Daniels Trading commodity futures broker Craig Turner gives his quick take on the July 12th WASDE report. The USDA did not lower corn or soybean productions for new crop which made the report look bearish. Global stocks were higher across the board and bullish news like old crop soybean exports or the HRS wheat new… Read more.
Inside Commodity Futures
The Crop Progress report on Monday, July 10th was bullish for corn, spring wheat, and soybeans. G/E rating were down for all three and P/VP were higher. The July weather forecast suggests continued hot and dry conditions to much of the northern plains and western corn belt. Until these areas see relief due to moderate… Read more.
Daniels Trading commodity futures broker Craig Turner goes over the latest Crop Conditions report, the weather forecasts for July, and why they are both currently bullish for corn, soybeans, and spring wheat. We go over our carry play in corn, our outright bullish position in December corn, how we are getting bullish exposure to soybeans,… Read more.
Daniels Trading commodity futures broker Craig Turner goes over wheat, corn, soybeans and lean hogs. We explain why we thing the damage is done in the HRS wheat crop and what it also means for the KC vs Chicago wheat spread. We then go into why corn is rallying but the spreads are weaker, how… Read more.
Daniels Trading commodity futures broker Craig Turner goes over the June 30th Planted Acres and the Quarterly Grain Stocks reports. Acreage was bullish for soybeans and wheat while bearish for corn. Stocks were bullish for soybeans while bearish for wheat and corn. Spring Wheat acres were down lower than expected and traded to new highs. While… Read more.
I just dropped a new podcast. Click here for Turner’s Take Podcast | June 27th, 2017. We go in-depth on why I think corn is range bound for the rest of 2017, beans are likely to eventually trade sub $9.00, and now that Spring Wheat is testing $7.00 we could see it go to… Read more.
Daniels Trading commodity futures broker Craig Turner goes over our thoughts on corn and why we see new crop range bound between $3.60 and $3.95 for most of 2017. Soybeans may get a boost with short covering and weather issues, but at 90mm acres and a 48 yield, new crop stocks could be pushing 500mm… Read more.
Daniels Trading commodity futures broker Craig Turner discusses how the wheat complex continues to be the leader for all grain markets. Spring Wheat could have the 2nd lowest carryout in the market’s history which could be supportive of the whole wheat complex for the rest of 2017 and well into 2018. We also talk about our… Read more.
New Podcast: John Payne and I have out a new podcast. We talk about the soybean market and the interesting dynamic between an abundant old crop supply and a potentially tight new crop supply. Click here for our Inside Commodity Futures podcast Soybeans: The more we look at last week’s WASDE report the more bullish… Read more.
Tomorrow’s WASDE at 11 am central is one of the more significant USDA reports of the year. The May WASDE is notable because it is the first time the USDA publishes their supply and demand tables for new crop corn and soybeans. That means we get to see what the USDA thinks the ending stocks… Read more.