The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
Global weather concerns:
Does anyone actually look at the weather in Argentina/Brazil? The past 5 days has seen significant rainfall in the top production regions that were not forecast by any model. Model performance has been horrendous in SA, in particular the GFS model which this market seems to love. Take a look at data sometime, instead of just going on rumors. You'll learn something.
Disclosure: I am bearish the market.