The market is offering some of the best opportunities for profits that farmers have seen in the past 40 years, according to Bob Utterback, Farm Journal Economist. Along with that comes a high degree of sensitivity to any movement in the marketplace.
"That is creating a lot of anxiety for marketers," Utterback notes. "You have to think clearly about what you’re trying to achieve by being in the marketplace and not let emotion rule your head."
Utterback notes that he anticipates the market will reach a top within the next 30 days and will then cool off once the combines start rolling for harvest. Listen here for Utterback’s predictions for the next two weeks as well as his advice on whether you should be pushing or holding grain sales.