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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.

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Turner’s Take

Turner’s Take | Funds Reducing Soybean Length

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Export sales were above the average estimates and towards the top of the ranges.  US corn is well priced at these levels as are soybeans.  Corn is competitive with the Black Sea and South America will be out of the export game for the next few months.   US Soybeans are now about 30 cents under Brazil for December and 10 under for January.  Support for Jan Soybean is $9.00 and then $8.90.  A break below $8.90 could cause the funds to go from net long to net short.  I personally don’t see the funds getting net short unless the Phase One trade deal completely falls apart.

Turner’s Take

Turner’s Take Podcast: Grains Grind Lower

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Corn and Soybeans continue to grind lower. The market on the CBOT with the most potential seems to be rice. Rice is too small a market to give advice about in a podcast or newsletter. Call 800-958-9470 for more details

Turner’s Take

Turner’s Take | Low Volume Chop

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CBOT markets chopped in range today on low volume. Pork exports were the highest of the marketing year. With China’s need for pork and a potential Phase One trade deal on the horizon, this could be just the start for strong pork export demand

Turner’s Take

Turner’s Take Podcast: WASDE Bullish Soybeans; Bearish Corn

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A bullish quarterly stocks reports has shifted possible prices ranges for corn and soybeans materially higher. New Crop Corn could have a carryout sub 2 billion with the potential to go lower due to lower yields this year. Soybeans could be sub 500, which seemed impossible six months ago.