Grains & Oilseeds with Craig Turner
Turner’s Take Podcast: Grains Grind Lower
Play Turner’s Take Podcast Episode 206
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The grain markets continue to grind lower. There is little fresh bullish news so the path of least resistance is lower. There are three potential bullish catalysts for corn and soybeans:
* Lower yields in the Nov 8 WASDE report
* Phase One trade deal between US/China is signed Nov 16-17 in Chile
* South American weather issues
Until one of those stories develops in favor of the bulls, the CBOT is likely to grind lower as harvest pushes on. To hear an in-depth analysis take a listen to Turner’s Take Podcast!
Rough Rice
Rice could get real interesting very soon. Unfortunately it is too small a market to talk about in a newsletter or a podcast. If you are a client of mine please call and we can go over the potential move in rough rice. My direct line is 312-706-7610
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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
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Twitter: @Turners_Take
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