Don’t Wait Too Long

The Department of Agriculture released many crop reports today. As a result, corn, soybeans and wheat prices were sharply lower on the cash and futures markets. In many cases, the drop was 10% or more. 

Prices has steadily risen over the last few weeks and there were many chances to lock in a profit on the new crop. Many times, farmers want to wait for the high of the market to lock in prices and what usually happens is that they get a much lower price than if they simply sell 1/12 of their crop each month.

Every farmer should have a marketing plan (in conjunction with the appropriate help from marketing consultants, if needed). When you can lock in an adequate profit for the crop year, do it! 

Usually you will be much better off than trying to go for the highest price. 

Every farmer should have a marketing plan (in conjunction with the appropriate help from marketing consultants, if needed). When you can lock in an adequate profit for the crop year, do it! 

Usually you will be much better off than trying to go for the highest price.