Sep 22, 2014
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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.

Uptrend Prior to Prospective Plantings Report!

Mar 30, 2010
Monday started out with a strong focus on the dollar, oil markets and their bullish impact on the commodities. This week we will have a Prospective Plantings report dominating the market price action from Wednesday into the end of the week. The final variable that is going to have a lot impact on the market is the spring planting weather patterns. Up to now has been more about fear than reality. As we move into April, we will start moving into a period when action must be done. With last fall slow harvest a lot has to be done before the crops planted. Producers are already very frustrated with the current low prices and inability to get into the fields. My greatest concern, producers still have their sights set on a retest of the January highs at $4.50 rather than focus on the opportunities which suggest a retest of December corn to the $4 to $4.15 level represents solid selling.
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. 2010.
 
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COMMENTS (13 Comments)

Anonymous
10:31 Demand from where? Hogs production is lower. Feed is still #1 for corn use. I dont see sky falling but I dont see $4.00
10:41 AM Mar 31st
 
Anonymous
Demand will increase. The sky is not falling.Good numbers for all.
9:31 AM Mar 31st
 

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