Grains & Oilseeds with Craig Turner
Turner’s Take Podcast: Coronavirus, Fed Rate Cut, and the Biden Surprise
Play Turner’s Take Podcast Episode 221
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New Podcast
Just a quick update this afternoon. The new podcast is out. We go over the economic impact of coronavirus, the fed interest rate cut, and why the markets trader higher when Biden started winning on Super Tuesday. We go over out outlook on grains, livestock and energy. Make sure you take a listen to this week’s Turner’s Take Podcast!
Markets we talk about:
* Interest Rates – Two year notes are close to all time highs. We are watching for signs of a reversal. Once the coronavirus fears subside we want to get short notes/bonds
* Corn – we like buying dips in old crop and selling rallies in new crop.
* Wheat – we like selling rallies
* Soybeans – we want to buy the breaks. Old crop and new crop are projected to be adequate and any crop issue or increased demand could tighten the balance sheets fast
* Livestock – hogs and cattle are at good support levels. We want to start building a small bullish position in livestock
* Energy – crude in the mid $40s is a nice play to start getting a little long. Take a look at the July vs Dec crude oil spread.
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About Turner’s Take Podcast and Newsletter
If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
Craig Turner – Commodity Futures Broker
Turner’s Take Ag Marketing: https://www.turnerstakeag.com
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Twitter: @Turners_Take
Contact Craig Turner
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Turner’s Take Newsletter & Podcast – Turner’s Take is a complimentary weekly market commentary newsletter that covers the Grain, Livestock and Energy futures spread markets using fundamental, technical and seasonal analysis.
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