#540 - "Trick or Treat Markets Ahead?" Weekly Market Outlook: Oct. 30 - Nov. 3rd

Joe Vaclavik with Standard Grain talks with Chris in this episode as producers continue to chip away at harvest.

They start the conversation around harvest progress but lean into what has become the biggest question for many producers. “What should I do with my unpriced bushels? This is a huge question for many producers with a lot of things to take into account as these decisions are made. When to sell, and what is the appropriate price levels? Careful consideration is needed on numerous variables, such as interest rates, storage cost, average selling price, tax considerations, and cash flow needs.

They continue the conversation around some potential demand improvements, which could possibly include some South American weather challenges during their growing season.

They wrap up the conversation discussing some of the technicals around possible price movement and ask the question: “What is a low price in the future?” “Have we reached a new plateau which could limit the downside?