Play Turner’s Take Ag Marketing Podcast Episode 316
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | 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
The Federal Reserve raised interest rates this week by 75 basis points, just days after the latest CPI showed inflation over 8%. The S&P 500 is now down over 20% from the highs earlier this year, which is the technical definition of a bear market. Economists and traders are concerned the world will head into recession in 2023. Central banks typically use Quantitative Easing strategies when economies go into recession but due to high inflation the Federal Reserve, Bank of Canada, Bank of England, and the EU all need to raise interest rates and deploy Quantitative Tightening tools. QT will help bring down inflation but it also slows down growth and cause recessions.
In this week’s podcast we talk about the Fed raising interest rates, the high price of energy and what can bring prices up or down, and then we talk about the grain and oilseed markets. Oilseeds have the most risk to the downside starting with soybeans and then canola. Corn is entering pollination in the next few weeks. Hot and dry weather in the central US could spark a big rally but cooler and wetter conditions may have the opposite effect. Wheat is the big wild card. The uncertainty around Black Sea wheat production and export capacity will keep wheat prices elevated until the fall at minimum. Make sure you take a listen to the latest Turner’s Take Podcast!
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.
© 2022 StoneX Group Inc. All Rights Reserved
You must be logged in to post a comment.