Market Sits and Waits for Weather Scare

first_img Facebook Twitter Market Sits and Waits for Weather Scare By Andy Eubank – Feb 16, 2016 Previous articleApplications Open for Soy Checkoff’s See for YourselfNext articleFinal Crop Decisions Difficult to make on 2016 Production Andy Eubank SHARE Facebook Twitter Home Indiana Agriculture News Market Sits and Waits for Weather Scare Last week Bob Utterback of Utterback Marketing Services presented his market outlook during the National Farm Machinery Show in Louisville, KY. Markets right now are searching for positive news to build on, but predominant thinking is a weather issue is the best hope for higher markets this year.Utterback says the global economy is sagging and demand for ag commodities is stagnant while supplies are “bunching up underneath of some world stocks.”With no expectations of a surprise ahead from the demand side, and the possibility of good planting progress in April, then with continued turbulence in equity and oil markets creating an extremely weak outside macro market picture, a weather scare would have to be over-magnified to have any traction.Hear more thoughts from Utterback in the HAT interview from Louisville:Bob Utterback SHARElast_img

Leave a Reply

Your email address will not be published. Required fields are marked *