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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
I doubt that the weather is playig a part in unrealistically low prices. Especially since the price move came a full day after the weather announcement. You don't have to explain each and every price move... And each and every price move doesn't exactly correlate to the one piece of information you have. Another completely logical explination to this recent move would be that the paper trades hae had the reins, as producers are NOT PARTICIPATING in marketing their new crop at pricing levels that would ensure that they take a loss. If there is a LOT of supply left "unsold", would it not make sense that there was a lot out there left "unpurchased"? Would you say that the producers or the consumers of the grain can hold out for better pricing?
2 dollar corn 5 dollar beans
Frost goes in, corn goes up; frost goes out, corn goes down. Well there's always next year fellas