))
Grains & Oilseeds with Craig Turner | Feb WASDE Bearish Soybeans
Manage episode 400135746 series 3019565
Content provided by Craig Turner and StoneX and Craig Turner. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Craig Turner and StoneX and Craig Turner or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The USDA's Feb WASDE was bearish for soybeans and neutral for wheat and corn. The path of least resistance is lower until the funds have a reason to cover shorts. Old crop prices need to fall in order to find demand. New crop prices need to decline in order to reduce acres. The funds are about as short as they've ever been for this time of year. Soybeans are still relatively tight and have the most downside risk of all the major grain and oilseed CBOT markets.
For the free weekly newsletter that has supporting information for the podcast, please check out Grains & Oilseeds with Craig Turner newsletter.
Also make sure to follow me on twitter (x) here: @CornWheatSoy
Premium Daily Newsletter for Producers: Grains & Oilseeds with Craig Turner - Premium Producers
Premium Daily Newsletter for Consumers: Contact Craig Turner via email or phone
CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX
Craig Turner – Commodity Futures Broker
312-706-7610
20 episodes
Share
