Daniels Trading
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The Futures Blog contains articles pertaining to brokerage services, written by our own brokers and editorial team. Such articles are helpful in furthering ones knowledge on commodity futures trading, investing and risk management.
Daniels Trading
3M ago
Play Turner’s Take Ag Marketing Podcast Episode 375 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
Newly elected libertarian Argentine President Javier Milei’s government is acting quick on campaign promises. Argentina will cut the value of their Peso by 50% as part of their “shock therapy” to try to rescue their failing economic system. Economy Minister Luis Caputo also announced deep cuts to public spending, government agencies, and energy subsidies
The current inflation rate in Argentina is 150 ..read more
Daniels Trading
4M ago
Play Turner’s Take Ag Marketing Podcast Episode 374 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
I’ll be at the Nebraska Ag Expo next week with StoneX at booth #3100. If you are there please come on by and say hello!
The balance sheets for corn and canola are concerning. Wheat may be tight for another five months but a good winter wheat crop in the N. Hemisphere solves a lot of tightness in that market. Soybeans are tight but a decent S. American crop and increased US acres in 2024 means lower prices ..read more
Daniels Trading
4M ago
Play Turner’s Take Ag Marketing Podcast Episode 373 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
Lower CPI and Core CPI readings have traders excited about the stock market again. Better inflation numbers could lead to the Fed holding rates steady as opposed to a quarter point increase by the end of the year. Crude oil is lower on better US production and lower demand out of China. Natural gas production in the US is robust and temperatures have been unseasonably warm. Oilseeds are leading the C ..read more
Daniels Trading
5M ago
Play Turner’s Take Ag Marketing Podcast Episode 372 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
The Federal Reserve kept interest rates elevated after their meeting on Wednesday but traders are more optimistic for rate cuts in 2024 than they were before the meeting. Stocks have rallied over the past couple of days and the Fed Funds futures are pricing in interest rate cuts starting next summer. Corn is range bound while soybeans is rallying due to weather concerns in C. and N. Brazil. Spring wheat demand i ..read more
Daniels Trading
6M ago
Play Turner’s Take Ag Marketing Podcast Episode 370 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
The funds are now short corn, wheat, and soybeans. US harvest is nearly 50% complete for corn and soybeans. Canada is wrapping up canola and spring wheat. Demand is poor and fund managers are building short positions in corn, wheat, and now soybeans. If we are going to see a post-harvest rally, N. American grain markets need better export demand for wheat, corn, soybeans, and canola. For trade ..read more
Daniels Trading
6M ago
Play Turner’s Take Ag Marketing Podcast Episode 369 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
The Federal Reserve kept interest rates steady but they intend to keep rates above 5% through 2024. Mexico is now the US’ largest trading partner, with Canada a very close second. China is a distant third and that is not helping demand for grains and oilseeds. Crude oil continues to rally even in the face of bearish news as supply/demand fundamentals get more bullish. Finally, we talk about harvest pressur ..read more
Daniels Trading
7M ago
Play Turner’s Take Ag Marketing Podcast Episode 368 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
The USDA’s September WASDE report was bearish for corn and soybeans vs expectations. The US wheat numbers were neutral but Global Ending Stocks for 2023-24 was bullish. This resulted in high protein wheat rallying after the WASDE while corn and soybeans sold off. Corn likely finds a seasonal low over the next couple of weeks. Soybeans remain tight until S. American harvest. Soybean oil will con ..read more
Daniels Trading
7M ago
Play Turner’s Take Ag Marketing Podcast Episode 367 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
In this episode we talk energy and ag. Crude oil is testing resistance and could break out if demand stays high as days of supply trends lower. We also take a look at our new crop corn, soybeans, and wheat balance sheets. Below are the charts we reference in the podcast as well as the balance sheets. Make sure you take a listen to this week’s Turner’s Take Podcast!
https://www.danielstrading.com/wp-content/uploads/202 ..read more
Daniels Trading
7M ago
Play Turner’s Take Ag Marketing Podcast Episode 366 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
The Pro Farmer crop tour concluded this week and they are projecting corn yields at 172 bpa and soybeans 49.7. That puts corn around 1.9 billion bu ending stocks with a 13% stock/usage ratio. That is an adequately supplied corn market. The drop in soybean yield puts ending stocks around 175mm bu and a 4% stock/usage. That is tight. We could see some big rallies in the oilseed markets the fall/winter ..read more
Daniels Trading
8M ago
Play Turner’s Take Ag Marketing Podcast Episode 365 If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes!
New Podcast
Michael Burry, the central figure of The Big Short, is reportedly placing a big bet on a stock market crash. This is the same trader who called the sub prime crisis. We start off the podcast speculating on what is making Michael Burry so bearish. Then we switch to the grain markets and talk about why we are long term bullish on soybean oil and where we see prices for the next couple of years. Make sure you take ..read more