This is contrary to the view that the markets are inefficient and provides substantial opportunities for farmers to gain additional profits through marketing.
More Quotes from Darrel Good:
The forecasting comparisons for soybeans were somewhat sensitive to the measure of forecast accuracy considered. One measure showed that private market forecasts were more accurate than USDA forecasts for August, regardless of the time period considered. Another measure showed just the opposite.Darrel Good
Based on current conditions, however, it appears that the soybean prices need to be at a level to discourage a large increase in U.S. acreage in 2006.
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
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
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
The market will closely monitor planting progress, weather and weather forecasts, and weekly crop condition reports as they become available in order to judge 2006 production prospects. These factors will also provide producers with valuable information for gauging new crop pricing opportunities. The lesson of a year ago is that the weekly crop condition ratings are very valuable in judging U. S. average yield prospects.
Darrel Good
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Based on Topics: Marketing QuotesFew can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
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I've played a lot of bad guys, 'cause that was the only work I could get. People saw my face and went "Oooh."
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I'm such a girl for the living room. I really like to stay in my nest and not move. I travel in my mind, and that that's a rigorous state of journeying for me. My body isn't that interested in moving from place to place.
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