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VIDEO: Marketing meeting talk shifts

Agriculture.com Staff 01/21/2009 @ 12:58pm

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.

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