Play Turner’s Take Ag Marketing Podcast Episode 368

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The USDA’s September WASDE report was bearish for corn and soybeans vs expectations.  The US wheat numbers were neutral but Global Ending Stocks for 2023-24 was bullish.  This resulted in high protein wheat rallying after the WASDE while corn and soybeans sold off.  Corn likely finds a seasonal low over the next couple of weeks.  Soybeans remain tight until S. American harvest.  Soybean oil will continue to be in demand due to profitable margins and increasing biodiesel capacity.  Major exporter ending stocks will be almost as tight as they were in 2007!  Make sure you take a listen to the week’s Turner’s Take Podcast. For trade ideas and hedge recommendations, check out Turner’s Take Premium.

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If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 craig.turner@stonex.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner

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About Craig Turner

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.