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.
Daniels Trading commodity futures broker Craig Turner discusses how the wheat complex continues to be the leader for all grain markets. Changes to the weather models will be of high interest this weekend so keep an eye on the open Sunday night! Continued dry and hot conditions could push wheat up another leg higher next week… Read more.
CLICK THE PLAY BUTTON BELOW TO LISTEN TO THE PODCAST Daniels Trading commodity futures broker Craig Turner discusses how Spring Wheat is leading the grain markets higher…again! Spring Wheat G/E was down 10% on Monday, coming in at 45% this week compared to 55% last week and 62% the week before that. We talk about… Read more.