Darrel Good
Darrel Good
Darrel Good quotes about
concerns conditions consistent drought forecasts increases moderate parts plains severe southern summer weather yield
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.
changed expansion extended feed hog intentions low modest particular period plans producers production relatively report result reveal whether
The production intentions of hog producers will be of particular interest. The report will reveal whether producers' modest expansion plans have changed as a result of an extended period of relatively low feed prices.
cash central corn expected given high higher illinois magnitude marketing might next past price prices six sometime strength suggesting surplus surprising year
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 higher prices might be expected sometime over the next six months.
factors market next production prospects south three
South American soybean production prospects will be one of the more important market factors for the next three months.
anticipate appears billion calculate changed corn current domestic eventual forecast grain june less market marketing million next opportunity provide rate report stocks whether year
The June Grain Stocks report will provide the next opportunity to calculate the rate of domestic corn use. Whether or not these projections are changed in the upcoming report, the market appears to anticipate an eventual increase. Stocks of corn at the end of the current marketing year may be 100 to 125 million bushels less than the current forecast of 2.3 billion bushels.
cash certainly concerns highs historical low persist price range spot weather
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.