Turner’s Take Podcast: Planted Acres Report Could Disappoint – June 25, 2019
Turner's Take Podcast

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I’m back from my family vacation/reunion and it doesn’t look like much has changed.  This Friday we have the Quarterly Stocks and June Planted Acres report.  I think stocks will be high as higher grain prices have hurt US exports.  I also think the Planted Acres report could disappoint the bulls.  Planted Acres are based on seeded and expected acres as of June 1.  Corn and soybean acres will probably be higher than what the market is trading currently.  Weather will be critical for the rest of the summer as the crops need a lot of heat, sunshine, and mild rains to minimize the damage already done.

Live Cattle

Live Cattle futures have run down far enough to price in the lows in the cash market this year.  Futures now look to be consolidating as cash prices bottom out.  Now we wait for a technical signal to confirm our fundamental bias.  We are not long cattle yet but once we see a reversal/breakout to the upside we want to get long October Cattle. I will write more about this in Turner’s Take Market Alert.  Stay Tuned!

October Live Cattle

October Live Cattle Chart

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If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!

While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert for spec traders and Turner’s Take Ag Marketing for hedgers. Want to know what to look for in the commodity futures markets? Take a listen to Turner’s Take podcast!

 

 

Craig Turner – Commodity Futures Broker
Turner’s Take Ag Marketing: https://www.turnerstakeag.com
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Twitter: @Turners_Take

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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.