Downside corn price risk holding strong despite planting delays
The big corn crop from 2013 hangs heavy over the market, but international instability, a sluggish planting season, and fewer corn acres are making things interesting for the future of corn prices. In...
View ArticleUSDA’s AMS working with Serbian meat industry
USDA’s Agricultural Marketing Service has the vital mission helping market American agricultural products competitively in the marketplace. One way AMS meets this mission is through our globally...
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On-farm grain storage offers farmers higher profit potential and flexibility
Given opportunities for higher return on investment and more flexibility at harvest, experts said on-farm grain storage can be a key component of any farmer’s grain marketing plan. Mitch Finney...
View ArticleNational Pork Board examining international marketing opportunities
The National Pork Board recently announced a study that will explore alternatives for promoting pork’s quality and sustainability benefits with international consumers. The study, to be conducted by...
View ArticleLong term planning changes marketing perspective
Selling forward This week I was asked, “How can you feel comfortable selling so far forward without knowing your future production costs?” Because I analyze and monitor historical input costs. On our...
View ArticleSelling the carry can be profitable
For the next week, the market seems to be at a standstill until harvest is fully underway in the Midwest. End users won’t pay up for grain with the record yield projections and farmers won’t sell corn...
View ArticleThe importance of setting marketing goals
The market appears to be trading sideways until the New Year when traders get back to a full week of trading. Also, many in the industry are waiting for direction from the January USDA report. With the...
View ArticleSelling forward with a production budget in mind
Where will corn and bean prices go? Corn has a big technical resistance at $3.77 (100-day moving average). So far, the market has held this price as a floor. Some still estimate $4.25 as an upside...
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Soybean basis selling strategy
There was a small rally for the week in corn and beans. While nice to see, it was probably caused mostly by a drop in the value of the dollar. Speculators bought grain to cover their short positions...
View ArticleMarketing to Millennials important for the future of businesses
For those in previous generations, getting a handle on understanding the purchasing behaviors of the Millennial Generation can be somewhat vexing. At no point in recent generations has there been a...
View ArticleDirect marketing meat
Rory Lewandowski, Extension Educator, Athens County and Buckeye Hills EERA As the interest in locally produced and marketed food grows, livestock owners may find non-farm neighbors and friends asking...
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Lower prices likely as harvest answers yield questions
The pleasant surprises in the fields for farmers across the country are painting a gloomy picture for those looking for higher prices in the near future. “The crop is bigger than we think and the...
View ArticleOnline grain marketing conferences
Growers who want to experience grain marketing using real-world strategies without any of the real-world risks can take advantage of a series of online courses taught by experts from Ohio State...
View ArticleOhio Corn Marketing Program Referendum gets a “yes” vote
The Ohio Department of Agriculture today certified the results of the Ohio Corn Marketing Program Referendum. The referendum, seeking to increase the state checkoff on corn from ½ of a cent to ¾ of a...
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Marketing on what is known
By Jon Scheve, Superior Feed Ingredients, LLC Practically everyone in the grain trading world is saying “I didn’t see that coming” after a 70-cent corn price drop over the last 30 days and a $2 per...
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Consider storage expenses in marketing
By Jon Scheve, Superior Feed Ingredients, LLC I’ve noticed far fewer bad corn crop pictures and farmer complaints this year versus previous years. Most farmers are generally happy with crop conditions....
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Marketing plans for the big crop looming
By Jon Scheve, Superior Feed Ingredients, LLC The upcoming corn and soybean harvest is expected to generate the largest crop ever. Combine that with one of the largest carryouts ever and it’s panicking...
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What path will you choose for this cattle cycle?
By John F. Grimes, Ohio State University Extension Beef Coordinator Based on reports from USDA and industry analysts such as Cattle Fax, it appears that the aggressive expansion of the U.S. beef...
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Developing a marketing strategy approach
By Jon Scheve, Superior Feed Ingredients, LLC For the last 8 years the price of December corn on the last trading day of November has always been lower than the last trading day of October. Corn closed...
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Corn at the halfway point
By Todd Hubbs, Department of Agricultural and Consumer Economics University of Illinois The midpoint of the 2018-19 marketing year for corn arrived on Friday, March 1. Typically, the market begins to...
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