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.
An uptrend in the cattle market allows producers to take no risk-management moves and get away with it. However, a current falling market trend screams, “Take action!”
Be ready for a sharp rally, as it could occur in weather-driven markets. The key is to have ownership so you’re rebalanced and can take advantage of higher prices to pull up your average price.