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Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
How do you figure it is a short crop? Some states are going to have huge yields this year that will probably end up balancing out states with poorer yields.
Intresting article. Yes the trade has a tendency to have a wait and see attitude on a knowingly short crop. Wait until the combines roll they say. Now we have this super bumper crop and the price is showing it, even if it is so so far from being in the bin. Just some thoughts wearing on a producers mind.
When a commodity looks to have below average crop ratings trade has a tendency to have a wait and see attitude before price increase. But this year were already pricing in a bumper crop. Cant win as a producer.