Seasonally corn and soybeans tend to grind lower for the rest of the summer. We expect seasonal lows to occur at the end of August or by mid September
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.
Corn will most likely drift lower between now and the end of August. Seasonally corn tends to rally from Mid Sept through October
The macro markets are rallying on COVID vaccine progress while whear rallies off rumors of China buying US SRW Wheat
We are in a weather market for corn and soybeans. The forecasts are cooler and wetter and that is good for production
The June 30 Acreage and Quarterly Stocks report always has the potential for big moves in corn, soybeans, and wheat
In today’s podcast we go over why the stock market rally is for real and what it means for the macro markets and commodities