Play Turner's Take Ag Marketing Podcast Episode 366
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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 if S. America has weather issues. If want to hear more about our reaction to the crop tour then please 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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