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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.
The USDA will release their May WASDE on Wednesday the 12th at 11am central. The May WASDE tends to be a big report because this is the first time the USDA includes new crop supply and demand tables for new crop. We go over the industry analyst estimates, what that means for prices, and where we could see some surprises. The spec trade is very long, prices are high, and we have a long way to go before this new crop is made.
US farmers will most likely plant a majority of their corn and soybeans over the next three weeks. The May 12th WASDE will report new crop supply and demand numbers for the first time this year. Domestic old crop stocks are tight but the US is overpriced on the global export market. This all points to a big choppy trading range for the next few weeks and we have some idea on how to trade it.
Corn and soybean oil closed limit up on soaring cash values
The best prices for farmers in Dec 2022 corn could come this summer in the OTC market
Corn and Soybeans could see big weather rallies this summer if conditions are hot and dry
The USDA wil release the much anticipated Prospective Plantings report on Wednesday, March 31st at 11am central
Fed is bullish the economy. Crude is selling off. Livestock is bullish. The grain markets chop
New Thoughts on Old Crop Corn
New Thoughts on Old Crop Corn
New Thoughts on Old Crop Corn