Play Turner’s Take Podcast Episode 242
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Corn & Soybean Yield Survey – StoneX
In today’s podcast we go over what above trend corn and soybean yields mean for prices in Aug and September.  StoneX (formerly FC Stone) released their latest farmer survey for new crop corn and soybean yields.  Corn is estimated at 182.4 bpa and soybeans at 54.2 bpa.  If these are close to the actual yield numbers than new crop corn ending stocks are very close to 3 billion and new crop soybean ending stocks is pushing 800mm.  This implies harvest lows sub $3 for corn and low $8 for soybeans.  At those ending stocks levels Dec corn could still fall another 25+ cents and soybeans 50+ cents.  Make sure you take a listen to Turner’s Take Podcast!!!
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StoneX Corn & Soybean Yield Survey Results

 
About Turner’s Take Podcast and Newsletter

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Craig Turner – Commodity Futures Broker
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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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