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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.
Farm Policy (Univ of IL) is estimating ethanol production will be down about 750mm gallons for March, April, and May. That is about 250mm bushel of corn lost from decreases in ethanol demand. There will probably be more demand lost in June/July/Aug to round out the marketing year. Right now we could be looking at 350mm to 400mm bushels of lost demand for 2019-2020 corn. The big concern is those bushels go right back into the ending stocks on the balance sheet.
I am working from home while IL has a Stay at Home order in effect. My office cell is 312-651-4621. My office phone 312-706-7610 will roll over to my cell phone if you call my trade desk. This week we talk about the steps that took place so a potential bottom could be made. I think the market is now heading into a period of wide ranging consolidation. We talk about what to look for and why in the coming weeks for stocks, energy, livestock and grains. Make sure you take a listen to the latest Turner’s Take Podcast!
The US Federal Reserve has pledged to buy assets with no limits. This is similar to the Fed support during the subprime crisis
I’m working from home as the country goes into lockdown. My office cell is 312-651-4621. My office phone 312-706-7610 will roll over to my cell phone if you call my trade desk. This week we talk about the macro markets and how the US Federal Reserve, Treasury, Congress, and Administration will be dealing with the coronavirus crisis going forward. We talk about how interest rates and treasuries are stabilizing (step #1 in any recovery). We then go into what needs to happen for stocks and energy to stabilize. Once that happens all the markets can start to recover. Make sure you take a listen to the latest Turner’s Take Podcast!
To say things have been busy since Sunday night would be a gross understatement. In this podcast we go over what to looks for going in the coming weeks with respect to coronavirus, the economic implications, government stimulus,and what markets to watch that signal a recovery/reversal. There are certain markets we need to see stabilize before a recovery can happen. We also need to see the rate of new coronavirus cases start to trend down (and not up), which we may not see for at least a couple of weeks.
We go over the economic impact of coronavirus, the fed interest rate cut, and why the markets trader higher when Biden started winning on Super Tuesday.
Coronavirus continues to pressure the markets lower. We are looking at the energy markets for signs of a bottom.
We go over the recent moves in the macro markets and the latest from the 2002 Ag Forum
We go over the latest WASDE results plus our thoughts on Rice, Corn, Crude, Cotton, and Soybeans vs KC Wheat
The USDA’ s February WASDE will included expected demand from Phase One and the USMCA trade deals. Both should be friendly