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Early corn yields are just starting to come in and they are a bit disappointing. While the crop is in good shape overall, the heat the US has seen over the past couple of months has taken the top off yield in many areas. If the USDA adds 150mm to exports and the yield is trendline 174, we are at 1.4 billion carryout and corn should be much higher than where we are now.
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.
Turner’s Take Ag Marketing | 2018 Corn Outlook includes access to premium web content.
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