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Al Kluis tells farmers what to do now and how to manage your marketing so that you don't miss out.
Seasoned commodity trader Al Kluis shares some early thoughts on your 2016 marketing plan and how USDA report data can help you.
Even after more than 40 years in the business, I am still confused by the impact of crude oil prices on the stock and commodity markets.
In the 1970s, I was just learning about the futures market when OPEC (Organization of the Petroleum Exporting Countries) got tough for the first time and raised the price of crude oil.
In 1973, OPEC flexed its muscle and embargoed oil exports. Crude oil prices flew from $10 per barrel to $40 per barrel. This had an inflationary impact on the U.S. and global economies.
Al Kluis is no crop insurance agent, but crop insurance is very crucial to his historically successful three step risk management plan for farmers.
Pay particular attention to weather and crop size when watching the market.
With beans at these prices, soybean farming in Brazil is profitable. Farmers will continue to increase soybean acreage by taking land out of pasture and hay, and planting more soybeans.