soybeans
The latest commentary on the recently released jobs report from John Payne, Senior Futures & Options Broker with Daniels Trading in Chicago. Q1 2021 hedge fund letters, conferences and more April's Jobs Report: A Huge Miss"Payrolls data was just released, and it was a huge miss. Traders were expecting nearly 1 million jobs created, and we got 267k. Something is afoot. The good news for bulls is that this kind of data gives the FOMC the green light to keep policy easy. This is also bullish commodities." "We are back in a world (2009-2012) where good economic news is going to spook folks in risk...
ValueWalk
“The USDA released the Feb WASDE at 11 a.m. Central and it was disappointing for the corn bulls,” reports Daniels Trading Senior Commodities Broker Craig Turner, author of Turner’s Take newsletter, and the host of Turner’s Take podcast. (To read the full report please click here.) “The USDA only increased exports by 50mm bushels. That only reduced ending stocks to 1.502 billion bushels for old crop corn. Soybeans were more in line at 120mm bushels, which is very close to the minimum pipeline supply.” Q4 2020 hedge fund letters, conferences and more Initial Thoughts On The Feb WASDE"Below is a ...
ValueWalk
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