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Outlook Today

RSS By: Bob Utterback, Farm Journal

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

Corn On A Break Today

Nov 17, 2009
The corn market decided to take a break today, but beans continue to move higher.  The bean complex seems to be anticipating more demand from China, while the corn market is finding no immediate demand strength to push things higher.  I believe the market is reaching levels where producers need to be serious about moving unpriced old crop beans sold off the combine, as well as  focus on 2010 bean sales now that the market is above $10.

WE ARE ACTIVELY TALKING ABOUT THIS IN OUR INTERNET COPY!
 
Outside Markets: I’m very impressed by the T-Notes and subsequent interest rates. It really looks like the Fed will allow an easy money policy for some time. I continue to stress one must watch interest rates as an indicator of how long the concern about growing inflation will continue. I suggest the ability to sell March T-Notes above 120 represents an opportunity that you do not want to pass up. The other commodity that is showing some promise is natural gas. It looks like it is approaching a double bottom in the March contract.
 
Just a peak: The speculative trade that I like, but it is still a little early to implement, is the July/November bean spread. This spread will bear some watching to see if carry gets back into it. A section of our bean copy will be devoted to a review of this spread once a week.
If you need any help in implementing a speculative or hedging strategy give us a call at (800) 832-1488 or email me at utterback@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. 2009.
 
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COMMENTS (20 Comments)

Anonymous
3:58
the sky is falling...........forget to take your meds today? paranoiaaaaaa will destroy yaaaaaaaaaaaa..........lol
8:36 AM Nov 18th
 
Anonymous
Prices are at extreme's when it is the hardest to make a decision. I will know when to sell when every bit of news you hear is bullish and your neighbor tells you your a fool to take current prices because they can't go anywhere but up. That is when it is hard to sell...but that is when peaks are put in place. Likewise i will know when to own my crop back when the outlook for our crops is so bearish not one person can say anything good about grains. When that fear grips you that prices just might go to zero and there is no demand at all for my product. That is when it is the hardest to own your crop. But that is when bottoms are put in.
7:23 AM Nov 18th
 
 
 
 
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