Grain Fundamentals Remain Important

摘要

There are five critical days to watch in 2013.At a recent webinar, a farmer asked, "Why do you even look at grain fundamentals? Do they even matter anymore?" I said that I thought they were still important because they do impact long-term price direction and, ultimately, affect the price level at which you'll trade. I use a combination of fundamental analysis, time studies, and technical analysis when I put together my long-term master market plan each year. Obviously, I don't know what the acreageor yields will be in 201.3. But I do have several different scenarios that I look at so I can anticipate. When I put together the master marketing plan for a new year, I always review what happened the last year and try to anticipate what may be the sameor different in the new year. First, I build a set of bull and bear fundamentals. Second, I write down the critical market weeks when I need to make marketing decisions.