Making sense of the mystery of the market
Growers know all about planting and harvesting. But, for many, the ebb and flow of the grain markets remains inscrutable. Here, the marketing development manager for a major grain company offers some guidance
by TONY BALKWILL
Don Kabbes is sitting in front of several monitors wired directly to the network of the Chicago Board of Trade (CBOT). On the screens are colourful graphics, depicting endless numbers of pennies, dimes and quarters being spent or paid.
With the click of the mouse, prediction charts surface showing end-user stocks. Another click to an e-mail: “USDA reported a 250k MT corn sale to an unknown destination.”