Play Turner’s Take Ag Marketing Podcast Episode 338
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In this episode we talk about central banks raising interest rates this week. The US Federal Reserve and Bank of England hiked rates by 50 basis points. Last week the Bank of Canada raised rates by a half point too. Macro markets are selling off as traders grapple with a hawkish Federal Reserve in 2023. We then get into the energy and ag markets. We are still bullish on crude oil and heating oil. Soybeans and corn seem to have more risk to the downside than wheat over the next few months. We wrap up by looking at the major wild card in the grain market right now, S. American weather and what it can mean for prices. Make sure you take a listen to this week’s Turner’s Take Podcast!
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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
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