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.
Chinese buying will keep prices tempered only if we ship them descent corn. Rumors of moldy corn is not good for market,,,, mainly farmers... Farmers have been taking hefty discounts on poor quality corn, how do we ship this stuff and feel good about it.
Whether its the stock market or commodities they definitely have created a see saw action. Up one week down the next. Buy the low sell the high the last four five months,,,,,,, easy money for some,,, yet the market keeps us in price range which is just or below breakeven. High commodity prices means better chance for inflation, food inflation for everybody,,, something nobody wants. Republican or democrat, were screwed,, if you are a farmer, for the last 30 plus years.
range bound is nice for bob he can hammer out some good money see sawing back and forth.