In our latest podcast we go over why the stock market has rallied, why we could see some weakness due to a “double top”, and why we like buying the breaks. We are excited about the new micro emini S&P 500 contract and we explain why and how we are going to use it. We then dive into the hogs and why we think it will be a long bull market in the deferred contracts. Cattle may have some issues as the fats reverse on the chart and feeders are not looking good either. The grain markets have been very bearish and we explain the reasoning behind the funds massive short position and how we have to trade the grain markets going forward. Make sure you check out this week’s Turner’s Take Podcast!
Inside Commodity Futures
The latest US economic reports have been positive for the economy. The grain markets lack a bullish catalyst to get the funds out of their record short positions. Hogs continue to be supported but Cattle may have a hard time sustaining rallies. Crude Oil seems to be range bound and that is how we plan to trade it. Make sure you check out this week’s Turner’s Take Podcast!
The USDA released their April WASDE yesterday and it was bearish corn as expected. Much of the bearish news was already priced in after the March Quarterly Stocks report. In the podcast we go over the recent Fed comments, an update on the US/China deal, why we see the grain markets as range bound, our bullish view on hogs, our bearish view on cattle, and what we are waiting on before we take a position in crude oil. Make sure you check out the latest episode of Turner’s Take Podcast!
One March 29th the USDA shocked the corn market as Quarterly Stocks came in 270mm bushels higher than expected. New crop corn acre expectations are set at 92.8mm! Old crop closed 17 cents lower on the day and new crop was down 12. While the markets have recovered some, the damage is done and it has caused us to do a rethink on potential price ranges this year. Listen to Turner’s Take Podcast to find out more!
In our new podcast we go over the recent FOMC decision to put a hold on interest rate hikes and unwinding the Fed’s balance sheet. We go over how ASF in China has lead to the Chinese buying pork from the US. We also go over the flooding in the the western Midwest and northern Plains and what it means for corn, soybeans and wheat. Make sure you take a listen to this week’s Turner’s Take Podcast!
Drew Rathgeber’s latest market update for 3.19.19 for all of your favorite markets including Dow Jones, Emini S&P, Gold, Silver, Euro, Lean Hogs, Corn and many more! Watch as Drew gives a simple market commentary purposely using his simple strategy “Rath Overlay” which is nothing more than basic guidance cutting out all market noise!
In our new podcast we go over the macro economy, the latest in the US/China deal, the wheat reversal, why we like corn, hogs, and crude but we don’t love cattle!
We are back from Commodity Classic in Orlando, FL! Thanks for everyone who came by booth 1061 and said hello. We had a lot of Turner’s Take Podcast listeners come by. That was great and made the trip worth it. I tried to do a podcast from our booth but the sound quality was awful. Oh well. In our podcast today we go over what we heard at Commodity Classic, the US/China trade deal, and our outlook on grains, livestock, and energy. Make sure you check out our latest episode of Turner’s Take Podcast!
The macro markets are turning bullish as the US government nears a budget deal and the US & China make progress on trade. The S&P is now above the 200 day moving average. This should all be supportive of the overall markets. Ag and Energy traders will be watching the US/China negotiations at all times. We go over our ideas on corn, soybeans, crude, RBOB gasoline, hogs, cattle, coffee, sugar, and cotton. Make sure you take a listen to the podcast!
What moved the Oil and Gas Futures markets higher today? We discuss the Saudi Arabian Production Cuts, US Sanctions on Venezuala, & more.