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.
The Grains follow the equity markets are becoming a little sickening and overly elementary of a term for me to listen too. The Dow had a great close today for being a friday and trading lower most of the day,seems like the grains got sucker punched again by the equities. So its time to start trading grain as grain,livestock as livestock,oil as oil and equity markets as the crisis they started!!
Oh now,,6.5% more hogs slaughtered year to date,cattle same number slaughtered year to date as last year,just as many ethanol plants running today as a year ago too and more mouths to feed tomorrow morning than today in this world. Thats a solid demand base and the financial markets... say what??
Here, Here to the above comment! I agree, the point is none of you know anymore then the people you are advising. When crude is down ,commidities are down, when the Dow is down so is grain, when the dollar is down ,so goes grain. But when those items trade up I don;t hear you say anything why the grains are going down. Thus my conclusion that the so called experts have no clue,when you ask for clarifaction all they say is the bottom is not in yet. Will it's getting to the point they better start finding some answers or they won't have any clients to advise, then they will be hunting for solid information!