Daniels Trading Senior Broker and author of Turner’s Take newsletter Craig Turner was quoted in the March 19, 2014 Wall Street Journal article titled “Dry Weather Pushes Up Wheat.”
Along with the dry weather in the U.S., unrest in Eastern Europe’s Black Sea region also may be boosting prices, said Craig Turner, a senior broker at Daniels Trading in Chicago.
Russia is expected to move quickly to annex the Ukrainian peninsula of Crimea after voters last week opted to secede. That could slow exports from Ukraine, expected to be the world’s sixth-biggest exporter of the grain this year. If embargoes are put in place, Russian exports may decline, Mr. Turner said.
“The more Russia-Ukraine heats up, the more concern that the grain trade could get disrupted,” Mr. Turner said.
Subscribe to Turner’s Take Newsletter & Podcast
Turner’s Take Newsletter & Podcast - Turner’s Take is a complimentary weekly market commentary newsletter that covers the Grain, Livestock and Energy futures spread markets using fundamental, technical and seasonal analysis.
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.