In this week’s podcast we go over what Fed Chairman Jerome Powell meant when he told Congress inflation is no longer transitory. If inflation is not transitory then it is structural.
Prospective Plantings
Turner’s Take Podcast | Thanksgiving Week
Global exporter stocks of both wheat and corn remain tight. Inflation and historically low stock/usage levels keep grain prices elevated
Turner’s Take Podcast | Nov WASDE Supportive for Grains and Oilseeds
The November WASDE surprised traders by reducing the soybean yield 0.5 bpa to 51.2. The lower production offset weaker soybean exports and kept ending stocks steady
Turner’s Take Podcast | Inflation Nation
Higher food, energy and housing prices are impacting consumers in the US and abroad
Turner’s Take Podcast | Debt Ceiling Can Kicked to December
US Congress passed a deal to temporarily avoid the US from hitting the debt ceiling. The can has been kicked to December
Turner’s Take Podcast | Well, That Escalated Quickly
Natural Gas reached our winter price target by the end of September. This will be a volatile market straight through winter and into spring
Turner’s Take Podcast | Sept WASDE Neutral
The September WASDE was fairly neutral for corn, soybeans and wheat as most numbers came in as expected
Turner’s Take Podcast | Natural Gas Rallies and Grains Chop
Natural Gas rallies on lower than inspected injections while the CBOT chops as we head into Sept futures FND
Turner’s Take Podcast | August WASDE Bullish Corn & Wheat
The August WASDE was bullish corn and wheat while mildly bearish soybeans
Turner’s Take Podcast | US Lockdowns Coming?
We are hearing a lot of chatter about the WH and CDC recommending lockdowns starting in the 2nd or 3rd week of August