Corn, wheat, and soybeans will need to have trendline yields or better to get ending stocks back to adquate supply levels
WASDE
Turner’s Take Podcast | Jan WASDE Bearish SRW Wheat and Bullish Soybeans
The January WASDE was bearish SRW wheat due to an increase in acres and bullish soybeans as global stocks declined
Turner’s Take Podcast | Bullish Grains, Hawkish Fed
Grains and oilseeds are bullish on S. American weather concerns while the Fed minutes were much more hawkish than expected
This Year in Grain and Oilseeds- 2021
Happy New Year US M2 US FOMC Balance Sheet Velocity of M2 CORN CORN Recording Open: 487.5 High: May 7 – 735.25 Low: Jan 4- 479.5 US Yield: 177.0 SOYBEANS BEANS 12/31 Open- 1319.25 High- 1667.5, May 12 Low- 1181.25, November 9 Yield – 51.2 COTTON COTTON 12/31 Open- 78.25 High- 121.67 Low- 78.25 US… Read more.
Turner’s Take Podcast | Macro Market Fears vs South American Weather
The CBOT wanted to go higher on adverse S. American weather but many markets were pressured lower due to omicron shutdown concerns
Friday AM in Grain and Oilseeds 12/17
Quiet night at the CBOT for feed grains, soybeans give back yesterday’s gains. Cotton cant buy a rally amidst falling conditions.
Turner’s Take Podcast | Dec WASDE Mixed
The USDA’s Dec WASDE was bearish wheat, neutral corn, and bullish for soybeans
This Week in Grain and Oilseeds 12/6-12/10
Quiet night at the CBOT for feed grains, soybeans give back yesterday’s gains. Cotton cant buy a rally amidst falling conditions.
Turner’s Take Podcast | Fed Chairman Powell Says Inflation No Longer “Transitory”
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.
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