Home Indiana Agriculture News Bower Trading Strategy Report: Don’t Fall Asleep

Bower Trading Strategy Report: Don’t Fall Asleep

SHARE

Since the USDA reports at the end of March, the corn and soybean markets have been very quiet and have lacked direction. Jim Bower, with Bower trading, cautions producers not to get to complacent, “This market acts like it wants to lull everyone to sleep, especially the producer.”  He said every time the market looks like it is going to rally, something negative sends prices lower.

Bower says history shows there will be a market move to the upside soon, “I have been in this business for almost 40 years, and only two times in the past 40 years have we not had some kind of a weather scare that has bumped prices higher.” He added these weather scares do not last very long, so he warned producers to have a plan ready, “The market will not give you much time to make a decision.”  The USDA will report the first national corn planting pace on Monday.

Last year a sharp decline in the South American Safrinah corn crop prompted a spring jump in corn prices. Bower says that does not look like it will happen this year, but beware, “Last year they had a disaster, but so far this year it does not look like that will be the case. But, weather models change and can change very quickly, so, with that crop pollinating in the next 3 weeks, it is important to keep an eye on what is happening down there.”  Bower said they are in constant contact with their scouts in South America to keep on top of that situation.

For more market strategy contact Bower trading at 1 800 533 8045

This material has been prepared by a sales or trading employee or agent of Bower Trading Inc and is, or is in the nature of, a solicitation. This material is not a research report prepared by Bower Trading Inc. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW.  PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS.  TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.

The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Bower Trading Inc believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.



Indiana Farm Expo