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Economic and Commodity Outlook ASFMRA Denver, Colorado October 30, 2009

Economic and Commodity Outlook ASFMRA Denver, Colorado October 30, 2009. THREE BIGGEST EVENTS of LAST TWO WEEKS. October 17,2009 Purdue 26 THE Ohio State 18. October 24,2009 Purdue 24 Illinois 14. October 24,2009 Iowa State 9 Nebraska 7. General Economy. Where are we headed….

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Economic and Commodity Outlook ASFMRA Denver, Colorado October 30, 2009

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  1. Economic and Commodity Outlook ASFMRA Denver, Colorado October 30, 2009

  2. THREE BIGGEST EVENTS of LAST TWO WEEKS

  3. October 17,2009 Purdue 26 THE Ohio State 18

  4. October 24,2009 Purdue 24 Illinois 14

  5. October 24,2009 Iowa State 9 Nebraska 7

  6. General Economy Where are we headed…

  7. CASH for CLUNKERS was A GOOD DEAL

  8. GOT a LOT of OBAMA BUMPER STICKERS OFF THE ROAD

  9. Economic Overview While some economic indicators are hinting the recession is ending – it isn’t. Unemployment remains high with little sign of improvement. Deflation continues. This will be the decade of Three Bubbles: The High Tech Bubble of 2000. The Housing Bubble of 2005-06. The Commodity Price Bubble of 2008.

  10. Name this country…

  11. Richest in the world • Largest military • Center of world business and finance • Strongest education system • World center of innovation and invention • Currency the world standard of value • Highest standard of living

  12. ENGLAND

  13. In 1900

  14. 1 of every 8 couples married in the U.S. last year met online

  15. Dow Jones Industrial Average, Continuous Monthly With Disparity Ratio

  16. Dow Jones Industrial Average, Daily

  17. US Dollar Index, Continuous Monthly

  18. Gold Futures, Continuous Monthly

  19. GCZ9

  20. Crude Oil, Continuous Monthly (NYMEX)

  21. Agriculture Overview Grain prices have likely bottomed for this marketing year Livestock profits will improve Ethanol production will increase Fertilizer supplies could get tight All ag commodity prices will be very volatile.

  22. Ethanol Plants in Production

  23. Ethanol vs. Gasoline Futures

  24. Can Ethanol Demand Reach 4.2 Billion Bushels in 2009/10?

  25. Natural Gas Futures, Continuous Monthly

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