Signs of Global Economy Improvement

March 5, 2010 06:00 PM

Sara Schafer, AgWeb Business & Crops Online Editor
Jim Bower, president of Bower Trading, says looking at this week's market moves, some interesting aspects for both the investor and the producer have surfaced.
"The global economy is starting to fair a little better,” he says. "It does look to me that stock market is starting to stabilize and move up.”
Looking at grains, Bower says it has overall been kind of a down week for corn and wheat.
"We are seeing people get back into the fields to get crop out that has been left out through the winter,” he says, which is having some affect on basis levels around the country.

Listen in:
Reports to Watch
On March 10, USDA will release their monthly crop production report. Bower says he isn't expecting the it to have much impact on the markets.
But, he strongly advises to watch the numbers coming out in the March 31 report, which he considers the most important report of 2010.
Marketing Advice
Looking forward, Bower says 2010 may provides some interesting marketing opportunities.
Bower advises producers to analyze their risk management plan. "Don't be too bullish or too bearish,” he says.
"I think 2010 is one of those markets in which you shorten your window of trade in the commodities that you want to buy or sell,” he says. "What I mean is you don't have the weakening of commodities in general, so you really have to be very astute with a supply and demand table for each commodity.”
Bower also says you need to watch supply and demand on both the national and the global levels.
For More Information

You can e-mail Sara Schafer at

Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


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!


Market Data provided by
Brought to you by Beyer