Play Turner's Take Ag Marketing Podcast Episode 303
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NEW PODCAST
We are back from Commodity Classic and thanks to everyone who came by the StoneX booth to say hello. Participation was better than I thought. I'd wager it was 75% to 80% attendance compared to years before the pandemic. It should be back to 100% next year. As for the podcast, we go over the macro markets, inflation, crude oil, grains, and oilseed. We also have a special guest interview with Cassie Adolf of StoneX about our new Farm Advantage app. Make sure you take a listen to this week's Turner's Take Podcast!
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FARM ADVANTAGE
StoneX prominently displayed our new Farm Advantage app at the Commodity Classic booth last week. It was a big hit. I'm positive we had the most booth traffic than anyone in our area by leaps and bounds. The Farm Advantage app was a big part of that. Farm Advantage is a free app and has quotes, charts, research, insurance info, weather, and cash bids based on zip code. For clients you can also access your account and our premium research. Please click here to check it out and download.
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UKRAINE/RUSSIA
Ukraine's Deputy Ag Minister said they will start planting soon. There is enough grain on storage to feed the population. My personal opinion is Ukraine plants more cereals and less oilseeds to ensure food security this year. Russia is expected to resume wheat exports from their Black Sea ports. Sovecon said that Russia's Black Sea terminals loaded 400K tonnes last week, and that vessels were coming in and out of the ports. They also noted "full navigation in the Azov Sea is still closed but some vessels are starting to pass through the Kerch Strait (to the Black Sea)." Russian and Ukraine grain and oilseeds will eventually make it to the export market but at a slower pace and a higher cost...