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!
Phase One of the trade deal should be very supportive for the grain markets. Soybeans could be the big winner and in the most need of acres
The US and China have come to an agreement in principal over Phase One of the trade deal. The US and China are expected to sign in early January
Dec 2020 Corn Could Trade $3.20 to $4.20 Next Year. Soybeans could trade between $8.40 and $10.50.