Marketing Lessons Learned From a Pro

By Fred Evans – March 30, 2017

 

A young grain producer and I were recently speaking about marketing and he expressed frustration in his quest to do a good job at pricing his crops.  While he does an excellent job of producing his crops on the 1,000+ acres he farms, he feels out of his league when he ventures into the world of grain marketing at the CME.  I acknowledged his concerns and encouraged him to keep learning as much as he could about marketing, and to practice a degree of patience.

I explained to this producer that achieving a level of comfort and success with marketing often takes years.

The News & What it Means – US Hard Red Winter Wheat Ratings Low & Aussie Canola Plantings High

By John DePutter & Dave Milne – March 29, 2017

 

The News:

US Hard Red Winter Wheat ratings are far below last year. The Kansas wheat crop condition is rated at only 38% good to excellent, down from 56% last year at this time. Oklahoma’s crop is rated 37% good to excellent, down from 63% last year at this time.

– USDA, March 27.

 

The News & What it Means – Game-changing US Weather & Chicago Grains and Oilseeds Fall.

By John DePutter – March 22, 2017

 

 The News: Weather outlook could be game-changer for U.S. corn, soy planting.

The latest outlook from the U.S. government predicts warmer-than-average weather that could have a game-changing impact when the U.S. corn and soybean planting campaign gets underway…”

– Reuters

 

The News and What it Means – Surprising South American Corn Forecast & Implications of Crude Price Drop

 

By John DePutter and Dave Milne – March 13, 2017

 

The News

USDA raises its forecast for 2016-17 Brazilian corn output by 5 million tonnes from last month, to a whopping 91.5 million. Argentina’s crop is revised up 1 million from last month to 37.5 million tonnes. That’s a new record high for the two countries, up 34.3% from a year earlier.

   —USDA monthly global crop update, released Thursday.

 

The News & What it Means – Canadian Interest Rates Hold Steady & US Midwest Dryness Increasing

 

By John DePutter and Dave Milne – March 6, 2017

 

The news: No change for Canada’s Bank Rate

Citing continued uncertainty and concern over the state of the domestic economy, last week the Bank of Canada maintained its overnight rate at 0.5%, where it has been since summer, 2015.

“While there have been recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent economic slack in Canada, in contrast to the US,” the Bank said.

     —From multi-media sources.