Play Turner's Take Ag Marketing Podcast Episode 356
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US Congress has passed the new debt ceiling limit while also making spending cuts. The market should view this as bullish. The hot and dry June forecasts are bullish factors for grain and oilseeds. On the other hand the expansion of new crop ending stocks combined with poor global demand has been bearish. Yields are determined in June and July so the next six to eight weeks are critical to global grain stocks. Short term traders will look to play the weather market but in the long term the path of least resistance is lower as commodity markets usually revert back to the mean. Make sure you take a listen to this week's Turner's Take Podcast!
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If you are having trouble listening to the podcast, please click here for Turner's Take Podcast episodes! Craig Turner - Commodity Futures Broker 312-706-7610
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