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.
It only mid-July and these crops look great. Here in Indiana just south of Lafayette, corn is above shoulder high, tasseled and the ears filling. Soybeans are looking good but could use some heat and that is exactly what they are going to get. Many producers are suggesting their yields are going to be the best they have seen in years. So why is the market choppy?
It is still early to put in lows and while we may be of the assumption the crop is out there, right the moment one could assume the market is adding some weather premium. The weather forecast for next week is for heat and dry weather. This is typical around this time of year but if the heat were to last longer than trade expectations, the market is adjusting. For those of you who do not have all the sales done you would like, this week could be an opportunity to get some sales made.
If anyone feels they need to put structure into their risk management decision-making and would like to discuss marketing strategies, call Bob or Laura (1-800-832-1488). We will also try to answer questions in upcoming blogs and we welcome emails to firstname.lastname@example.org or email@example.com.
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