CHICAGO, Illinois (Agriculture Online)--Attended a marketing meeting lately? You might find the presenters talking less about crop production and more about the Gross Domestic Production rate, or the Dow Jones Industrial Average.
Scott Stewart, Stewart-Peterson market analyst, says farmers are being asked to keep track of a lot of fundamentals, not just weather and acreage estimates.
Stewart, while attending a recent Archer Daniel Midland Investor Service winter meeting here, says despite mixed messages at marketing meetings the grain markets are near-term bearish longterm bullish. "I think there's more washout left," Stewart says. "I see 2009 corn going to $2.25-$2.60, with a deflationary economy. There is good news out there, but a lot of bleeding to happen along the way."
Meanwhile, Don Bevis, a Tennessee commodity consultant, says he plans to tell his farmer-customers to stay on top of grain markets by being informed with worldly events.
CHICAGO, Illinois (Agriculture Online)--Attended a marketing meeting lately? You might find the presenters talking less about crop production and more about the Gross Domestic Production rate, or the Dow Jones Industrial Average.








