Bob Utterback, president and CEO of Utterback Marketing Services, doesn’t often get called a bull when it comes to grain marketing. But even for him, sometimes the occasion absolutely calls for it, he jokes.
“I’m always classified as the bear in the market,” he tells Farm Journal Radio’s Pam Fretwell. “But now we’re moving into a bull market. This is a time period when bears dream about – getting the opportunity to take advantage of a rally market.”
Still, the weather that unfolds over the next 15 to 20 days is extra critical, Utterback adds. Depending on exact conditions during this time, corn could swing as high as $5.00 per bu. or as low as $3.50 per bu., he speculates.
Listen to the embedded audio clip for some additional observations Utterback shared with Fretwell:
Get more AgWeb market news, analysis and futures prices at www.agweb.com/markets/futures/.