Grains & Oilseeds with Craig Turner

In this episode we go over why a Fed cut in 2024 is now unlikely. We talk about the value in Natural Gas and why Crude Oil may be range bound. We then go into why we are neutral/bearish on corn and soybeans, but also why Chicago Wheat has the best bullish story on the CBOT. Make sure to register for our Marketing Corn in a Low-Priced Environment webinar. We will go over how we determine if crops are in tight, adequate, or burdensomely supplied markets. Then we estimate price ranges for old crop and new crop using stock/usage estimates, seasonality, and technical analysis. Finally we take all of this information and determine what strategies are appropriate for trading, marketing, and hedging based on stock/usage ranges. We will also go into detail the types of option, spread and futures strategies we recommend. Please click here to register for Marketing Corn in a Low-Price Environment https://stonex.cventevents.com/event/GrainsOilseedWebSeries/summary Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Make sure to register for our Marketing Corn in a Low-Priced Environment webinar. We will go over how we determine if crops are in tight, adequate, or burdensomely supplied markets. Then we estimate price ranges for old crop and new crop using stock/usage estimates, seasonality, and technical analysis. Finally we take all of this information and determine what strategies are appropriate for trading, marketing, and hedging based on stock/usage ranges. We will also go into detail the types of option, spread and futures strategies we recommend. Please click here to register for Marketing Corn in a Low-Price Environment https://stonex.cventevents.com/event/GrainsOilseedWebSeries/summary Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Tanner Beymer, the Senior Director of Government Affairs for the National Cattlemen's Beef Association (NCBA), joins the show to talk cattle, risk management, and LRP. We take a deep dive into how LRP helps cattlemen manage risk and why everyone should be using it. If you are interested in knowing more about LRP please email craig.turner@stoneX.com and we will send you more information. For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Krista Swanson, the Lead Economist for the National Corn Growers Association (NCGA), joins the show to talk corn demand and policy. We dive into higher ending stocks for 2024/25, the GREET model and what is still being worked out in DC, and potential demand drives for corn/ethanol going forward. If you want to know more about the NCGA, please email Krista Swanson at swanson@ncga.com. ONLINE TRADERS - StoneX has a fantastic online trading solution for both computers and smart phones. Quotes, charts, options, futures spreads, margin calculators, advanced order entry, icebergs, and much more. If you are interested in online trading you have to check this out: https://hubs.li/Q02mgYcJ0 For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

The WASDE was neutral for corn, soybeans and wheat. Corn seems particularly range bound this year while soybeans and wheat do have better fundamentals for weather rallies. Make sure you listen to the interview at the end of the podcast with Ian Finn & Jake Stagner of the StoneX Commodity Solutions team as they explain how you can make physical sales through StoneX directly and still have control over your basis and delivery location. ONLINE TRADERS - StoneX has a fantastic online trading solution for both computers and smart phones. Quotes, charts, options, futures spreads, margin calculators, advanced order entry, icebergs, and much more. If you are interested in online trading you have to check this out: https://hubs.li/Q02mgYcJ0 For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Ian Finn and Jake Stagner of StoneX Commodity Solutions joins us to talk about their enhanced no margin grain marketing programs. Hosted by Craig Turner, we discuss the SCS group's managed bushel Merchants Plus program and their no margin Farmer Direct physical sales program. Farmers can use StoneX to lock in prices on the board and utilize custom products to enhance sales for physical bushels and then choose who they deliver to and when. Farmers keep the basis open and still have control of who they want to use for delivery. For more information about no margin grain marketing, Farmer Direct, and the Merchants Plus program, please contact Craig Turner at 312-706-7610 or email Craig.Turner@StoneX.Com For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Come see me, Josh Linville, Arlan Suderman, and Mark Gold at the StoneX booth #2013 at Commodity Classic in Houston today and tomorrow! For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

The Ag Forum has new crop endings stocks for corn, soybeans, and wheat expanding during the 2024/25 marketing year. Corn could be 2.5 billion and 18% stock to usage. Bearish! Soybeans at 87.5mm acres, a 52 yield, and 400 carryout is neutral but prices are still historically elevated. Wheat acres are lower but a higher yield increases ending stocks to around 700mm. Moral of the story is the grain and oilseed markets are transitioning from tight/adequate stocks levels to adequate/burdensome stock levels. For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

The USDA's Feb WASDE was bearish for soybeans and neutral for wheat and corn. The path of least resistance is lower until the funds have a reason to cover shorts. Old crop prices need to fall in order to find demand. New crop prices need to decline in order to reduce acres. The funds are about as short as they've ever been for this time of year. Soybeans are still relatively tight and have the most downside risk of all the major grain and oilseed CBOT markets. For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. Also make sure to follow me on twitter (x) here: @CornWheatSoy Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com X: @CornWheatSoy

Corn, soybeans, and srw wheat all put in bullish key reversals on the charts yesterday. A bullish key reversal is when the market is in a downtrend, the open is lower then the prior days open, the low is the lower than the prior days low, but then the market closes above the prior day's high. For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. For trade ideas and hedge recommendations, check out Grains & Oilseeds Premium. Also make sure to follow me on twitter (x) here: @CornWheatSoy CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Free Weekly Newsletter: Grains & Oilseeds with Craig Turner - Free Weekly Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Coming Soon! X: @CornWheatSoy

The Jan WASDE was bearish for corn and soybeans but bullish for wheat. Turner's Take is changing it's name to Grain & Oilseed with Craig Turner in order to fully integrate with StoneX. For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter. or trade ideas and hedge recommendations, check out Grains & Oilseeds Premium. Also make sure to follow me on twitter (x) here: @CornWheatSoy CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Free Weekly Newsletter: Grains & Oilseeds with Craig Turner - Free Weekly Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers Premium Daily Newsletter for Consumers: Coming Soon! X: @CornWheatSoy

The Jan WASDE is Friday and we have some thoughts on corn, wheat, and soybeans. Turner's Take is changing it's name to Grain & Oilseed with Craig Turner in order to fully integrate with StoneX. For trade ideas and hedge recommendations, check out Turner’s Take Premium. Also make sure to follow me on twitter (x) here: @Turners_Take CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Weekly Newsletter: www.turnerstake.com Premium Newsletter: https://subscribe.stonex.com/turners-take-premium X: @Turners_Take

SRW exports are larger than HRW for the first time I can remember. Corn looks rangebound and soybeans are tight. We go over grains, energy and why money flow might be coming back into the commodity markets again.

Play Turner’s Take Ag Marketing Podcast Episode 375 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast Newly elected libertarian Argentine President Javier Milei’s government is acting quick on campaign promises. Argentina will cut the value of their Peso by 50% as part of their “shock therapy” to try to rescue their failing economic system. Economy Minister Luis Caputo also announced deep cuts to public spending, government agencies, and energy subsidies The current inflation rate in Argentina is 150%. Debt is spiraling out of control. Previous Arg governments had kept the Peso artificially high and the devaluation should put the Peso closer to it’s real value. The reason we are talking about this today is the effect it will have on the Grain & Oilseed markets. Arg corn, soybeans, and wheat will all be much more competitive on the export market. Farmers will likely not sell at first, because it will take time for inflation to come down (and might even get worse before it gets better). Milei did not cut export taxes & tariffs on soybeans. He may keep those tariffs and put a tax of 15% on other grains markets. The initial concern was Arg farmers would flood the global ag markets if the peso was devalued, inflation came under control, and the tariffs were lowered. That does not seem to be the case a the moment. The government needs to reign in inflation, cut spending, and keep revenues high, and tariffs on ag exports are a big revenue generator for Argentina to help pay off their massive debts. We’ll see how the market reacts today to the news in Argentina but weather in S. America and US/Canada export demand likely continue to be the major determining factors for price discovery. For trade ideas and hedge recommendations, check out Turner’s Take Premium. Also make sure to follow me on twitter (x) here: @Turners_Take CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial...

Play Turner’s Take Ag Marketing Podcast Episode 374 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast I’ll be at the Nebraska Ag Expo next week with StoneX at booth #3100. If you are there please come on by and say hello! The balance sheets for corn and canola are concerning. Wheat may be tight for another five months but a good winter wheat crop in the N. Hemisphere solves a lot of tightness in that market. Soybeans are tight but a decent S. American crop and increased US acres in 2024 means lower prices. Canola has an export demand problem. Crush may increase 1 MMT this year but exports could be down 2 MMT. For trade ideas and hedge recommendations, check out Turner’s Take Premium. Also make sure to follow me on twitter (x) here: @Turners_Take CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio Channel 80 providing commentary for the Grain...

Play Turner’s Take Ag Marketing Podcast Episode 373 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast Lower CPI and Core CPI readings have traders excited about the stock market again. Better inflation numbers could lead to the Fed holding rates steady as opposed to a quarter point increase by the end of the year. Crude oil is lower on better US production and lower demand out of China. Natural gas production in the US is robust and temperatures have been unseasonably warm. Oilseeds are leading the CBOT higher due to adverse weather for soybeans in S. America. Spring wheat demand is strong in Canada and the US, but KC wheat production was higher than expected and exports have been lagging. Corn looks to be the dog of the ag markets and can barely muster a rally during dry and scorching hot weather in Brazil. For trade ideas and hedge recommendations, check out Turner’s Take Premium. Also make sure to follow me on twitter (x) here: @Turners_Take CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst....

Play Turner’s Take Ag Marketing Podcast Episode 372 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The Federal Reserve kept interest rates elevated after their meeting on Wednesday but traders are more optimistic for rate cuts in 2024 than they were before the meeting. Stocks have rallied over the past couple of days and the Fed Funds futures are pricing in interest rate cuts starting next summer. Corn is range bound while soybeans is rallying due to weather concerns in C. and N. Brazil. Spring wheat demand is strong in Canada and the US, and keeps MPLS elevated. SRW wheat is competitive on the global market and should be good for continued export demand. The canola crop is likely bigger than what the USDA and Stats Canada previously estimated, and that is weighing on canola futures. For trade ideas and hedge recommendations, check out Turner’s Take Premium. CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn...

Play Turner’s Take Ag Marketing Podcast Episode 370 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The funds are now short corn, wheat, and soybeans. US harvest is nearly 50% complete for corn and soybeans. Canada is wrapping up canola and spring wheat. Demand is poor and fund managers are building short positions in corn, wheat, and now soybeans. If we are going to see a post-harvest rally, N. American grain markets need better export demand for wheat, corn, soybeans, and canola. For trade ideas and hedge recommendations, check out Turner’s Take Premium. CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio Channel 80 providing commentary for the Grain and Livestock markets. Craig has also been featured in FutureSource’s Fast Break series, Futures Magazine Online, and INO.com. Mr. Turner has a Bachelors from the Rensselaer Polytechnic...

Play Turner’s Take Ag Marketing Podcast Episode 369 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The Federal Reserve kept interest rates steady but they intend to keep rates above 5% through 2024. Mexico is now the US’ largest trading partner, with Canada a very close second. China is a distant third and that is not helping demand for grains and oilseeds. Crude oil continues to rally even in the face of bearish news as supply/demand fundamentals get more bullish. Finally, we talk about harvest pressure and why corn, soybeans, canola, and wheat will have a hard time rallying for the next few weeks. Make sure you take a listen to the week’s Turner’s Take Podcast. For trade ideas and hedge recommendations, check out Turner’s Take Premium. CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio Channel 80 providing commentary for the Grain and...

Play Turner’s Take Ag Marketing Podcast Episode 368 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The USDA’s September WASDE report was bearish for corn and soybeans vs expectations. The US wheat numbers were neutral but Global Ending Stocks for 2023-24 was bullish. This resulted in high protein wheat rallying after the WASDE while corn and soybeans sold off. Corn likely finds a seasonal low over the next couple of weeks. Soybeans remain tight until S. American harvest. Soybean oil will continue to be in demand due to profitable margins and increasing biodiesel capacity. Major exporter ending stocks will be almost as tight as they were in 2007! Make sure you take a listen to the week’s Turner’s Take Podcast. For trade ideas and hedge recommendations, check out Turner’s Take Premium. CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner Contact Daniels Trading To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention Craig Turner. Risk DisclosureThe StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. © 2023 StoneX Group Inc. All Rights Reserved About Craig TurnerCraig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio...