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Turner’s Take Podcast | WASDE Bearish Corn/Soybeans vs Expectations
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 continue to be in demand due to profitable margins and increasing biodiesel capacity. Major exporter ending stocks will be almost as tight as they were in 2007! Make sure you take a listen to the week’s Turner’s Take Podcast. For trade ideas and hedge recommendations, check out Turner’s Take Premium. CLICK HERE TO OPEN AN ACCOUNT WITH CRAIG TURNER & STONEX About Turner’s Take Podcast and Newsletter