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).

Setting the Stage for 2017 Grain Market Moves

After starting 2017 in the red, the grains market rallied quite well this week, however, corn and oilseeds are still below their highs seen in October and November. A couple of headlines that gained traction over the holidays were the South American weather (especially in Argentina), Egyptian wheat tenders, Black Sea winterkill risks, and continued… Read more »

Grains Markets 2016: Bullish Headlines & Bearish Facts

Grain markets headed lower this week as the market dealt with lower volume and profit-taking ahead of the winter holidays. Since last Friday, the Canadian Loonie lost 1.4% to head into the Christmas weekend below 74 cents USD as Trump economic policies that are trickling out continue to support the U.S. economy more than they… Read more »

Holiday Traditions — This Week in the Grain Markets

Grains markets cruised through the middle of December slightly lower to unchanged as export and domestic demand numbers tried to offset some changing monetary policy from the U.S. Federal Reserve. The U.S. Dollar climbed 1.3% for the week, making U.S.-based grains more expensive relative other origins. Oats was the only thing that made the green… Read more »

Taking A Few Hits — This Week in the Grain Markets

Grain markets see-sawed this week on multiple crop production reports, the likelihood of La Nina being played down, and speculators moving in and out of positions like a 3-year old at church. Oats was the winner again for the week, up 5.35%, followed by corn at 3.3%. Wheat and soybeans also fared well, up 2.15%… Read more »

Profit Taking & Waiting on Reports — This Week in the Grain Markets

Grains pulled back from last week’s highs as profits got locked in to end November and the trade got really choppy. The news that OPEC would cut production by 1.2 million barrels for six months couldn’t help oilseeds recover from its highs made last week, but canola did track soy oil, as each were up 0.35%… Read more »

This Week in the Grain Markets — Languishing Ideas

Grain markets got an American Thanksgiving boost as an unexpected update from the U.S. Environmental Protection Agency (EPA) surprised the oilseed complex, with soyoil leading, up 7.4% for the week. Soybeans weren’t far behind as they continue their run, up 5.1%, while canola held on a bit to climb 2.6%. Corn was supported by the EPA… Read more »

Feeling Great Again? — This Week in the Grain Markets

One week after Donald Trump was voted in as the next President of the United States of America, the U.S. Dollar hit a 14-year high and surprisingly, commodities didn’t tank. After a volatile election and W.A.S.D.E. week, all grains ended up for the week, led by oats which gained 2.8% since last Friday. Corn was… Read more »

Dropping Surprises — This Week in the Grain Markets

Grains this week took a rollercoaster ride as volatility was the name of the game, between the U.S. election, the U.S.D.A.’s November W.A.S.D.E. report, and some better Harvest 2016 weather. Trading ranges maxed out this week as things see-sawed from Tuesday night through Friday morning. Soybeans ended up down 0.3% from last Friday, oats lost… Read more »

Rolling The Dice — This Week in the Grain Markets

Grain prices entered November still above where they’ve been the past couple of months but pulled back from their October highs due to some weather premiums getting erased, farmer sales, and profit-taking on the futures board. Ultimately, with harvest starting back up in many places, bullish attitudes have softened and those who have been rolling… Read more »

Scare Tactics — This Week in the Grain Markets

Grain markets continued their march higher towards the end of October, with nothing spooking the funds from continuing to push the complex up. For the week, soybeans and corn each pushed above their 100-day moving averages but ended up only gaining 2% and 0.75% respectively for the week. Wheat was the loser for the week,… Read more »

Wild Rides — This Week in the Grain Markets

Grains this week got a solid lift on weather concerns, strong indications of better demand, and, subsequently, short-covering in the futures markets as more traders are getting optimistic that we’ve touched bottom. Corn is getting support from both domestic ethanol and feed demand while wheat pushed higher on some short-covering but gains were limited towards… Read more »

Hoping for Better — This Week in the Grain Market

Grains this week got some love from the bulls as the market rallied on some short covering, strong international demand, and harvest concerns (also known as weather premiums). Wheat was the big winner of the week, climbing 6.5%, with oats and corn following closely behind at 4.8% and 4.7% higher on the week for front-month… Read more »

Keeping Quality — This Week in the Grain Market

Grains for the first week of October saw some see-sawing as the market dealt with some weather premiums and short-covering in wheat and corn pushing values higher. Compared to a week ago, oats are up 6.7%, canola gained 1.2%, corn prices improved by almost 1%, soybeans were up 0.5%, while wheat closed 1.7% lower as… Read more »

Production Comas — This Week in the Grain Markets

Grains ended the month of September on higher note as more weather premiums got priced into the market with the inclement rains slowing Harvest 2016. For the week, grains ended relatively unchanged but, as we come to the end of the quarter, things are much lower (see associated chart). The majority of grains are below… Read more »

Asking Premium Questions — This Week in the Grain Markets

Grain markets this week were fairly volatile as the market swayed on harvest pressures, fresh policy announcements, and wet weather slowing down Harvest 2016 and/or affecting its quality. Soyoil was the leader for the week, up 4.25% on palm oil touching two-year highs in Asian markets. This intuitively supported canola, which was up almost 2.5%… Read more »