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Successful Marketing April Newsletter Is Out
DES MOINES, Iowa—“Commodity prices turn higher.” It’s a phrase that doesn’t get used as much as it used to.
But, this month’s issue of the Successful Marketing Newsletter capitalized on the recent run-up in the soybean and grain markets, to offer subscribers much-needed optimism.
Though the USDA dealt a buzz-kill with its March Planting Intentions Report, Al Kluis, Kluis Commodities, reminded farmer-customers that the March markets delivered, much like they always do.
“When the calendar turned the month of March, grain prices took off. This has happened often over the last 40 years,” Kluis stated.
It’s a good sign that March prices rallied, because it helps get the markets closer to next resistance levels, Kluis says.
“In late February and early March, I encouraged you to hold on, to not panic, and to avoid sales. So far, so good,” Kluis stated in the Successful Marketing newsletter’s front page.
And there is more good news, at least for this year’s crop-season. The Successful Marketing Crop Input Index is showing that input expenses enabled farmers to lower corn production costs from about $4.00 per bushel down to $3.60 to $3.80. Soybean production costs have dropped from $10.00 per bushel to about $9.50.
“Crop input expenses for most farms move up fast when grain prices go up, but they are slow to fall when crop prices drop,” Kluis stated in the monthly newsletter. “Even with a recent small increase in fertilizer prices, most are reporting that 2016 input costs ae down 10% to 12% from last year.”
Do you want to know about being a successful grain marketer? You can subscribe to the Successful Marketing newsletter online at successfulmarketing.com/deal. Or, subscribe now by calling 1-800-374-3276.