Marketing your crop is how you get paid, and it never takes a day off. Preparing for the future is paramount, even when prices are not moving.
The key for end users is to stay alert, and prepare to pull the trigger on needs for the year ahead.
There are strategies that will help protect you from adverse prices, and even allow you to benefit in certain situations. The potential for rising prices is a reason to consider a ratio call spread.
A price dip of over 50% of the recent range should be viewed as a long-term opportunity to purchase call options.
It was announced this week that President Trump has signed a second payment through the Market Facilitation Program.
Every year is different. In recent years, strong price rallies have been limited due mainly to large world inventories.
Take the time to lay out a strategic approach to your sales, knowing how many bushels you want to price and at what levels. Get your orders in place.
What happens if there is a breakthrough? What happens if trade talks break down and tensions escalate? Soybean producers should prepare for all scenarios that could create price changes.
Monthly charts would suggest the trend for corn and soybeans is sideways.
Uncertainty about the upcoming crop can move prices higher in April, May, and June.