The USDA’s November 2020 WASDE was bullish for corn and soybeans. Corn will be supported at $4 and soybeans at $10
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.
2021 Wheat, Corn, and Soybean Acres will be the largest we’ve seen in years
Wheat stocks will get tighter next year and we see KC gaining on Chicago. For the 2021-2022 marketing year KC should trade over Chi
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.
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