The US-China trade dispute escalated when President Trump announced he wants $200 billion more in tariffs against Chinese goods.  China then came out and said they will respond appropriately.  Meanwhile, the markets panic and soybeans trades 66 cents lower on the trade news before rallying 40 cents off the intra-day bottom.

No one likes trading, hedging, or marketing when prices are this volatile.  We think we could be seeing a bottom in soybeans and corn but we are concerned wheat has not come down enough.  On the podcast we talk about why the markets can move so fast in days of great uncertainty and how the low margin requirements at the CBOT did not help matters at all.

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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