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Turner's Take Podcast

In Turner's Take Podcast, Daniels Trading futures brokers discuss the commodity markets from a fundamental, technical, and seasonal perspective. Turner's Take podcast (formerly Inside Commodity Futures) is hosted by Craig Turner, commodity broker with Daniels Trading and author of Turner’s Take newsletter.

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.