US-China rhetoric turned bullish this morning as President Trump tweets a deal is “close”
Dec 2020 Corn Could Trade $3.20 to $4.20 Next Year. Soybeans could trade between $8.40 and $10.50.
China looks to lower tariffs on imports as the critical date approaches. A 2.8 million head slaughter this week will likely limit upside
We go over the recent developments in the US-China trade negotiations and how it is effecting , grains, oilseeds, and livestock.Make sure you take a listen to this week’s Turner’s Take podcast!
G-J struggles again above 6 cents. Lets take profit and buy a break
We expect the Dec contract to continue to chop this week. We will be looking for evidence of topping slaughter numbers to jump long Feb.
In this week’s episode we go over the recent developments in the US-China trade negotiations and how it is effecting equities, grains, oilseeds, and livestock. We also talk about sugar at the end and why we like it from the long side in 2020. Make sure you take a listen to this week’s Turner’s Take podcast!
KC wheat looks toppy here, down 5 from the close yesterday. Oilseeds remain quiet while corn spreads back off.
Fund short covering in HRW wheat is leading the CBOT higher. Crop Progress is further behind than expected in corn and soybeans
Corn falls further behind, beans are only slightly off pace. Cotton is ahead of last years harvest pace. Wheat conditions are downgraded.