Prospective Plantings

US Congress passed a deal to temporarily avoid the US from hitting the debt ceiling. The can has been kicked to December

Natural Gas reached our winter price target by the end of September. This will be a volatile market straight through winter and into spring

The September WASDE was fairly neutral for corn, soybeans and wheat as most numbers came in as expected

Natural Gas rallies on lower than inspected injections while the CBOT chops as we head into Sept futures FND

The August WASDE was bullish corn and wheat while mildly bearish soybeans

We are hearing a lot of chatter about the WH and CDC recommending lockdowns starting in the 2nd or 3rd week of August

Macro Markets Crash and bring down energy, grains, and oilseeds

Fed Minutes, Energy, and Grains

The June 30th Acres and Stocks Report is next Wednesday at 11 am central.

This is the kind of volatility you can get when crop stocks are tight and new crop stocks are projected adequate-to-tight.  The summer weather volatility can be off the charts.  Expect more of the same over the next few weeks.  In our latest podcast we go over how to trade, hedge and market in these periods. Make sure you take a listen to this week’s Turner’s Take Podcast!