How do you market grains?

7 Tips for Marketing Commodity Grains

  1. #1. Control Emotions.
  2. #2. Capitalize on Forward Contracts.
  3. #3. Pay Attention to Seasonal Highs.
  4. #4. Don’t Get Greedy.
  5. #5. Keep Storage Costs in Mind.
  6. #6. Take Advantage of Narrow Basis.
  7. #7. Stay Informed on Ag News and Crop Reports.

What is basis in grain marketing?

Basis is defined as the amount in cents per bushel a specified local cash price is above or below a futures price for a specified delivery month. Stated as a formula: Basist = Cash Pricet – Futures pricet where t equals time.

How do farmers sell grain?

Grain farmers can sell at harvest or store their crops for later sale. Commodity futures markets, options, and cash contracts give crop and livestock producers the opportunity to price before delivery. Some farmers also have an option of selling to different buyers at different market locations.

What are farmers marketing strategies?

Marketing Strategies for Farmers and Ranchers

  • Farmers Markets.
  • Community Supported Agriculture.
  • On-Farm Sales and Tourism. On-Farm Sales and Tourism, Page 2.
  • Direct Marketing Meat and Animal Products.
  • Season Extension.
  • Value Added Products.
  • Sales to Restaurants and Institutions.
  • Buy Local Campaigns.

How do I become a better grain marketer?

Be a better grain marketer

  1. Know your buyers.
  2. Know your product.
  3. Spread out sales.
  4. Monitor the markets.
  5. Get help if you need it.
  6. Have a sounding board.

How do you know when to sell grains?

By tracking your basis over time, you can tell whether the current basis is signaling you to sell or store your grain. If basis is higher or less negative (narrower) than the average basis for that time of year or the recent trend, the local elevator could be signaling you to sell your grain.

What is the price of soybeans now?

The price shown is in U.S. Dollars per bushel. The current price of soybeans as of April 21, 2022 is $17.4825 per bushel.

Why are grain elevators tall?

The tall and skinny silos are so useful because it’s straightforward to get the grain in them, and it is easier to keep it spread evenly inside as well.

How do grain elevators make money?

The basis, as well as transaction, handling and dryer fees, are the main ways that the elevator makes money – rather than through changes in the futures price. In fact, if you sell corn to an elevator and the price of grain rallies, they have to pay interest on the money to fund their short futures position.

How do you attract farmers?

5 Ways To Attract Farmers Market Customers With Signs

  1. Make Signs Readable & Visible. Signs can be any different shape or size, but just make sure they are easy to read from at least 20 feet away.
  2. Say Where You’re From.
  3. Push Your Growing Practices.
  4. Advertise Your Unique Qualities.
  5. Tout Your Experience.

Why choose Openfield?

More than just grain: Premium products and services to help you get the best for your business. Openfield’s vision is to be an integral part of our farmers’ and customers’ businesses, building unique relationships that create value.

Why commit your grain to US?

When you commit your grain to us, you automatically become a shareholder. We can use our size, scale, strength and long-standing experience to secure the very best deal for you. With demand still outstripping supply, the UK’s fragile supply infrastructure needs to be future-proofed, but at what (and who’s) cost?

Why do farmers need to rebuild global grain stocks?

With demand outstripping supply due to weather extremes across the world, global stocks need to be rebuilt over the next few years – and farmers are the ones in the driving seat. As farmers in the Northern Hemisphere contemplate the quality and size of their crops, the world’s grain traders and consumers are trying to […]

How can I learn more about the agriculture industry?

One of the best ways to get an insight into the industry is to keep an eye on the farming press. Farmers Weekly offers discounts on subscriptions to students and also has a dedicated careers page. Another way to learn more about agriculture is to talk to people who are already in the sector and start to pick their brains.