South American soybean production prospects will be one of the more important market factors for the next three months.
More Quotes from Darrel Good:
The range of 0.505 is at the low end of historical experience. New highs in the spot cash price are certainly possible, particularly if weather concerns persist into the spring.Darrel Good
The USDA may want to consider expanding the scope of the subjective yield surveys it uses in making the forecasts in order to incorporate a wider range of market and industry participants.
Darrel Good
The persistence of moderate to severe drought conditions in parts of Illinois, Iowa, and much of the southern Plains increases concerns about yield potential. As usual, forecasts of summer weather conditions are not consistent at this time.
Darrel Good
A stocks-to-use ration of 8.8 percent, then, means 2006-07 year-ending stocks of 1.047 billion bushels, implying a crop of 9.966 billion bushels. That is, the market appears to be trading a 2006 corn crop that is 1.146 billion bushels, or 10.3 percent, smaller than the 2005 crop. That calculation is obviously sensitive to the forecast of use. A smaller forecast of use implies a smaller crop and vice versa.
Darrel Good
The price strength has been a little surprising given the magnitude of the surplus in U.S. corn inventories. However, over the past 32 years, the central Illinois cash price has never established a marketing year high in February, suggesting that even hig
Darrel Good
However, if bird flu results in a permanent reduction in world poultry production, an increase in red meat production might eventually be required, resulting in increased feed consumption in the long term. Domestic demand prospects also remain strong due to increasing livestock production and expanding ethanol production. These developments should support increased corn consumption well beyond the 2005-06 marketing year.
Darrel Good
Readers Who Like This Quotation Also Like:
Four men are missing; R., Sorel and two emigrants. They set out this morning after buffalo, and have not yet made their appearance; whether killed or lost, we cannot tell.Francis Parkman
As an artist, you dream about accumulating enough successful music to someday do just one greatest-hits album, but to reach the point where you're releasing your second collection of hits is beyond belief.
Gloria Estefan
In all works on Natural History, we constantly find details of the marvellous adaptation of animals to their food, their habits, and the localities in which they are found.
Alfred Russel Wallace