Play Turner’s Take Ag Marketing Podcast Episode 346

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The Ag Forum leaned bearish for new crop corn with 91 million acres, a 181.5 bpa trend line yield, and nearly a 1.9 billion carryout.  That puts stock/usage at 13% and corn in an adequately supplied market.  Soybean acres are projected to be 87.5 million, with a 52 bpa and 290mm bushel carryout.  That puts stock/usage at 6.5% and still remains a tight market.  Wheat acres up nearly 4 million and only increases ending stocks from 568 to 608 million.  Wheat remains a tight market with MPLS and KC tighter than CHI.  We go over the implications and were we see the markets going in this week’s Turner’s Take Podcast!

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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 cturner@danielstrading.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.