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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.

Sell Rallies!

Aug 24, 2009
The phones are very quiet today. The producer is turning off the radio and simply not paying attention to the market. He’s gone fishing!

The Pro-Farmer crop tour would suggest the crop is out there, it’s simply late. One should note that the tour results are historically skewed to the positive side so when they get bearish this does mean something. Overall, everybody right now is holding off on selling because of the fear of frost.

Cool weather is going to move into the market the first of September which will make the market very nervous and keep the bulls hope alive that something is going to happen to lift prices. While I grant you there is some risk, I would equally suggest this is exactly what you need to get any chance for make up cash sales. I can not stress strongly enough the risk you are taking if you plan to harvest the crop and put the corn in the bin unpriced.

Producers still have a lot of old crop corn, we are finding increased production of corn, and potentially increased supplies of feed wheat are showing up. This all suggests to us here at UMS that a significant price drop from mid-September to Thanksgiving could develop if we confirm that the corn yield is in excess of 165 bu. per acre.

Our suggestion: SELL RALLIES!

If you need any help in implementing a speculative or hedging strategy give us a call at 1-800-832-1488 or 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. 2009.
 
 
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COMMENTS (3 Comments)

Anonymous
I too run any usda employee off the property. these jokers have played with our livings long enough!
2:57 PM Aug 24th
 
Anonymous
Hi - I am a dairy farmer- to say that the USDA has no business in measuring crop yields, is like saying USDA has no business measuring the milk supply. You have to measure both so you know the supply out there - just how it is.
2:03 PM Aug 24th
 
 
 
 
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