The grain markets may be range bound between now and potential summer weather issues.  The next WASDE is not for a few weeks and the next stocks and acreage report is not until the end of June.  We talk about why we like corn and spring wheat but are concerned about soybeans.

We also take a look at cattle and talk about why the market priced June futures down to 100 due to expected supply increases.  We take a look at what could happen in the next few months as cattle could go from large supplies to tighter supplies, as well as why the spreads could trade counter-seasonal.

Finally we take a look at Crude Oil, why we think the spreads are getting overvalued, and what we will be looking for when trading WTI spreads.

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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Turner’s Take was created to give traders and investors a window into the elusive world of LaSalle and Wall Street. My experiences at the NYSE, Goldman Sachs, NYU Stern and Daniels Trading have produced invaluable knowledge and contacts in our most vital capital markets. This wealth of experience and insight has proven to be a critical educational and investment vehicle for my clients and subscribers.

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