Daniels Trading Senior Broker Craig Turner was quoted in the Dow Jones Newswire article titled “US Wheat Prices Gain on Export Hopes.” This news story reports on increased demand for US Wheat due to price declines.
Wheat futures rose Thursday on speculation that export demand for U.S. inventories may rise because the prices have become more competitive against rival producers.
Corn and soybean futures were mostly lower.
Wheat prices gained as the market awaited news on the results of a tender by Egypt for wheat from global suppliers for delivery next month. Analysts said U.S. prices were competitive and that it could be selected as a supplier, though shippers such as France were in the running.
U.S. wheat prices have fallen in the past two months, which could stimulate greater demand from foreign buyers, analysts said.
“We are getting pretty competitive in wheat prices” with European shippers, said Craig Turner, an analyst with futures brokerage Daniels Ag Services in Chicago. “Our prices have come down considerably.”

Receive an Unlimited Free Subscription to Turner's Take Newsletter!
Turner’s Take was created to give traders and investors a window into the elusive world of LaSalle and Wall Street. My experiences at the NYSE, Goldman Sachs, NYU Stern and Daniels Trading have produced invaluable knowledge and contacts in our most vital capital markets. This wealth of experience and insight has proven to be a critical educational and investment vehicle for my clients and subscribers.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.