Soybean Oil closed above the 2016 highs as all global vegetable markets surge higher
Turner's Take Newsletter and Podcast
Turner's Take Newsletter & Podcast is a weekly market commentary newsletter that covers all the major futures markets with a focus on futures spread trading in the Grains, Livestock and Energy sectors. The weekly issue is free for anyone who wishes to receive it. We will cover macroeconomic influences affecting the futures markets as well as in-depth market analysis for many of major commodity markets.
Turner's Take Market Alert uses a combination of fundamental, technical and seasonal analysis to present market ideas and trading recommendations. Turner’s Take Market Alert is only complimentary for Daniels Trading clients with open and funded accounts.
The USDA’s November 2020 WASDE was bullish for corn and soybeans. Corn will be supported at $4 and soybeans at $10
2021 Wheat, Corn, and Soybean Acres will be the largest we’ve seen in years
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
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.
New crop soybeans are tight and without an expansion of 7mm acres soybeans could be tight next year too!
Soybeans lead the CBOT higher on renewed Chinese demand and South American planting delays.
The Sept 1 quarterly stocks report was bullish for corn, soybeans and wheat
Soybeans could be back to the old trading ranges before the Swine Flu hit China and before the tariffs trade wars
Fed policies should help the stock market and precious metals. Grains are at a crossroads and we like cattle but bearish hogs