Turner’s Take podcast is out for July 24th. We go over our in-depth thoughts on the Crop Conditions report and where we thing corn, soybeans and wheat may trade between now and the August WASDE. Click here to listen to Turner’s Take podcastSOYBEANS | Soybeans Good to Excellent (G/E) crop progress was down 4% to 57%… Read more.
Daniels Trading commodity futures broker Craig Turner our price expectations for corn and soybeans between now and the August 10th WASDE report. Crop Conditions were bullish for soybeans, corn and spring wheat after the weekend rains proved bearish for prices. Topsoil and subsoil categories had high Short to Very Short ratings for the northern plains… Read more.
Daniels Trading commodity futures broker Craig Turner explains why we think grains are range bound between the pre July WASDE highs and the post WASDE lows. Crop Progress has been bullish for corn, soybeans, and spring wheat, but the market needs to see the USDA reducing production on the WASDE to break out to new highs in… Read more.
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.
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.