The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.
when you talk about demand destruction, the biggest demand destruction i feel was when corn went to 7.00. this slowed everything down to a snails pace. nh3 automatically went to 1100 dollars, no real checks and balances. now with sky high inputs we dont have high enough commodity prices. i think we need grain memories instead of grain futures to look back once in awhile to see what kind of damage they may have created or been a part of. just an opinion
Higher than expected soybean exports, soy oil stocks lower than expected, emergence lagging. Sounds like a bearish day to me. Lets just say the traders cashed in their chips.
I love the way it takes months for prices to reach a certain level and loose it in 2 days! What a Crock!