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.
Inside Commodity Futures
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.
We recorded a new podcast yesterday afternoon. John and I about the USDA’s Planting Intention report, the 93.6mm corn acre surprise, and what we think that means for prices. Inside Commodity Futures | 93.6 Million Corn Acres!!! CORN | With the USDA Planting Intentions report in mind and the WASDE on deck, I think we… Read more.
I hope everyone is doing well. This is short trading week because the markets and Daniels Trading is closed on Good Friday. I will be out of the office next week for Spring Break with my wife and four children (7 years old, 5, 3, and 1)…PARTY!!!! John Payne and I just put out our… Read more.