By: Bob Utterback
, Farm Journal
Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
Light volume during this holiday week
Dec 23, 2008
The number of contracts traded and net volume was down today, reflecting a typical slow holiday trading week. Wheat was the biggest market mover today. The reason being cited was some exports' expectation was moved from U.S. to other markets. As for corn and beans, the market tone was very quiet with limited interest. We would not be surprised to see a sideways tone to persist this week. We would however note the stronger this week is, the greater the odds we will see a sell off right before the beginning of the year.
We want to take this time to wish everybody a Merry Christmas and a Happy New Year. Since the market is only going to be open half days Wednesday and Friday we will not have any further comments for this week. We encourage everybody to take time now to visit with family, in the end it’s one of your most valuable assets.
If you want to go over details or would like to read more daily recommendations regarding reownership or marketing strategies, email me at email@example.com or firstname.lastname@example.org.
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. 2008.