As the grain markets factor in this year’s crop size and prices find their footing, there are different scenarios that could occur.
Now is the time to plan and prepare. Set targets to begin buying and execute if prices reach those levels.
Searching for basis improvement, selling carry, and selling rallies are a few actions to put into practice.
As summer marches on and a more refined expectation for this year’s crop develops, it may be worth looking for strategies that could add value.
While crop ratings indicate a trend of crop progress, they don’t necessarily accurately reflect whether crop yield potential is increasing from week to week.
Opportunities in the corn market have begun to present themselves, says market analyst Bryan Doherty. This is especially true in deferred futures contracts.
Farmers are urged to stay disciplined and to sell into rallies.
During this month alone, December corn futures reached a new calendar-year high and a new calendar-year low.
As weather goes, so likely will prices.
Energy prices have been declining since peaking in December, with August crude oil futures peaking near $57 and now trading under $44 per barrel.