Articles tagged under: Bob Utterback

Production and Demand Tug-of-War in Grain Markets

Published August 22, 2020

Utterback Marketing president Bob Utterback says the grains are caught in a tug-of-war between production and demand. Prevented plant is having an impact on production. "That reconfirms the June acreage numbers. Now, the bear lost the advantage of an acreage…

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Grain Prices Expected to Struggle in a Move Higher

Published August 13, 2020

Following a mostly neutral August Supply and Demand Report, Utterback Marketing President Bob Utterback expects grain prices to struggle to move higher. "Seasonally, if we do continue to decline, I think we'll still put an August low in. Then, the…

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Be Short Term Positive for the Markets

Published May 27, 2020

Cash basis bids have been firming slightly over the past month as more ethanol plants come back on line. Utterback Marketing President Bob Utterback says farmer are also reluctant sellers, which is firming the cash bid. "The firmness we're seeing…

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Utterback: Watch for Seasonal Corn Rallies

Published May 13, 2020

USDA’s projection of a very large corn carryout will keep pressure on corn prices. Utterback Marketing President Bob Utterback recommends farmers use seasonal rallies to catch up on corn sales. "I think there's more of a chance corn will try…

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Lower Ethanol Demand Impacts Northern Plains Farmers

Published April 9, 2020

The Northern Plains corn producer could be impacted more by lower ethanol demand that Midwestern farmers. "As we see plants going offline because of poor profit margins, the net impact will be a wide basis," said Bob Utterback, president, Utterback…

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Oil Prices Continue to Impact the Grain Markets

Published April 2, 2020

While fears of coronavirus are grabbing the headlines, Utterback Marketing president Bob Utterback says the drop in crude oil prices continues to impact the grain markets. "Crude oil is breaking down to technical support. If crude oil goes as low…

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Take Opportunities As You Can

Published March 20, 2020

Low commodity prices don’t offer a lot of opportunity, but Utterback Marketing President Bob Utterback says be ready to take advantage of opportunities when they appear. "I think all commodities will make multi-year lows between now and fall. As a…

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Farmers Can Still Take Advantage of Strong Corn Basis

Published December 6, 2019

Utterback Marketing President Bob Utterback says farmers may not like the price of corn, but take advantage of good basis levels. "You could be worse off storing some corn into next July. That's the real risk in this market. Not…

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Corn Yields Not Bad at Harvest, Basis Still Strong

Published October 24, 2019

Utterback Marketing President Bob Utterback says farmers are reporting respectable early harvest yields. "We're starting to get reports from farmers in many areas that got planted in early June. The corn yields are down about 10 to 15 bushels an…

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Yield is a Dark Horse for the Grain Markets

Published August 1, 2019

Utterback Marketing president Bob Utterback says the grains could stabilize after this latest selloff as traders wait for the August 12 USDA report. "The burden is on the bear to prove acres will be below 3.5 to 4 million," he…

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