Play Turner's Take Ag Marketing Podcast Episode 347

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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 a listen to this week's Turner's Take Podcast!

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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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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 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 for Turner's Take Podcast episodes! Craig Turner - Commodity Futures Broker 312-706-7610 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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 listening to the podcast, please click here for Turner's Take Podcast episodes! Craig Turner - Commodity Futures Broker 312-706-7610 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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's Take Podcast episodes! Craig Turner - Commodity Futures Broker 312-706-7610 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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 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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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

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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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, please click here for Turner's Take Podcast episodes! Craig Turner - Commodity Futures Broker 312-706-7610 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

Play Turner's Take Ag Marketing Podcast Episode 339

If you are having trouble listening to the podcast, please click here for Turner's Take Podcast episodes!

New Podcast

Happy Holidays and Merry Christmas!  We will be closed on Monday, 12/26, the day the exchanges and banks observe Christmas Day.  It has been a slow week and most likely so will next week between the Christmas holiday and New Years. In this podcast we go over why we think energy prices could be higher over the next six months and also why grain and oilseeds could be lower.  I'm working from home next week so if you need to talk please call my cell phone.  If you are interested in our thought about Ag and Energy over the next few months, then 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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

Play Turner's Take Ag Marketing Podcast Episode 338

If you are having trouble listening to the podcast, please click here for Turner's Take Podcast episodes!

New Podcast

In this episode we talk about central banks raising interest rates this week.  The US Federal Reserve and Bank of England hiked rates by 50 basis points.  Last week the Bank of Canada raised rates by a half point too.  Macro markets are selling off as traders grapple with a hawkish Federal Reserve in 2023.  We then get into the energy and ag markets. We are still bullish on crude oil and heating oil.  Soybeans and corn seem to have more risk to the downside than wheat over the next few months.  We wrap up by looking at the major wild card in the grain market right now, S. American weather and what it can mean for prices.  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 [email protected] Turner's Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner