Wheat has rallied over 40 cents in the past 10 days as world weather becomes a concern. Canada, Australia, Argentina, Russia, and the US are all experiencing weather issues with their wheat crops. The US and China have a preliminary agreement for China to increase their imports of US Ag goods by $25 billion a… Read more.
The grain markets may be range bound between now and potential summer weather issues. The next WASDE is not for a few weeks and the next stocks and acreage report is not until the end of June. We talk about why we like corn and spring wheat but are concerned about soybeans. We also take… Read more.
The USDA released their May 2018 WASDE yesterday and the results were mixed. On the surface the report was bullish for new crop corn but the market was looking for a bullish number. New crop corn ending stocks were 1.682 billion bushels, which is 500mm bushels lower than the old crop ending stock estimates. The… Read more.
The trade dispute between the USA and China continues and will weigh heavier on soybeans and lean hogs as we approach the May 22 tariff start date. Corn planting has gone well in the US and the Brazil crop is finally getting some rain. HRW wheat is making new highs and we think HRS wheat… Read more.
Hot and dry weather in Brazil is causing concern for their safrinha corn crop. A ridge has formed and it could impact the 2nd crop corn for the next 10 to 14 days. Corn has come down in the past week or two as the Argentina bull market has ended and it is still too early to get excited… Read more.
The grain markets are lacking direction as the South American weather markets are over and we are too early to have US weather markets for planting. I think we are setting up for tighter new crop corn stocks, larger new crop soybean acres, and less spring wheat acres. Take a listen as we talk about… Read more.
The USDA’s April WASDE report was released yesterday. The report was generally as expected. The USDA may have signaled a big increase in new crop corn export demand in their executive summery. Will not see new crop numbers until the May WASDE but this part of the report caught my eye and it is why… Read more.
Corn acres are estimated at 88mm acres according to the USDA and soybeans are 89mm. This is setting up for a bullish spring and summer if we have planting delays or hot/dry growing weather. The Chinese tariffs on soybeans could put a damper on grain prices but in this podcast we go over how it… Read more.
The corn market rallied 40 cents from Jan to March and then gave back 20 cents in about a weeks time. We are now at the 50% retracement level and we expect corn to chop until Planting Intentions next week. If the USDA reports 89mm acres and we assume a 175 yield, new crop ending… Read more.
Craig Turner explains why the grain markets are likely to consolidate between now and the March 30 Grain Stocks and Planting Intentions report. Now that the damage is done in South America, the market should start to focus on US new crop acres, exports, and ending stock projections. We also talk about cattle, hogs, crude oil… Read more.
Craig Turner discusses the latest weather market in South America and how we are trading and marketing corn, soybeans, and wheat as a result of the recent rallies. Corn has paused but could continue to go higher based on how much crop has been lost. The market is pricing in about a 25% reduction in… Read more.
Craig Turner discusses the latest weather market in South America and how we are trading and marketing corn, soybeans, and wheat as a result of the recent rallies. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for… Read more.
Craig Turner gives his latest thoughts on the stock market correction. We also talk about the WASDE and our thoughts on corn, wheat, and soybeans. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to… Read more.
Craig Turner explains how the massive short VIX volatility trade cause the stock market to correct nearly 14% in only a few trading sessions. We see this crash as a normal correction and expect the stock market to continue to trade higher in the coming months. We explain why on the podcast. We finish with… Read more.
HRW Wheat is leading the grain markets higher. Dry conditions, limited snow cover, and poor ratings have sent KC wheat up 50 cents in a week! SRW is up about 35 to 40 in the same time. Corn is up 10 cents as a follower. Soybeans have rallied but can’t break through the old highs. … Read more.
Thank you to Farmland Partners who had me speak at their Tenants Appreciation conference last week. Denver, CO is awesome! I do speak at conferences, farmer meetings, banker events, etc. Feel free to reach out any time! I am getting bullish on corn and wheat and to some extent soybeans. There is a bull story… Read more.
The post Turner’s Take Podcast: January 16, 2018 | Jan WASDE Implications appeared first on Daniels Trading.
Craig Turner dives deep into the Jan WASDE and explains our takeaways. We feel the surprise in Winter Wheat Seedings is a sign of lower corn acres in 2018. Take a listen and find out why. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for… Read more.
The post Turner’s Take Podcast: January 9, 2018 | WASDE Report Friday appeared first on Daniels Trading.
Craig Turner discusses the grain markets and what we are expecting in the WASDE at the end of the week. We also talk about our the S&P 500, livestock and energy markets. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s… Read more.
The post Turner’s Take Podcast: January 3, 2018 | HRW Wheat Leads Grains Higher appeared first on Daniels Trading.
Happy New Year! In this episode we talk about the renewed interest in commodities from hedge funds. We also talk about why we think corn is range bound, the problem with soybeans, and why wheat can rally due to winter kill. We also go over our thoughts on the S&P 500, crude oil and natural… Read more.
The post Turner’s Take Podcast: December 27, 2017 | Happy New Year! appeared first on Daniels Trading.
Happy New Year! In this episode we talk about our thoughts on the US Tax Cuts and how it is supportive for growth, the stock market, and commodities. We also go over why we are neutral/bullish on corn and wheat but cautious about soybeans. Improved US and Global growth should be bullish for grains, livestock,… Read more.