By Jon Scheve, Superior Feed Ingredients, LLC
Generally I think grain marketing information directed to farmers is often too broad and general to be helpful. I suspect that’s because those discussing the markets don’t want to commit too far in one direction for fear of being wrong.
That is understandable and reasonable to a point, but being too general isn’t very helpful either. To minimize general statements or broad ranges there are a few easy questions one can ask that I think provides more focused and helpful information.
Be more specific when using the terms “Bullish” and “Bearish”
When I hear “I’m bullish today” or ” I’m bearish right now” I don’t know what they mean because the terms are too subjective. One bullish person may think corn will rally 25 cents, while another thinks $1. Both of these thoughts are technically bullish, but they are very different estimates. Instead, a better question would be, “How bullish or bearish are you?” By being more specific, farmers can have a better perspective of potential.