Darrel Good Quotes

With the growing season coming to an end, most observers believe that the South American crop will be record large, with more uncertainty about the Argentine crop than the Brazilian crop. U.S. soybean oil stocks at the end of the most recent reporting month--January 2006--were estimated at 2.477 billion pounds, nearly 60 percent larger than stocks of a year ago. Stocks were at the highest level since August 2002. - Darrel Good

Those intentions are widespread geographically, with the exception of Minnesota and North Dakota, where intentions are unchanged and up 240,000 acres, respectively. - Darrel Good

This is contrary to the view that the markets are inefficient and provides substantial opportunities for farmers to gain additional profits through marketing. - Darrel Good

There was tremendous variability among services. - Darrel Good

There appeared to be no trend in the size or direction of forecast errors over the study period. - Darrel Good

The USDA generates crop production forecasts based on estimates of planted and harvested acreage and two types of yield indications--a farmer-reported survey and objective measurements. - Darrel Good

The range of $0.505 is at the low end of historical experience. New highs in the spot cash price are certainly possible, particularly if weather concerns persist into the spring. - Darrel Good

The production intentions of hog producers will be of particular interest. The report will reveal whether producers' modest expansion plans have changed as a result of an extended period of relatively low feed prices. - Darrel Good

The price strength has been a little surprising given the magnitude of the surplus in U.S. corn inventories. However, over the past 32 years, the central Illinois cash price has never established a marketing year high in February, suggesting that even higher prices might be expected sometime over the next six months. - Darrel Good

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