In our area, we are beginning to see many grain trucks delivering grain to the elevator. One could assume it is due to the weather and the inability to get any remaining crops planted or the prospect that producers are beginning to believe the crop is out there and the worse is yet to come. Either way it still all comes down to weather!
Up to now the crop has been at or above average in both corn and soybean progress but today we may begin to see soybeans lag for the first time due to weather. The weather outlook is beginning to show some dryness and heat in the 6-15 day outlook implying a greenhouse effect for much of the U.S. November 2015 Soybeans settled unchanged on the assumption that if the rain continues some acres may not be planted and the wheat/bean acres will be delayed as well.
The other factors affecting the grain market is a strong U.S. Dollar and outside global influences in the market. One must assume a continued choppy to downside trend in the grain markets near-term with the potential for a low in the markets sometime in the July/August time period.
Any questions or suggestions, email me at [email protected].
This material has been prepared by a sales or trading employee or agent of Utterback Marketing Services, Inc. and is, or is in the nature of a solicitation. This material is not a research report prepared by Utterback Marketing Services, Inc. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction without registration, the market commentary in this communication should not be considered a solicitation.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Utterback Marketing Services, Inc. believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.
You should read the "risk disclosure statement" and "option disclosure statement" and should understand the risks before trading. Commodity trading may not be suitable for recipients of this publication. Those acting on this information are responsible for their own actions. Utterback Marketing Services, Inc. assumes no responsibility for any errors or omissions. Any republication or other use of this information and thoughts expressed herein without the written permission of Utterback Marketing Services, Inc. is prohibited. Copyright Utterback Marketing Services, Inc. 2015.