Daniels Trading commodity futures broker Craig Turner gives his thoughts on the grain, livestock, and energy markets. The crop tours traveling throughout the Midwest have not been bullish for grain and oilseeds. Corn yields have been better than thought and we could test $3.45 if the IL and IA reports are not bullish. The cattle industry feels we could have a lot of supply coming in the face of increased demand. November Feeder Cattle are at a critical support level. If support is broken we could see an $8 drop to the next major support line. We continue to see Crude Oil trade in range and we become bearish when crude is over $50 and bullish when the market gets close to $40. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to know what to look for in the commodity futures markets? Take a listen to Turner’s Take podcast!
Craig Turner – Commodity Futures Broker
Turner’s Take Ag Marketing http://www.turnerstakeag.com
Turner’s Take Futures Spreads http://www.turnerstake.com
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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.
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