Grains & Oilseeds with Craig Turner Craig Turner and StoneX

In this episode we go over the July WASDE. The report was very bearish for wheat. It was bullish for old crop corn and neutral for soybeans. The path of least resistance is still lower for the next six to eight weeks.Also, make sure you click on the link below and register for our webinar on August 28th:Harvest and Storage Marketing Strategies for Corn and Soybeans (https://stonex.cventevents.com/event/GrainsOilseedWebSeries/summary)Craig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)

In this episode we go over the June 28th Acreage and Quarterly Stocks Report. We are bearish corn and soybeans for the next couple of months but the lows may already have been made in wheat and soybean oilAlso, make sure you click on the link below and register for our webinar on August 28th:Harvest and Storage Marketing Strategies for Corn and Soybeans (https://stonex.cventevents.com/event/GrainsOilseedWebSeries/summary)Craig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)

In this episode we go over the June 12 WASDE and what is means for corn, wheat and soybeans. We also talk about what to expect in the June Acreage report and the July WASDE. Finally we talk about how low prices can discourage 2025 acres and what it takes to get corn to $6 and soybeans in the teens.Craig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)

US and Canada planting weather premiums have come out of the market for corn, wheat, soybeans, and canola. The market is comfortable enough with planting progress to move on to the growing season. The weather does get hotter in the forecast but there is also much improved soil moisture compared to the past few years.Grains and oilseeds are getting to price levels in the US that are starting to be more competitive with S. America and the Black Sea. They say "low prices cure low prices" and the market will be looking for increased export demand on any big price declines going forward.Farmers need to sell rallies, consumes can hold off on coverage until the fall, and I think everyone should look to buy the harvest lows come Sept/Oct. There is a chance we could get to price levels that are at (or below) the cost of production and it is either going to spark old crop demand or reduce new crop acres.Craig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)

In this episode we go over the rally in wheat and what it means for prices in 2024/25. We also talk about the speculation in sub 90mm corn acres and why soybeans are likely just a follower with more downside potential than upside.Craig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)

In this episode we share our pre-WASDE thoughts. The May WASDE is the first time we see the USDA's supply and demand estimates for new crop corn, soybeans, and wheatCraig Turner – Commodity Futures Broker312-706-7610craig.turner@stonex.com (mailto:craig.turner@stonex.com)X: @CornWheatSoy (https://twitter.com/CornWheatSoy)