Daniels Trading commodity futures broker Craig Turner goes over our thoughts on corn and why we see new crop range bound between $3.60 and $3.95 for most of 2017.  Soybeans may get a boost with short covering and weather issues, but at 90mm acres and a 48 yield, new crop stocks could be pushing 500mm bushels and send Nov Beans below $9.00 by harvest.  Spring Wheat continues to charge higher.  Sept MW is now closing in on our original target of $7 and we think it can go even higher. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert newsletter.  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
cturner@danielstrading.com
Twitter: @Turners_Take
 
 


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Turner’s Take Ag Marketing | 2017 Corn Outlook – Turner’s Take Ag Marketing sees 2017 corn prices having a possible range from $2.90 to $4.25 given various supply and demand scenarios, with an end of season target price of $3.95. To find out more about how we determine the range of prices and our 2017 target price, please sign up below for our 2017 Corn Outlook Report from Turner’s Take Ag Marketing.
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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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