To say things have been busy since Sunday night would be a gross understatement. In this podcast we go over what to looks for going in the coming weeks with respect to coronavirus, the economic implications, government stimulus,and what markets to watch that signal a recovery/reversal. There are certain markets we need to see stabilize before a recovery can happen. We also need to see the rate of new coronavirus cases start to trend down (and not up), which we may not see for at least a couple of weeks.
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.
We go over the economic impact of coronavirus, the fed interest rate cut, and why the markets trader higher when Biden started winning on Super Tuesday.
Coronavirus continues to pressure the markets lower. We are looking at the energy markets for signs of a bottom.
We go over the recent moves in the macro markets and the latest from the 2002 Ag Forum
We go over the latest WASDE results plus our thoughts on Rice, Corn, Crude, Cotton, and Soybeans vs KC Wheat
The USDA’ s February WASDE will included expected demand from Phase One and the USMCA trade deals. Both should be friendly
I will be speaking in Champaign, IL, Cedar Rapids, IA, and Indianapolis, IN. Call or email me to attend my seminar!
New crop corn is $4.00. If we have 96mm acres and a trend line yield the Dec20/July21 carry will be 30 cents. $4.30 new crop sales are possible.
I had a great time at FARMCON this week in Kansas City. We also go over Phase One and what it means for US ag demand
Our first podcast of 2020 is out. We go over the recent macro market events and then dive into our thoughts on the upcoming WASDE on January 10th. The Jan WASDE always has the potential to cause a limit move. Make sure you take a listen to this week’s Turner’s Take Podcast!