One March 29th the USDA shocked the corn market as Quarterly Stocks came in 270mm bushels higher than expected.  New crop corn acre expectations are set at 92.8mm!  Old crop closed 17 cents lower on the day and new crop was down 12.

In our new podcast we go over the recent FOMC decision to put a hold on interest rate hikes and unwinding the Fed's balance sheet.  We go over how ASF in China has lead to the Chinese buying pork from the US.

In our new podcast we go over the macro economy, the latest in the US/China deal, the wheat reversal, why we like corn, hogs, and crude but we don't love cattle! 

We are back from Commodity Classic in Orlando, FL!  Thanks for everyone who came by booth 1061 and said hello.  We had a lot of Turner's Take Podcast listeners come by.  That was great and made the trip worth it.

The macro markets are turning bullish as the US government nears a budget deal and the US & China make progress on trade.  The S&P is now above the 200 day moving average.  This should all be supportive of the overall markets.

The WASDE came out today and all the estimates came out as expected.  I can not remember a more uneventful report with so much data being released.  It is clear that the market is waiting on a US/China trade deal resolution.

The US and China reached a trade truce over the weekend at the G20 meeting. For now the market is cautiously optimistic about the deal. Shorts covered today but we did not see new buying. For the markets to rally further we need to see real export d...

The G20 meeting is Friday and Saturday in Argentina.  The G20 is a group of leading economic nations who get together to address pressing economic issues.  During this meeting nations will get together who need to address specific issues just between t...

Happy Thanksgiving! In this week's podcast we go over the big movement in Natural Gas. Then, I talk about some of the special podcasts I plan to do, like trading in limit markets, in-depth looks at the spread markets, and many more.

Stocks and crude oil have been lower since late September. The US midterms have helped stabilize the stock market but crude oil is still lower due to increased output and concerns of global growth slowing.