New HAT Feature: Bower Trading Market Strategy Report

first_img By Gary Truitt – Jan 23, 2017 Facebook Twitter Home Indiana Agriculture News New HAT Feature: Bower Trading Market Strategy Report SHARE Bower Trading Market Strategy ReportJim BowerToday we begin a new feature here at Hoosier Ag Today: the Bower Trading Market Strategy Report. Every Monday, we will bring you timely market comments from Jim Bower of Bower Trading in Lafayette.Last week, the soybean market put on quite a show. While closing lower on Friday, the bean market spent most of the week moving up into areas we have not seen in a while. Jim Bower says the market is on a mission, “A mission to find more U.S. soybean acres. It seems to me they want to do it through price. I hear that as much as 6 to 7 million more soybean acres could come into production in 2017. With the price of new crop soybeans around $10.30 and the price of corn around $3.95 the market is telling producers we want more soybeans out of you guys.”Bower says these price levels are temping some producers to not only sell the 2016 crop but price part of the 2017 crop, “It looks to me like some producers are going out and hedging or selling  soybean production for the next year. It does not look like they are very eager to price out corn production at this time.”Bower also notes that yields in South America are looking good which will become a factor in the market in the coming weeks. He added that the changes coming in Washington with the beginning of a new administration will also be a market factor to watch closely.For more information, contact Bower Trading at  1-800-533-8045 or visit www.bowertrading.comThis 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. New HAT Feature: Bower Trading Market Strategy Report SHARE Facebook Twitter Previous articleClovis to Lead USDA TransitionNext articleFarm Bureau Excited about Trump’s USDA Choice Gary Truittlast_img

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