Play Turner’s Take Podcast Episode 189

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New Podcast!

I’m back from my family vacation/reunion and it doesn’t look like much has changed.  This Friday we have the Quarterly Stocks and June Planted Acres report.  I think stocks will be high as higher grain prices have hurt US exports.  I also think the Planted Acres report could disappoint the bulls.  Planted Acres are based on seeded and expected acres as of June 1.  Corn and soybean acres will probably be higher than what the market is trading currently.  Weather will be critical for the rest of the summer as the crops need a lot of heat, sunshine, and mild rains to minimize the damage already done.

Live Cattle

Live Cattle futures have run down far enough to price in the lows in the cash market this year.  Futures now look to be consolidating as cash prices bottom out.  Now we wait for a technical signal to confirm our fundamental bias.  We are not long cattle yet but once we see a reversal/breakout to the upside we want to get long October Cattle. I will write more about this in Turner’s Take Market Alert.  Stay Tuned!

October Live Cattle

About Turner’s Take Podcast and Newsletter

If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!

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: https://www.turnerstakeag.com

Turner’s Take Spec: https://www.turnerstake.com

Twitter: @Turners_Take

Contact Craig Turner