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.
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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.
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
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
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
The USDA raised corn and soybeans yields in the August WASDE. Both markets should trade lower into the end of the month
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