Play Turner's Take Ag Marketing Podcast Episode 372

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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.

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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