Utterback’s Guide to the Oct. 12 Reports

October 11, 2011 12:32 PM
 

Tomorrow’s reports could hold big market-moving news.

 

All eyes will be on USDA’s Crop Production and World Agricultural Supply and Demand Estimates reports, which will be released at 7:30 tomorrow morning.

How will USDA alter their previous acreage or yield expectations?
 
Bob Utterback, president of Utterback Marketing and Farm Journal Economist, says that based on crop condition ratings, he thinks there’s 75 to 80% risk that USDA will increase its estimates of corn and soybean yields.
 
He thinks USDA will increase corn yields to 150 bu./acre and soybean yields to 42.5 bu./acre.
 
Utterback says prices will go higher if:
  • We see something bullish on the demand side
  • We have a greater than expected acreage loss
  • A greater-than-expected yield loss occurs
 
“Any combination thereof will regain the emotions and the bullishness of this market,” he says.
 
Listen in to Utterback’s complete pre-report commentary:

 
 
For More Information
 
Watch for full coverage and analysis of tomorrow's reports on AgWeb.com.

 

Back to news


 

RELATED CONTENT

Comments

 
Spell Check

No comments have been posted to this News Article

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