Craig Turner is a Senior Ag Broker at Daniels Trading, author of Turner’s Take newsletter, and the host of Turner’s Take podcast. Craig works with farmers and other participants in the ag industry to help them meet their marketing, purchasing and trading needs. He excels in determining price ranges for the crop year and developing strategies for farmers and end users based on his analysis. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, and also makes appearances on SiriusXM – Rural Radio Channel 80 and Ag Day. Mr. Turner has a Bachelors from the Rensselaer Polytechnic Institute (RPI) where he graduated with honors and has worked at the NYSE and Goldman Sachs. While at Goldman, Craig earned his MBA in the NYU Stern executive program.
Learn more about Craig’s background and trading philosophy – Get to Know Your Broker: Craig Turner
Videos Featuring Craig
dt Pro Tutorial: Futures Spreads (6/9/2014) - Learn how to trade Futures Spreads on dt Pro. This video tutorial demonstrates how to bring up futures spreads quotes, charts, DOMS and order tickets.
Emerging Leadership with a Culture of Trust [HD] (7/12/2013) - This video discusses the culture of Daniels Trading, a culture focused on trust.
How To Make Your First Futures Trade (7/12/2013) - Learn the three essential concepts that all traders should understand before trading in the futures markets. Senior broker, Craig Turner, walk you through each concept and help you get on 
The dt Pro Experience (6/6/2014) - dt Pro is an easy to use application that handles all of the complexities associated with trading and order management. Our latest release offers all of the features you need in your futures trading software, and even some that you might not even know existed.Craig Turner in the Media
Blog Posts by Craig
Turner’s Take Podcast | Fed Raises Interest Rates; Argentina Hot/Dry For Next Two Weeks (2/3/2023) - Fed Raises Interest Rates; Argentina Hot/Dry For Next Two Weeks
Turner’s Take Podcast | Jan WASDE Cuts Old Crop Production (1/13/2023) - Jan WASDE Cuts Old Crop Production
Turner’s Take Podcast | Happy Holidays and Merry Christmas! (12/23/2022) - Happy Holidays and Merry Christmas!
Turner’s Take Podcast | Central Banks Continue to Raise Interest Rates (12/15/2022) - Central Banks Continue to Raise Interest Rates
Turner’s Take Podcast | Wheat Finds Support and Oilseeds Hit Resistance (12/9/2022) - Wheat Finds Support and Oilseeds Hit Resistance
Turner’s Take Podcast | Grains and Oilseeds Grind Lower (12/1/2022) - Grains and Oilseeds Grind Lower
Turner’s Take Podcast | Recession Fears Sink Commodities (11/18/2022) - Recession Fears Sink Commodities
Turner’s Take Podcast | Inflation Shows Signs of Stabilization (11/11/2022) - CPI came in better than expected and now the market hopes inflation is stabilizing
Turner’s Take Podcast | 2023 Corn, Soybeans, and Wheat Outlooks (11/3/2022) - Our price models suggest elevated prices for grains and oilseeds in 2023, with wheat the strongest into 2024.
Turner’s Take Podcast | What Happened To The Harvest Pressure? (10/21/2022) - What Happened To The Harvest Pressure?
Turner’s Take Podcast | US Core Inflation Highest in 40 Years (10/14/2022) - US Core Inflation Highest in 40 Years
Turner’s Take Podcast | Soybeans and Canola Harvest Pressure Leads Ag Markets Lower (10/6/2022) - Soybeans & Canola Harvest Pressure Lead Ag Markets Lower
Turner’s Take Podcast | Higher Interest Rates Have Not Decreased Inflation…Yet (9/27/2022) - Interest rates have gone from 0% to 3.25% but have not decreased the rate of increase for inflation.
Turner’s Take Podcast | Inflation, Interest Rates, and Commodity Markets (9/16/2022) - Inflation, Interest Rates, and Commodity Markets
Turner’s Take Podcast | Wheat and Corn Prices Hinge on Black Sea Exports (9/8/2022) - Wheat and Corn Prices Hinge on Black Sea Exports
Turner’s Take Podcast | 2023 Acres Looks Bearish for Corn and Canola (9/2/2022) - 2023 Acres Looks Bearish for Corn and Canola
Turner’s Take Podcast | US Crop Tours and Black Sea Exports (8/19/2022) - US Crop Tours and Black Sea Exports
Turner’s Take Podcast | Canadian Canola Crop (8/11/2022) - Canada is set to produce a bumper canola crop as long as frost does not get in the way.
Turner’s Take Podcast | Inflation, Recession, and Ag Prices (8/4/2022) - In this podcast we talk about ag prices and how they are impacted by recession, interest rates, and rising inflation.
Turner’s Take Podcast | US In Recession? (7/28/2022) - US GDP for Q1 was -1.6% and -0.9% in Q2. The technical definition of a recession is two consecutive quarters of negative GDP growth
Turner’s Take Podcast | Is Energy Policy Transitory? (7/15/2022) - US fuel prices are on the rise and part of it is due to energy policy. If true then this is a supply issue. If policy is written in stone inflation is structural. If policy can change the inflation could be structural
Turner’s Take Podcast | Ag and Energy Markets Rebound (7/7/2022) - The US may already be in a recession, energy prices are bullish due to declining refinery capacity, and row crops are heading for summer weather markets
Turner’s Take Podcast | Down Goes Grains and Oilseeds (6/30/2022) - Quarterly stocks came in as expected, soybean acres were a bullish surprise, but that couldn't stop the selling in corn, wheat, and soybeans
Turner’s Take Ag Markets Podcast | Interest Rate Hikes, Recession Fears, and Summer Weather (6/24/2022) - The markets sold off this week due to fears of higher interest rates that may cause a recession
Turner’s Take Podcast | Recession Fears Weigh On Markets (6/17/2022) - Recession Fears Weigh On Markets
Turner’s Take Podcast | June WASDE Neutral (6/10/2022) - The USDA's Jun WASDE report was mostly neural for corn, wheat, and soybeans.
Turner’s Take Podcast | Grain and Oilseed Selling Pressure Mounts (6/3/2022) - Grain & Oilseed Selling Pressure Mounts
Turner’s Take Podcast | Will Russia Agree to a Corridor for Grain Exports? (5/26/2022) - Talks between the UN and Russia about a "grain export corridor" brought wheat prices down this week. We are skeptical a deal gets done based on how Russia has conducted itself with the war and their stance on suppling energy to Europe.
Turner’s Take Podcast | Inflation and Ag Market Lows (5/20/2022) - Play Turner’s Take Ag Marketing Podcast Episode 311 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
Turner’s Take Podcast | May WASDE Bullish Wheat and Corn (5/13/2022) - The USDA's May WASDE was bullish for wheat and corn
Turner’s Take Podcast | Spring Wheat Planting Delays (4/28/2022) - ND farmers have until May 20th to plant HRS wheat before Prevent Plant becomes an option
Turner’s Take Podcast | Powell Says Taming Inflation “Absolutely Essential” (4/21/2022) - 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.
Turner’s Take Podcast | Bank of Canada Raises Interest Rates 0.50%; Fed Expected To Do The Same (4/13/2022) - Bank of Canada Raises Interest Rates 0.50%; Fed Expected To Do The Same
Turner’s Take Podcast | Live From Saskatoon International Airport (3/24/2022) - It has been a record travel month for me professionally. I guess COVID is over because it seems like travel restrictions are coming to an end, US states and foreign nations are easier to travel to, and Corporate America is back to bank on the road.
Turner’s Take Podcast | Farm Advantage Phone App (3/16/2022) - Farm Advantage is a free app and has market quotes, advanced charts, StoneX research and reports, USDA insurance info, BAMWX weather, and cash bids across the nation.
Turner’s Take Podcast | Grain and Oilseed Markets Retreat (3/14/2022) - Thanks to everyone who came out to Commodity Classic and swung by the StoneX booth to say hello
Turner’s Take Podcast | Synthetic Trading Values (3/4/2022) - Flat price winter wheat futures were limit it up most of the week but that did not prevent those markets from trading
Turner’s Take Podcast | Volatility: {noun} a tendency to change quickly and unpredictably (2/25/2022) - Volatility: {noun} a tendency to change quickly and unpredictably
Turner’s Take Podcast | Ag Forum Next Week (2/17/2022) - The USDA holds their Ag Forum next Thursday/Friday and we'll get to see their ideas for new crop supply and demand
Turner’s Take Podcast | CONAB Slashes Brazil Soybean Estimates (2/11/2022) - CONAB Slashes Brazil Soybean Estimates
Turner’s Take Podcast | Brazil Soybean Estimates Continue to Fall (1/27/2022) - Brazil Soybean Estimates Continue to Fall
Turner’s Take Podcast | Not Enough New Crop Acres To Go Around (1/20/2022) - Corn, wheat, and soybeans will need to have trendline yields or better to get ending stocks back to adquate supply levels
Turner’s Take Podcast | Jan WASDE Bearish SRW Wheat and Bullish Soybeans (1/12/2022) - The January WASDE was bearish SRW wheat due to an increase in acres and bullish soybeans as global stocks declined
Turner’s Take Podcast | Bullish Grains, Hawkish Fed (1/7/2022) - Grains and oilseeds are bullish on S. American weather concerns while the Fed minutes were much more hawkish than expected
Turner’s Take Podcast | Macro Market Fears vs South American Weather (12/20/2021) - The CBOT wanted to go higher on adverse S. American weather but many markets were pressured lower due to omicron shutdown concerns
Turner’s Take Podcast | Dec WASDE Mixed (12/9/2021) - The USDA's Dec WASDE was bearish wheat, neutral corn, and bullish for soybeans
Turner’s Take Podcast | Fed Chairman Powell Says Inflation No Longer “Transitory” (12/2/2021) - In this week's podcast we go over what Fed Chairman Jerome Powell meant when he told Congress inflation is no longer transitory. If inflation is not transitory then it is structural.
Turner’s Take Podcast | Thanksgiving Week (11/22/2021) - Global exporter stocks of both wheat and corn remain tight. Inflation and historically low stock/usage levels keep grain prices elevated
Turner’s Take Podcast | Nov WASDE Supportive for Grains and Oilseeds (11/11/2021) - The November WASDE surprised traders by reducing the soybean yield 0.5 bpa to 51.2. The lower production offset weaker soybean exports and kept ending stocks steady
Turner’s Take Podcast | Inflation Nation (10/25/2021) - Higher food, energy and housing prices are impacting consumers in the US and abroad
Turner’s Take Podcast | Debt Ceiling Can Kicked to December (10/8/2021) - US Congress passed a deal to temporarily avoid the US from hitting the debt ceiling. The can has been kicked to December
Turner’s Take Podcast | Well, That Escalated Quickly (9/29/2021) - Natural Gas reached our winter price target by the end of September. This will be a volatile market straight through winter and into spring
Turner’s Take Podcast | Sept WASDE Neutral (9/10/2021) - The September WASDE was fairly neutral for corn, soybeans and wheat as most numbers came in as expected
Turner’s Take Podcast | Natural Gas Rallies and Grains Chop (8/26/2021) - Natural Gas rallies on lower than inspected injections while the CBOT chops as we head into Sept futures FND
Turner’s Take Podcast | August WASDE Bullish Corn & Wheat (8/13/2021) - The August WASDE was bullish corn and wheat while mildly bearish soybeans
Turner’s Take Podcast | US Lockdowns Coming? (7/30/2021) - We are hearing a lot of chatter about the WH and CDC recommending lockdowns starting in the 2nd or 3rd week of August
Turner’s Take Podcast | Macro Market Meltdown (7/19/2021) - Macro Markets Crash and bring down energy, grains, and oilseeds
Turner’s Take Podcast | Fed Minutes, Energy, and Grains (7/7/2021) - Fed Minutes, Energy, and Grains
Turner’s Take Podcast | Acres and Stocks Report Next Week (6/25/2021) - The June 30th Acres and Stocks Report is next Wednesday at 11 am central.
Turner’s Take Podcast | Extreme Volatility (6/18/2021) - This is the kind of volatility you can get when crop stocks are tight and new crop stocks are projected adequate-to-tight. The summer weather volatility can be off the charts. Expect more of the same over the next few weeks. In our latest podcast we go over how to trade, hedge and market in these periods. Make sure you take a listen to this week's Turner's Take Podcast!
Turner’s Take Podcast | Weather Market (6/8/2021) - It is June. Old crop stocks are tight. The weather is hot and dry and we have a weather market
Turner’s Take Podcast | Hurry Up and Wait (5/21/2021) - Soybeans are tight. Corn can go either way. Traders might as well hurry up and wait until a weather market develops
Turner’s Take Podcast | May WASDE Preview (5/7/2021) - The USDA will release their May WASDE on Wednesday the 12th at 11am central. The May WASDE tends to be a big report because this is the first time the USDA includes new crop supply and demand tables for new crop. We go over the industry analyst estimates, what that means for prices, and where we could see some surprises. The spec trade is very long, prices are high, and we have a long way to go before this new crop is made.
Turner’s Take Podcast | Range Bound Trading Ahead (4/29/2021) - US farmers will most likely plant a majority of their corn and soybeans over the next three weeks. The May 12th WASDE will report new crop supply and demand numbers for the first time this year. Domestic old crop stocks are tight but the US is overpriced on the global export market. This all points to a big choppy trading range for the next few weeks and we have some idea on how to trade it.
Turner’s Take Podcast | CBOT Rips Higher (4/22/2021) - Corn and soybean oil closed limit up on soaring cash values
Turner’s Take Podcast | Futures, Options, OTC, and Structured Products (4/16/2021) - The best prices for farmers in Dec 2022 corn could come this summer in the OTC market
Turner’s Take Podcast | Summer Ideas for Corn and Soybeans (4/6/2021) - Corn and Soybeans could see big weather rallies this summer if conditions are hot and dry
Turner’s Take Podcast | Prospective Plantings Outlook (3/25/2021) - The USDA wil release the much anticipated Prospective Plantings report on Wednesday, March 31st at 11am central
Turner’s Take Podcast | Market Chop (3/18/2021) - Fed is bullish the economy. Crude is selling off. Livestock is bullish. The grain markets chop
Turner’s Take Podcast | Energy Bullish Heading Into Spring and Summer (3/3/2021) - New Thoughts on Old Crop Corn
Turner’s Take Podcast | Ag Forum Bullish Chinese Corn Demand (2/19/2021) - New Thoughts on Old Crop Corn
Turner’s Take Podcast | GME Short Squeeze, Energy Outlook, Strong Export Corn/Soybean Demand (1/27/2021) - The short squeeze in GameStop as been all the rage in the financial press this week. We share our thoughts on GME, energy, and grains
Turner’s Take Podcast | Soybean Outlook (1/21/2021) - Soybeans and soybean oil are still the most bullish markets at the CBOT for 2021 and 2022.
Turner’s Take Podcast | Ain’t No Party Like a Soybean Party (1/5/2021) - Ain't no party like a soybean party, 'cause a soybean party don't stop
Turner’s Take Podcast | Big CBOT Rally! (12/29/2020) - Big rally in the CBOT as soybeans approach $13
Turner’s Take Podcast | Goldman Sachs Call For Long Lasting Commodity Bull Market (12/16/2020) - Goldman Sachs is calling for a long lasting commodity bull market that will benefit energy, metals, and agriculture. We are bullish on corn, the soybean complex, and winter wheat. The US will be issuing more debt for stimulus in the aftermath of the coronavirus shutdowns the the rest of the world's central banks and governments will most likely follow suit. Ag and the rest of the commodity markets look bright for 2021.
Turner’s Take Podcast | December WASDE Neutral for Corn and Soybeans; Bullish for Wheat (12/10/2020) - Soybean Oil closed above the 2016 highs as all global vegetable markets surge higher
Turner’s Take Podcast | Soybean Oil Closes Above 2016 Highs (11/18/2020) - Soybean Oil closed above the 2016 highs as all global vegetable markets surge higher
Turner’s Take Podcast | November 2020 WASDE Bullish (11/11/2020) - The USDA's November 2020 WASDE was bullish for corn and soybeans. Corn will be supported at $4 and soybeans at $10
Turner’s Take Podcast | 2021 Acreage Outlook (11/5/2020) - 2021 Wheat, Corn, and Soybean Acres will be the largest we've seen in years
Turner’s Take Podcast | 2021-2022 Wheat Ideas (10/29/2020) - Wheat stocks will get tighter next year and we see KC gaining on Chicago. For the 2021-2022 marketing year KC should trade over Chi
Turner’s Take Podcast | 2021 Corn Outlook (10/21/2020) - Corn is adequate on the balance sheet but cash, basis, futures and spreads all say stocks are tight. We think corn has more upside this year.
Turner’s Take Podcast | 2021 Soybean Outlook (10/16/2020) - New crop soybeans are tight and without an expansion of 7mm acres soybeans could be tight next year too!
Turner’s Take Podcast | Soybeans Rally on Chinese Demand and S.Am Weather (10/6/2020) - Soybeans lead the CBOT higher on renewed Chinese demand and South American planting delays.
Turner’s Take Podcast | Quarterly Stocks Report Bullish! (9/30/2020) - The Sept 1 quarterly stocks report was bullish for corn, soybeans and wheat
Turner’s Take Ag Marketing Podcast | Soybeans Are Back! (9/13/2020) - Soybeans could be back to the old trading ranges before the Swine Flu hit China and before the tariffs trade wars
Turner’s Take Ag Marketing Podcast | Stocks, Metals, Livestock, and Grains (9/1/2020) - Fed policies should help the stock market and precious metals. Grains are at a crossroads and we like cattle but bearish hogs
Turner’s Take Podcast | Corn and Soybean Yields Retreating (8/25/2020) - Corn and Soybean yields are in retreat. Dec Corn could test $3.65. A close above $9.25 in Nov Soybeans could send prices the next leg higher
Turner’s Take Podcast | How Much Corn In Iowa Is Lost? (8/18/2020) - The derecho in Iowa has lead to an uncertain ammount of corn lost due to high winds. With elevated prices we look at 2021-22 marketing
Turner’s Take Podcast | Aug WASDE Increases Yields (8/12/2020) - The USDA raised corn and soybeans yields in the August WASDE. Both markets should trade lower into the end of the month
Turner’s Take Podcast | StoneX Forecast Big Yields (8/4/2020) - Yield forecasts are coming in and they suggest corn and soybeans are both above trend. Corn and soybeans should feel pricing pressure for the rest of August and into September
Turner’s Take Podcast | Corn and Soybean Seasonality (7/29/2020) - Seasonally corn and soybeans tend to grind lower for the rest of the summer. We expect seasonal lows to occur at the end of August or by mid September
Turner’s Take Podcast | Corn Game Plan (7/21/2020) - Corn will most likely drift lower between now and the end of August. Seasonally corn tends to rally from Mid Sept through October
Turner’s Take Podcast: COVID Vaccine Progress | Rumors of China Buying US SRW Wheat (7/15/2020) - The macro markets are rallying on COVID vaccine progress while whear rallies off rumors of China buying US SRW Wheat
Turner’s Take Podcast: Weather Forecast is Cooler and Wetter (7/7/2020) - We are in a weather market for corn and soybeans. The forecasts are cooler and wetter and that is good for production
Turner’s Take Podcast: Planting and Stocks Report Tomorrow (6/29/2020) - The June 30 Acreage and Quarterly Stocks report always has the potential for big moves in corn, soybeans, and wheat
Turner’s Take Podcast: Corn and Soybean Spreads (6/17/2020) - In today's podcast we go over why the stock market rally is for real and what it means for the macro markets and commodities
Turner’s Take | Fed To Buy Corporate Bonds (6/15/2020) - The Federal Reserve is ready to buy corporate bonds to help stimulate the economy and provide liquidity to US markets
How to Choose the Best Futures Broker For Futures Trading (2/6/2018) - Choosing a futures broker is one of the most important decisions you will make for your commodity futures and options trading account. Whether you are an online trader, broker assisted, using automated systems, newsletters, or in managed futures, you want a brokerage firm that can best service your trading needs while providing a great value for your trading dollar.
Block Allocation for Trade Managers (7/15/2014) - dt Pro allows CTAs, professional trade managers, systems traders and personal traders to create, manage, and modify block allocations directly on the platform. Not only can you trade directly into the block account, but your trades are automatically allocated based on your defined rules and the fills break down in real-time to reduce time spent managing blocks. It's all done in real time - no back office support or administration required!
Basics of Grain Basis Trading: “Long the Basis” (5/5/2014) - Basis Trading is a strategy used by elevators (and some farmers) looking to take advantage of favorable basis prices by exploiting the difference between the cash and futures. Grain elevators buy and sell grain all year around. When elevators make commitments to buy corn from farmers on the local market, elevators will also sell futures close to the cash delivery date to hedge themselves.
The Basics of Grain Basis Trading (4/28/2014) - Grain Basis Trading is a very effective strategy for both Elevators and Farmers with on farm storage.
Do Gaps Matter? (8/6/2013) - Many traders pay attention to price gaps on a chart. Are gaps significant and should they be part of a trader’s strategy? Or are gaps merely a gap in price just because there was a gap in time between recorded trades at the exchange?
Ag Apps for Smart Phones (2/15/2012) - The Van Trump Report is a great source for farmers, producers, end users and grains traders. Kevin Van Trump has made it his goal to help provide those in the Agricultural Business with the latest and most comprehensive news, information, commentary, and marketing strategies in the industry. If you find this information useful, we highly… Read more.
How To Avoid Top Trading Mistakes (7/6/2011) - In all my years of following the markets, I have found one methodology above all others that is the most effective for my day and swing trading. The Turner Breakout Reversal (TBR) method is designed to quickly scan a given market and determine if a particular market is heading for a breakout or reversal after… Read more.
The Wonderful World of Futures Spread Trading (2/17/2011) - When it comes to Futures Spreads, many traders ask us what is the benefit of spreading futures contracts. They want to know why we often choose to spread futures contracts instead of either being long or short a single futures contract or option, or use option spreads instead.
Hedging Systematic Risk (2/16/2011) - This post originally appeared in FutureSource’s Fast Break Newsletter on March 10, 2010, where Craig Turner is a regular contributor on various futures trading topics. Systematic risk is always a threat to even a well-diversified portfolio. When it comes to trading, we are always aware of systematic risk, and look for ways to hedge it… Read more.
The Number One Rule of Trading (11/11/2010) - If there is one thing I’ve learned in all my years in the financial markets, it is never add to a losing position. That means never “average down” a losing long position or “average up” a losing short position.
The Psychology of Futures Trading: 3 Things You Need to Know (10/13/2010) - For many traders, the Psychology of Trading can be the greatest hurdle they need to overcome in order to be successful. At Daniels Trading, one of our primary goals is to help self-directed online and broker assisted traders overcome this common issue, and get them on their way to achieving the results they are looking… Read more.
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