HRW Wheat is leading the grain markets higher.  Dry conditions, limited snow cover, and poor ratings have sent KC wheat up 50 cents in a week!  SRW is up about 35 to 40 in the same time. Corn is up 10 cents as a follower.  Soybeans have rallied but can’t break through the old highs.  Dry and hot conditions in Argentina have been in the news but we are hearing Brazil will make up for some losses.  We also discuss why we are long term bullish on wheat for the next year or two.

While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers.  Want to know what to look for in the commodity futures markets?  Take a listen to Turner’s Take podcast!

 

 

Craig Turner – Commodity Futures Broker

Turner’s Take Ag Marketing http://www.turnerstakeag.com

Turner’s Take Futures Spreads http://www.turnerstake.com

312-706-7610

Twitter: @Turners_Take

 

 

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Turner’s Take Ag Marketing | 2018 Corn Outlook – Turner’s Take Ag Marketing sees 2018 corn prices having a possible range from $3.15 to $4.50 given various acreage, supply and demand scenarios, with an end of season target price of $3.70. Find out more about how we determine the range of prices, our suggested marketing strategies, and our 2018 target prices.

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