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It is almost June and the weather forecasts for much of the corn belt is hotter and drier over the next couple of weeks. June can be a good month of weather rallies as spec traders look to play the upside while farmers look to market more corn and soybeans.
The US and China trade tariffs could be going better and some of the macro economic issues like the Italian Bond meltdown are not helping the grain and livestock markets. On Monday the G/E for corn started of at 79%! We have had a few bearish cards played this week and I think next week we could be trading the weather and the hotter and drier forecasts. Stay tuned!
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
312-706-7610
cturner@danielstrading.com
Twitter: @Turners_Take
Subscribe to Turner’s Take Ag Marketing | 2018 Corn Outlook
Turner’s Take Ag Marketing | 2018 Corn Outlook - Turner’s Take Ag Marketing sees 2018 corn prices having a possible range from $3.15 to $4.50 given various acreage, supply and demand scenarios, with an end of season target price of $3.70. Find out more about how we determine the range of prices, our suggested marketing strategies, and our 2018 target prices.
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