Home HAT News Feed Bower Trading Market Strategy Report: USDA May Have Been Right.

Bower Trading Market Strategy Report: USDA May Have Been Right.

When combines first started to roll this harvest yields looked better than expected. Many in the trade expected those yield numbers to decline as the harvest progressed. Jim Bower with Bower Trading says that has not happened, ”It looks like the USDA may have been pretty close when they made their determination on this year’s crop size, pegging it as the 2nd largest in history. The yields coming off the combines continue to be quite good. We do expect these numbers to decline somewhat as we get into the later planted crops.”

Bower told HAT the market is now having to readjust its expectations of what U.S. producers can produce even in a year with less than ideal weather, ”The new hybrids continue to produce amazing yields even better than just a few years ago.” He added one would not expect this kind of yield improvement in just a few years.

Bower added about the only bright spot in the market right now is the continued good demand from the export market.

For more market strategy information, contact Bower Trading at 800-533-8045 or bowertrading.com.

This material has been prepared by a sales or trading employee or agent of Bower Trading Inc and is, or is in the nature of, a solicitation. This material is not a research report prepared by Bower Trading 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 Bower Trading 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.

 

 

The post Bower Trading Market Strategy Report: USDA May Have Been Right. appeared first on Hoosier Ag Today.

SHARE