Play Turner’s Take Ag Marketing Podcast Episode 307
Podcast: Play in new window | Download
Subscribe: RSS | Subscribe to Turner's Take Podcast
If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
Fed Chairman Powell said taming inflation is “absolutely essential” and the market is pricing in a 50 basis point interest rate hike for the next FOMC meeting in May. The ten year note is now at 3% and a viable alternative from stocks for large investment funds. Higher interest rates have the potential to slow down the economy and lead to a recession.
A lot of bullish cards have been coming out of the deck for the grain and oilseed markets lately but that could start to change. Prices have run very high and you always need to feed a bull market. South American corn and wheat prices are heavily discounted to the Gulf. Farmers should be able to plant more in the next week or two. Stats Canada comes out with acres on Tuesday and high prices for all commodities should bring out acres. We go over all of this and what it can mean for grain and oilseed prices in this week’s Turner’s Take Podcast!
Turner’s Take Moving to StoneX
Turner’s Take is moving to StoneX at the end of April. Some of you already get Turner’s Take directly from StoneX. A large majority of you still receive Turner’s Take from our legacy system at Daniels Trading. Existing clients with an ID/PW to StoneX will have a seamless transition. For those of you who are not clients you will need to set up a username and password with StoneX. In about a week you will receive an email from StoneX with instructions on how you can still receive my newsletter. More details to follow.
About Turner’s Take Podcast and Newsletter
If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 cturner@danielstrading.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner
Risk Disclosure
The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI.
Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.
© 2023 StoneX Group Inc. All Rights Reserved
You must be logged in to post a comment.