The grains markets may be range bound between now and potential summer weather issues. The next WASDE is not for a few weeks and the next stocks and acreage report is not until the end of June. We talk about why we like corn and spring wheat but are concerned about soybeans. We also take… Read more.
grains trading podcast
The USDA released their May 2018 WASDE yesterday and the results were mixed. On the surface the report was bullish for corn and soy, but Daniels Trading broker Craig Turner provides further analysis in his podcast.
The USA/China trade dispute continues and will weigh heavier on soybeans and lean hogs as we approach the May 22 tariff start date. Listen to Turner’s Take Podcast for complete market analysis and insight into the grain futures markets.
Hot and dry weather in Brazil is causing concern for their safrinha corn crop. A ridge has formed and it could impact the 2nd crop corn for the next 10 to 14 days. Corn has come down in the past week or two as the Argentina bull market has ended and it is still too early to get excited… Read more.
The grain markets are lacking direction as the South American weather markets are over and we are too early to have US weather markets for planting. I think we are setting up for tighter new crop corn stocks, larger new crop soybean acres, and less spring wheat acres. Take a listen as we talk about… Read more.
The USDA’s April WASDE report was released yesterday. The report was generally as expected. The USDA may have signaled a big increase in new crop corn export demand in their executive summery. Will not see new crop numbers until the May WASDE but this part of the report caught my eye and it is why… Read more.
Corn acres are estimated at 88mm acres according to the USDA and soybeans are 89mm. This is setting up for a bullish spring and summer if we have planting delays or hot/dry growing weather. The Chinese tariffs on soybeans could put a damper on grain prices but in this podcast we go over how it… Read more.
The corn market rallied 40 cents from Jan to March and then gave back 20 cents in about a weeks time. We are now at the 50% retracement level and we expect corn to chop until Planting Intentions next week. If the USDA reports 89mm acres and we assume a 175 yield, new crop ending… Read more.
Craig Turner explains why the grain markets are likely to consolidate between now and the March 30 Grain Stocks and Planting Intentions report. Now that the damage is done in South America, the market should start to focus on US new crop acres, exports, and ending stock projections. We also talk about cattle, hogs, crude oil… Read more.
Craig Turner discusses the latest weather market in South America and how we are trading and marketing corn, soybeans, and wheat as a result of the recent rallies. Corn has paused but could continue to go higher based on how much crop has been lost. The market is pricing in about a 25% reduction in… Read more.