The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.
Soymeal/soyoil spreads were active again today. Soyoil selling was linked to the sharply lower palmoil prices and concern about the US biodiesel blend credit. The credit was not included in the recently passed jobs bill. The news we have now is that the credit is supposed to be included in the second Jobs bill, but that may not be passed until late April or May and it is meeting some opposition in Congress.
The chart below is of December 2010 corn. Price action leading up to the March 31st planting report will be interesting since the price appears to be at some key trendlines.
With the March Acreage report just around the corner, we want to be adequately hedged. Please ask us about our official recommendations or login to our website to view them. Also, last week was the first installment of a new video weekly series (http://www.agreportsnetwork.com/cms/education). As always, call us with any questions.
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