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.
Inside Commodity Futures
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
Dec 2020 Corn Could Trade $3.20 to $4.20 Next Year. Soybeans could trade between $8.40 and $10.50.
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!
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!
Fund short covering in HRW wheat is leading the CBOT higher. Crop Progress is further behind than expected in corn and soybeans
US-China Trade Deal Signing Could Be Delayed Until December
Corn and Soybeans continue to grind lower. The market on the CBOT with the most potential seems to be rice. Rice is too small a market to give advice about in a podcast or newsletter. Call 800-958-9470 for more details