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RSS By: Bob Utterback, Farm Journal

Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.

Ag commodities still follow outside markets

Dec 05, 2008
The pattern of the ag commodities following the lead of the equity market and oil continued today in a downward trend. The market broke hard today into new low ground across the board. We consider today’s activity a general long liquidation day with margin call losses as the dominate reason for the decline. It will be interesting to observe next week exactly how long the funds remain in the ag sector. I’m concerned this liquidation could continue to the end of the month. Granted, the market is getting down to some very attractive long term values, but right now there is nothing saying we are close to the bottom other than it’s been going down so long, that the bulls have been killed and the bears are no longer comfortable selling the market. So right now all I can suggest is everyone take a big step back, catch your breath and let the market volatility settle down a little before coming back into the market.

If you want to go over details or would like to read more daily recommendations regarding reownership or marketing strategies, email me at utterback@utterbackmarketing.com or laura@utterbackmarketing.com.


BEFORE TRADING, ONE SHOULD BE AWARE THAT WITH POTENTIAL PROFITS THERE IS ALSO POTENTIAL FOR LOSSES, WHICH MAY BE VERY LARGE. YOU SHOULD READ THE “RISK DISCLOSURE STATEMENT” AND “OPTION DISCLOSURE STATEMENT” AND SHOULD UNDERSTAND THE RISKS BEFORE TRADING. COMMODITY TRADING MAY NOT BE SUITABLE FOR RECIPIENTS OF THIS PUBLICATION. THOSE ACTING ON THIS INFORMATION ARE RESPONSIBLE FOR THEIR OWN ACTIONS. ALTHOUGH EVERY REASONABLE ATTEMPT HAS BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION PROVIDED, UTTERBACK MARKETING SERVICES INC. ASSUMES NO RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS. ANY REPUBLICATION OR OTHER USE OF THIS INFORMATION AND THOUGHTS EXPRESSED HEREIN WITHOUT THE WRITTEN PERMISSION OF UTTERBACK MARKETING SERVICES INC. IS STRICTLY PROHIBITED. COPYRIGHT UTTERBACK MARKETING SERVICES INC. 2008.
 
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COMMENTS (4 Comments)

George Weidner
If and when grain markets come back, how fast do you think they will????? Also have herd talk about $25 oil whats your take and impact on grain prices??????????????
5:13 PM Dec 6th
 
Anonymous
Here, Here to the above comment! I agree, the point is none of you know anymore then the people you are advising. When crude is down ,commidities are down, when the Dow is down so is grain, when the dollar is down ,so goes grain. But when those items trade up I don;t hear you say anything why the grains are going down. Thus my conclusion that the so called experts have no clue,when you ask for clarifaction all they say is the bottom is not in yet. Will it's getting to the point they better start finding some answers or they won't have any clients to advise, then they will be hunting for solid information!
2:09 PM Dec 6th
 
 
 
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