Marketing grain in the bin can take a backseat to field work this time of year; however, given the current market, those with grain in storage need to be vigilant to changes in futures price, adjustments in basis, and accumulating storage expenses. Examples of stored corn and soybean at two Nebraska sites illustrate how storage costs can add up over time.
When commodity prices go down, it’s important for farmers and ranchers to keep financial books on the ranch for more than just tax time. This March Nebraska Extension is continuing its workshops on how to use Quicken software for farm finances.
Location- and commodity-specific grain marketing information will be presented during the Nebraska Extension Grain Marketing Workshops to be held across Nebraska this winter. The meetings will provide information and tools to help grain producers minimize losses during this time of low prices.
The Nebraska Extension Grain Marketing Workshops continue this month with location- and commodity-specific grain marketing information and tools to help grain producers minimize losses during this time of low prices.
This article looks at historical price patterns which can be used to determine a pre-harvest pricing strategy. Because of the record high ending stocks placing pressure on all three futures traded commodities, we will present both a 20-year average price pattern and a pattern for years with very high ending stocks for each.