Daniels Trading Senior Broker and author of Turner’s Take newsletter Craig Turner was quoted in the August 20th, 2015 Dow Jones Newswire article titled “US Grain, Soybeans Swing Higher on Crop Outlook, Quality Concerns” by Jesse Newman of the Wall Street Journal.
“There’s not enough deliverable wheat out there,” said Craig Turner, senior broker at Daniels Trading in Chicago, adding that higher wheat prices on Thursday reflect “concerns over a shortage of quality wheat.”
…
“We’re oversold in beans,” said Mr. Turner, adding that the soybean market has dropped about 70 cents since the beginning of the month thanks to beneficial rains. “Now traders are taking a wait-and-see approach,” as crops complete growth prior before the fall harvest.
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.
Guide to Hedging with Grain and Oilseed Futures and Options
Download this complimentary booklet to learn how to integrate futures and options into effective hedging strategies. Learn the basics of hedging step-by-step so that you make better-informed trades!
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.
