cattle

China is getting more aggressive with Hong Kong and that could lead to new trade war tensions with the United States

Our new podcast is out and we like soybeans oil, srw wheat, and wti crude oil. Take a listen to Turner’s Take Podcast!

In this week’s podcast we go over the May WASDE and what it means for new crop corn and soybeans. The outlook is bearish corn and bullish soy

As the US economy reopens we like the S&P 500, crude oil, and live cattle. The May WASDE could be very bearish for corn

As May FND subsides we think July Corn has the potential to have a bear market rally into the May WASDE report

This week we go over the the latest jobless claims and implied unemployment rate. We take a look into the energy, grain, and livestock markets too.

This week we go over the the latest jobless claims and implied unemployment rate. We take a look into the energy, grain, and livestock markets too.

I am working from home while IL has a Stay at Home order in effect until April 30.  My office cell is 312-651-4621.  My office phone 312-706-7610 will roll over to my cell phone if you call my trade desk.  This week we talk the April WASDE, what to look for in the May WASDE, and the latest from OPEC and crude oil production cuts.  Make sure you take a listen to the latest Turner’s Take Podcast!

New Crop looks bad.  We estimate we lose another 150mm in demand from low energy prices in the 2020-21 marketing year.  With 97 million acres and a trend line yield we see ending stocks blowing out to 3.4 billion.  This puts cash prices and harvest lows under $3.