Lower CPI and Core CPI readings have traders excited about the stock market again.  Better inflation numbers could lead to the Fed holding rates steady as opposed to a quarter point increase by the end of the year.  Crude oil is lower on better US production and lower demand out of China.  Natural gas production in the US is robust and temperatures have been unseasonably warm.  Oilseeds are leading the CBOT higher due to adverse weather for soybeans in S. America.  Spring wheat demand is strong in Canada and the US, but KC wheat production was higher than expected and exports have been lagging.  Corn looks to be the dog of the ag markets and can barely muster a rally during dry and scorching hot weather in Brazil.  For trade ideas and hedge recommendations, check out Turner’s Take Premium.  Also make sure to follow me on twitter (x) here: @Turners_Take

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Craig Turner is a Senior Broker at Daniels Trading, author of Turner’s Take newsletter, and a Contributing Editor for Grain Analyst. Craig is often quoted in the Wall Street Journal, Reuters, Dow Jones Newswire, Corn & Soybean Digest, and also makes appearances on SiriusXM – Rural Radio Channel 80 providing commentary for the Grain and Livestock markets. Craig has also been featured in FutureSource’s Fast Break series, Futures Magazine Online, and INO.com. Mr. Turner has a Bachelors from the Rensselaer Polytechnic Institute (RPI) where he graduated with honors and has worked at the NYSE and Goldman Sachs. While at Goldman, Craig earned his MBA in the NYU Stern executive program. Learn more about Craig Turner.