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.
Inside Commodity Futures
PODCAST | The USDA released their April WASDE yesterday and we dive right in during the podcast. We think the biggest takeaway was what the USDA had to say about 2018/19 new crop corn exports. The Ag Forum had 2019/19 corn exports at 1.9 billion bushels. I think we could see 2.1 to 2.2 billion in… 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.
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. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for… Read more.
Craig Turner gives his latest thoughts on the stock market correction. We also talk about the WASDE and our thoughts on corn, wheat, and soybeans. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to… Read more.
Craig Turner explains how the massive short VIX volatility trade cause the stock market to correct nearly 14% in only a few trading sessions. We see this crash as a normal correction and expect the stock market to continue to trade higher in the coming months. We explain why on the podcast. We finish with… Read more.