The markets are quiet as we start September.  Corn and Soybean remains range bound while Wheat grinds lower due to lack of bullish news.  The WASDE is next week and that has the potential to get the grain and oilseed markets moving again.

We expect cattle to be range bound while hogs are bearish in the near months but bullish in the deferred months with Swine Flu hitting China.  Crude spreads tend to turn bullish this time and year while natural gas spreads tend to turn bearish.

We see opportunity in the grain markets (corn and wheat) but we are concerned for soybeans.  A large crop on record acres and no Chinese demand makes for poor pricing opportunities.

If you are having trouble listening to the podcast, then 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 http://www.turnerstakeag.com

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

312-706-7610

Twitter: @Turners_Take

 

 

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