly pressured by a lower U.S. dollar, as the Canadian Loonie rebounded to a whopping 83 cents, and seeding conditions across most of North America remaining pretty good. U.S. export sales showcased more international buyers canceling old crop wheat contracts and switching things over to buying new crop. Despite that,… Read more »

Selling the Rumour — This Week in the Ag Markets

Grains all ended the week lower as planting continues south of the 49th parallel with some activity here in Western Canada but things have been slowed by some sporadic, cooler weather. The USDA’s progress report is showing us that corn sowing is slightly behind schedule with the southeast and eastern regions way behind. As a result,… Read more »

Game Speed, Crop Reports and the CWB — This Week in the GrainMarkets

Just like NHL players have to step their game up for the playoffs, it’s a “pitter, patter, let’s get at ‘er” kind of feeling in the agricultural industry. We’ re hitting that time of the year where field activity is picking up steam. The most recent USDA crop progress report shows that seeding in the U.S…. Read more »

Weather Forecasts, Crop Ratings and WASDE — This Week in the Grain Markets

Five, ten and fifteen day weather forecasts are all the rage these days as mathematical models built by market players (hedge funds and commercials) start to calculate the effects of rain, soil temperatures, and any other data point that you can think of. Some cooler, wetter weather is being forecasted for the American Midwest this week,… Read more »

Game On! Volatility the Name of the Game in this Week’s Grain Markets

What a week! A big USDA report; end of the month; end of the quarter; shortened trading week because of the Easter holiday long weekend…if you wanted to see how markets can trade high and low, and all in the same day, this was the week. Corn and oats got the worst of it, both… Read more »

Fireworks Likely as Market Awaits U.S. Acreage and Stocks Estimates

Grain markets continue to trade a little erratically with analysts mostly focused on acreage estimates and weather forecasts for the northern hemisphere. The wheat complex started the week out strong but lost said strength over the following days as bearish weather and crop condition reports pushed things lower. Also of note though was the U.S…. Read more »

Another Kind of March Madness — This Week in the Markets

More chatter about new crop acres continues to help the grain market trade sideways as we move towards the second half of March. Domestic corn-for-ethanol and soybean crush demand remains fairly strong, as does canola crush here in Canada which is up 20 per cent year-over-year last week, but the strength of the U.S. dollar… Read more »

Price Floors and Early Planting — This Week in the Grain Markets

The USDA came and went this week with another WASDE report that was basically a “nothing-to-see-here” release, as the big story to watch is the Grain Stocks and Prospective Plantings report due at the end of March. However, you could look at in the sense that this report gives us a relatively flexible floor as… Read more »

Wheat Takes a Tumble, Early Production Estimates & More This Week in the Markets

While most analysts agree that from a technical standpoint, corn and wheat appear to have more upside potential than soybeans, wheat was the grain this week that tumbled like a baby giraffe out of the womb, dropping its most since September. Overall, growing conditions are generally favourable in the northern hemisphere as, now that we’re… Read more »

The Markets This Week — Market Share Swings

Grain prices ended the month of February a little mixed as corn, soybean, and canola prices all got support in the last half of the month through harvest and logistical concerns out of South American. Lower oil prices have helped keep gains in check for those crops related to the biofuels industry, although strong domestic… Read more »