Play Turner's Take Ag Marketing Podcast Episode 364
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The August WASDE report was slightly bullish corn, soybeans, and spring wheat while bearish winter wheat. The USDA reduced the Canadian canola crop to 19 MMT but the trade was probably looking for something closer to 18 MMT. There was not bullish surprise so the path of lease resistance is lower due to improved Aug weather forecasts. Grains and oilseeds tend to make a low between the end of August and mid September. This year looks to be no different. 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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