Weekly Market Outlook: Oct. 18-22nd - Time to Reset Price Opportunity?
Did USDA just give us data that will force us to "reset" our selling decisions and what is a "good" price." With carryout levels rising and some question marks beginning to surface on the demand front, current prices may seem low, but they are still much higher than the past several years. Without a South American production problem, where will the new bullish inputs be found? For many producers, better than expected yields and still good prices, total revenue will exceed expectations. Should this prompt a sales decision more so than just "price"? These are legitimate questions that each producer needs to seriously ponder, as they keep filling their storage bins. ?
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