SOYBEAN OUTLOOK

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SOYBEAN OUTLOOK Southern Regional Outlook
Conference September 24-26, 2001 Atlanta, GA
George A. Shumaker, PhD Extension Ag
Economist University of Georgia
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MARKETING STRATEGIES

• TWO POOLS OF MONEY!
• FARM PROGRAM
• MARKET SALES
• OBJECTIVE IS TO MAXIMIZE AMOUNT TAKEN
  FROM BOTH!

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CURRENT PARAMETERS

• Generally, a strong basis exists now pointing
  toward selling. Weaker basis at local points in
  GA/SC/KY
• Spreads Jan7 Mar6 May1 Jul3
• Market Price and POP/LDP are inversely related.
• Current POP is about 70-85 cents.
• Storage costs 7-8 cents/mo.
• Calls Jul 4.80 call 25 cents5.00 20

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Nearing the Lower Third of the Long Term
Range and below the projected season average
price.
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Modest Rallies in two of last three years but
shorter term modest falls in two of last three
years.
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Island Top
Bearish Moving Ave
Short term trend is down!
Potential Gap Target?
Bearish RSI
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Long Term Resistance
There are some upside targets for when the
trend changes!
Also a gap on the weekly chart!