Bower Trading Market Strategy Report: Demand Grabs Market’s Attention

first_img By Gary Truitt – Oct 15, 2017 Bower Trading Market Strategy Report: Demand Grabs Market’s AttentionJim BowerThe corn and soybean market is switching its focus from supply to demand. As combines resume harvest this week, growers will be focusing on yield. Jim Bower, with Bower Trading says the market, which has been focused on supply, is now shifting its focus to the demand side of the equation, “The demand for soy and soy products globally, particularly our of China is phenomenal, running at a pace well ahead of last year.” He added that this reinforces the fact that lower prices will spur export demand. As a result, Bower says producers need to consider their marketing options, “At Bower Trading, what we have done is move soybeans when the price is close to the $10 mark and then repositioning back in the bull spreads going into next year to give the market plenty of time and room to move.”Another market factor to keep an eye on is the very slow pace of planting of soybeans in Brazil, “I have a graph that shows how far behind they are on planting progress. Now it is not a disaster yet, but they are running well behind the 5 year pace of planting.” Over the weekend, temperatures reached over 100 degrees in some of the key soybean growing areas of Brazil. Bower added that, not only could this reduce their production for 2018, the uncertainty of their production may prompt their producers to hold back on exports in the last few months of 2017.For more market strategy information, contact Bower Trading at 800-533-8045 or 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. SHARE Facebook Twitter SHARE Bower Trading Market Strategy Report: Demand Grabs Market’s Attention Facebook Twitter Previous articleCommentary: Go Local – Drink MilkNext articlePurdue Ag Club Learning Outside the Classroom Gary Truitt Home Indiana Agriculture News Bower Trading Market Strategy Report: Demand Grabs Market’s Attentionlast_img