Play Turner’s Take Ag Marketing Podcast Episode 307
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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 firstname.lastname@example.org Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner
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