Don't Plan on Anything Above Trend Line Yields in 2017

February 28, 2017 01:37 PM
 
 

The USDA is predicting 90 million acres of corn yielding 170.7 bushels per acre in 2017. Currently, corn futures have hit the $4 mark.

According to Dustin Johnson of AgYield, if corn sees a 14 billion bushel production number, that would be enough to roughly satisfy demand. However, 2017 could be another record yield. Tyne Morgan, host of U.S. Farm Report, asked if producers can handle yet another record year for corn.

“That’s a whole other debate,” said Johnson. “We shouldn’t plan on anything above or below trend line yields. I don’t think the market would be able to handle another year like this for yield.”

Johnson’s bearish outlook was supported by Danny O’Bryan of Top Third Ag Marketing.

“All of the outside influences are fundamentally bearish,” said O’Bryan. “You got to take advantage of these rallies when they occur and hope for the best.”

Watch their full discussion on the USDA’s 2017 outlook on U.S. Farm Report above.

Back to news


RELATED CONTENT

Comments

 
Spell Check

anithah7gj
banglore, IN
7/11/2018 01:17 AM
 

  Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill. The problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines. One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout! This sophisticated software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines... http://www.forextrendy.com?kdhfhs93874 Chart patterns such as "Triangles, Flags and Wedges" are price formations that will provide you with consistent profits. Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it's time to use powerful dedicated computers that will do the job for you: http://www.forextrendy.com?kdhfhs93874

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close