MARKETS NEWS
Jerry Gulke DTN Columnist
Mon Jul 1, 2013 07:50 AM CDT

While the report last Friday was in line with my thinking for the past nine months, it apparently was a shock to the trade. Based on the comments on some ag blogs and from chat rooms, a lot of producers were apparently blind-sided, along with the rest of the market. The thought that 2013 crop prices would rally back up to last summer's highs of 2012 continued to influence marketing, as reflected by the poor forward contracting of grains. That thought also likely influenced some to plant well beyond a normal cutoff date.

The thoughts expressed in this column that ...

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