Play Turner’s Take Ag Marketing Podcast Episode 341 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The USDA released the Jan WASDE, Quarterly Stocks, and Winter Wheat Seedings report on Thursday. The USDA cut old crop corn and soybean production. Winter wheat acres are up 3.5 million from last year. Old crop corn exports were reduced due to high prices and US soybean exports are lower based on expectations of a large Brazilian harvest. We talk about all of that plus what to expect going forward. Make sure you take a listen to this week’s Turner’s Take Podcast! About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast… [Read More...]
Turner’s Take Podcast | Fed Raises Interest Rates; Argentina Hot/Dry For Next Two Weeks
Play Turner’s Take Ag Marketing Podcast Episode 343 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast This week we talk about the Bank of Canada and the US Federal Reserve each raising interest rates by 0.25% and why we think rates only go up another quarter or half point before stabilizing for the rest of the year. We take a look into energy and why we like summer and year end call spreads in crude oil. Finally we talk about canola, soybeans, wheat, and corn for both old crop and new crop. Old crop remains tight but new crop acres/trend yields lower prices by the end of 2023. We break it all down in this… [Read More...]
Turner’s Take Podcast | Ag Forum Leans Bearish for Corn and Soybeans
Play Turner’s Take Ag Marketing Podcast Episode 346 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The Ag Forum leaned bearish for new crop corn with 91 million acres, a 181.5 bpa trend line yield, and nearly a 1.9 billion carryout. That puts stock/usage at 13% and corn in an adequately supplied market. Soybean acres are projected to be 87.5 million, with a 52 bpa and 290mm bushel carryout. That puts stock/usage at 6.5% and still remains a tight market. Wheat acres up nearly 4 million and only increases ending stocks from 568 to 608 million. Wheat remains a tight market with MPLS and KC tighter than CHI. We go over the implications and were we see the markets going in… [Read More...]
Turner’s Take Podcast | Bank Failures Weigh On Ag Markets
Play Turner’s Take Ag Marketing Podcast Episode 349 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast Thanks to everyone who came by the StoneX booth last week to say high at Commodity Classic in Orlando, FL. This week we talk about the banking crisis and how it effected the grain markets. We also take a look into winter canola in the US and our expectations for the March 30 planting intentions report. Make sure you take a listen to this week’s Turner’s Take Podcast! 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… [Read More...]
Turner’s Take Podcast | Jan WASDE Next Week
Play Turner’s Take Ag Marketing Podcast Episode 340 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The commodity markets sold off start 2023 but stabilized by the end of the week. Investors and traders are concerned about global growth and recession. We talk about the macro markets, recession risks, and the upcoming January WASDE report next week. We also dive into OTC and structured products. Make sure you take a listen to this week’s Turner’s Take Podcast! 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 cturner@danielstrading.com Turner’s Take Ag… [Read More...]
Turner’s Take Podcast | Endings Stocks, Stock/Usage, and Days of Supply
Play Turner’s Take Ag Marketing Podcast Episode 345 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast In this podcast we take a deep dive into analyzing endings stocks, stock/usage, and days of supply. We talk how prices are ultimately determined by a combination of US ending stocks and global exporter ending stocks. Then we look at the trends over the years and why the market are more sensitive to tight wheat stocks compared to canola, soybeans, and corn. We break it all down in this week’s Turner’s Take Podcast! CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter If you are having trouble… [Read More...]
Turner’s Take Ag Markets | Christmas Surprise
CHRISTMAS SURPRISE | A few weeks ago my family decided to foster a dog we would be able to adopt after she got spayed. Illinois law says you can’t officially adopt a dog until they have been spayed/neutered. We did this with our first dog Zipper a couple of years ago and it was a great experience. The dog we are fostering now is some kind of poodle mix; about 1 year old. The rescue organization thinks she was a breeder dog who was released into the wild after having her first litter. They vet said she showed signs of being a recent mother. I thought we were lucky to get her because she came into the shelter just the day before. The kids named her… [Read More...]
Turner’s Take Podcast | S. American Weather Improving
Play Turner’s Take Ag Marketing Podcast Episode 342 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast This week we talk about the macro economy, US interest rate policy for 2023, corporate layoffs, the expected recession. We then dive into soybeans, canola, corn, winter wheat, and spring wheat. Farmers should be looking to clear out old crop and make more sales/hedges for new crop. Consumers need to make sure they are covered for the next two quarters but do not need to be aggressive with purchases for the second half of the marketing year or into 2024. We break it all down in this week’s Turner’s Take Podcast! About Turner’s Take Podcast and Newsletter… [Read More...]
Turner’s Take Podcast | New Crop Corn Projections are Bearish
Play Turner’s Take Ag Marketing Podcast Episode 344 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast This week we talk the strong US jobs numbers despite increasing interest rates and tech company layoffs. We then look at the energy markets and why we are bullish crude oil in the June to December time frame. We then talk about why the risk is to the upside in old crop grain/oilseeds but why we are bearish new crop corn, soybeans, and canola. We break it all down in this week’s Turner’s Take Podcast! About Turner’s Take Podcast and Newsletter If you are having trouble listening to the podcast, please click here for Turner&#… [Read More...]
Turner’s Take Podcast | Ag Seasonality Turns Bullish For Planting and Growing Season
Play Turner’s Take Ag Marketing Podcast Episode 347 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! New Podcast The grain and oilseed markets may have put in a winter/spring seasonal low this week. The Ag Forum reminded everyone ending stocks will increase year-over-year for many ag markets. S. America crop production losses are mostly priced in with Arg soybeans around 30 MMT and corn at 40 MMT. Seasonality tends to turn bullish for corn, wheat, soybeans, and canola in March, April, May and into June. Our long term view is bearish as commodities tend to revert back to the mean, but we could see some upside during the planting and growing season. Make sure you take… [Read More...]