Similar to the last two wheat marketing years, 2017/18 has started with high prices at harvest that have since declined. See how some of this price decline might be recaptured by pricing grain in on-farm storage for future delivery.
The big surprise in the markets last week was the USDA World Agriculture Supply and Demand Estimate (WASDE). The report projected U.S. average soybean yield 3.1 bushels per acre above the trend line at 49.6 bushels per acre. What can this mean for marketing your old crop soybeans or pricing this year's crop?
A new interactive, online tool can help you better understand and monitor local elevator basis levels and trends for corn, soybean, and wheat, which may help you garner a higher cash price for your grain.
Some farm leases are not written, but are verbal or "handshake" agreements, the details of which may be remembered differently by both parties. This article addresses the deadline for giving termination notice for crop land leases (Sept. 1), how the requirements differ for crop and pasture lands, and links to sample written leases.
When developing a post-harvest marketing plan, your objective should be to obtain a higher price than the cash price offered at harvest. This article discusses five strategies to post-harvest market winter wheat.