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Letter "D" » Darrel Good Quotes
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«Similar to corn, USDA soybean production forecasts had the largest impact on soybean futures prices in August, with recent price reactions appearing somewhat larger than in the past.»
Author: 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.»
Author: Darrel Good
«The forecasting comparisons for soybeans were somewhat sensitive to the measure of forecast accuracy considered. One measure showed that private market forecasts were more accurate than USDA forecasts for August regardless of the time period considered. Another measure showed just the opposite.»
Author: Darrel Good
«Similar to corn, USDA soybean production forecasts had the largest impact on soybean futures prices in August with recent price reactions appearing somewhat larger than in the past.»
Author: Darrel Good
«However, if bird flu results in a permanent reduction in world poultry production, an increase in red meat production might eventually be required, resulting in increased feed consumption in the long term. Domestic demand prospects also remain strong due to increasing livestock production and expanding ethanol production. These developments should support increased corn consumption well beyond the 2005-06 marketing year.»
Author: Darrel Good
«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.»
Author: Darrel Good
«At this juncture, it appears that U.S. corn consumption and demand prospects are stronger than prospects for U.S. soybeans.»
Author: Darrel Good
«Most analysts are on record with expectations of a decline in corn planting intentions and an increase in intentions for soybeans. The debate generally centers on the magnitude of the changes. Acreage of spring-planted crops, however, could deviate from intentions due to escalating spring wheat prices; potential for abandoned hard red winter wheat acreage to be replanted to other crops; changes, if any, in price relationships of spring-planted crops; and spring weather conditions.»
Author: 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.»
Author: Darrel Good
«That level of use is historically consistent and provides evidence that the size of the 2005 harvest has been accurately estimated.»
Author: Darrel Good
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