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).

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 »

Touching Bottom? — This Week in the Grain Markets

We’re halfway through the month of September and almost at the end of 3rd quarter of the calendar year, a point when we start to usually see lows priced into the market and the end of harvest in sight. A mostly bearish September W.A.S.D.E. report at the beginning of the week on Monday, the 12th,… Read more »

Harvest Limitations — This Week in the Grain Markets

Grains pushed through the first full week of September with a mix of bearish and bullish headlines, but mostly of the latter as a weaker U.S. Dollar, wet weather, and decent export numbers being supportive. Corn was the shining star for the week, up 3.5% in Chicago, mainly supported by ethanol being up more than… Read more »

Ready for a Change of Pace — This Week in the Grain Markets

Grains continued to be pressured by the Harvest 2016 season and continuous benign weather in the U.S. that are keeping crop conditions and yield projections at elevated levels. Estimates on the U.S. corn crop ranges between 170 and 175 bu/ac, suggesting around a 15-billion-bushel crop, while soybean yield estimates are sitting between 48.5 and 50.5… Read more »

Living Large — This Week in the Grain Market

The grain market was filled with lots of pictures this week, thanks to scouts testing Twitter’s ag photo limit by uploading shots of corn cobs as the annual Pro Farmer crop tour ran from Monday to Thursday. The tour showed numbers that came in about 5 full bushels below the U.S.D.A.’s current estimate on the average… Read more »

Eyeing the Competition — This Week in the Grain Markets

Grains in the past week have started to improve a bit as concerns over quality and a lower U.S. Dollar are supporting more international demand. The wetter weather in the Canadian Prairies is widening out quality premiums, especially in lentils and a little less so in durum, but it’s becoming more apparent with every growing season… Read more »

Don’t Stop Dis-Believing — This Week in the Grain Markets

Grains this week ended surprisingly barely changed, despite a record world agricultural supply and demand estimates (WASDE) report from the USDA. Going into the report, most of the market was expecting the USDA to update U.S. average yields as growing and crop conditions have been pretty good. Ahead of the report, the market was expecting an… Read more »

Night Owl Trading — This Week in the Grain Markets

Grains blew through the first week of August like a night owl, trading well overnight before collapsing during most daylight hours. For once, wheat was the big winner of the week, up more than 2% on concerns over the crop coming off in Europe and substitution away from corn for feed demand pretty much all… Read more »

Sleeping Giants — This Week in the Grain Markets

Another growing season month is completed and there’s just about as many questions out there on the crop as there was at the beginning of the season. As usual, volatility ensues and this past week was no different, but mostly to the downside as any charges made by the bulls was quickly put to bed… Read more »