I think this is a spring that most of us will never forget. From a marketing perspective, we experienced several curve balls since I wrote my last Crop Talk article. We had bullish sentiment going into the March 29th Quarterly Stocks and Planting Intentions, only to find more grain and higher planting intentions for corn. That caused prices to tumble. With that we put spring lows in Dec corn and Nov beans on May 13th at $3.63 and $8.15 ½.
Categories: CropTalk, 2019
Tags: CropTalk, grain marketing
Several months ago, I wrote about the importance of developing your grain marketing plan. That plan should help you understand your cost of production and determine a breakeven price at average or crop insurance (APH) yields. You should be thinking about the price where you are willing to begin selling your new crop. I have targets in mind for my plan and will be watching for opportunities to price during the “too season” — too wet, too dry, too hot. The "too season" is the best opportunity in the spring/summer market.
Tags: CropTalk, grain marketing, Customer Talk
My name is Peter Schram. I was born and raised on a corn, soybean, and cattle farm in eastern Nebraska. I later attended the University of Nebraska, earning an Agribusiness Degree and an MBA with an emphasis in Agribusiness. I’m currently help out on the farm that my family and I own in Nebraska and I personally own and operate a consulting/brokerage business in which I focus on helping build marketing plans. I have now purchased grain for over 25 years, first at Cargill and now at Beck’s and I am passionate about helping farmers make profitable decisions.
Categories: Ag Education
Tags: Ag Education, marketing your grain, grain marketing