I sold my house about a year and a half ago. You know what the market did after that? Skyrocketed. That’s right. At the time, I thought we were reaching the top. Yet it just. kept. going. higher. So of course, I kept looking back thinking, “Why didn’t I just hold onto it a little…
Category: Grain Market
Feeling apprehensive about your marketing plan pre-report?
Tell me. Are you risk averse, or a risk taker? Here’s where me and the Farm Guy Next Door sit on the scale of risk tolerance: If we’re making a bet on something trivial, I’m more likely to bet $5-10. He’s more likely going to bet at least $50-100. Now, my track record on winning…
This might as well be written in Spanish…
“If ever there was a time to learn and utilize multiple marketing tools, it is this year. The near-term trend of sideways price action is providing you the opportunity now to position yourself with smart preplanned marketing decisions. Invest in the future by controlling volatility with the appropriate marketing tools that are right for you…
Why we use offers to help execute our marketing plan
Want me to tell you a sin I committed Sunday evening (1/3)? I did what every good marketing advisor says you shouldn’t do. I checked to see if there was a way to remove the firm bid offer we had in for $4.75 cash corn for February delivery to our local grain buyer when the…
Feeling Bullish? How to use a call option to capture value if the market rallies
One of the most frequently asked questions I get on Farm Girl Next Door is, “How do I use futures & options?” Let’s start by talking Pelotons, because who hasn’t been talking about Peloton bikes and home gyms this year… What if back in January, someone bought an option for $50 that gave them the…
Why should you be tracking cash bids?
I’m forgetful. There, I said it. I’ll own up to it… And now the Farm Guy Next Door just heard (read) me admit it. I have to write things down or else it’s like they disappear into thin air and are never found again. (i.e. some things the Farm Guy Next Door tells me and…
Using Futures Pricing Orders During Harvest
Hope harvest is going well for you all! If you’re reading this in the tractor, it should provide you between 2-5 minutes of educational “entertainment.” 🙂 Over here, we just finished up beans and moved on to corn. Considering we’re in the thick of harvest, let’s talk harvest marketing and a strategy that may be…
What is the WASDE Report?
Numbers. When people start talking numbers with little description, do you simply start tuning it out and then realize you didn’t hear a bit of what was said? No? Just me then… 😉 Crop reports contain a LOT of numbers and not a lot of explanation of how they relate to one another and how…
What is ‘Old Crop’ anyways?
Sometimes, terminology in grain marketing just makes me laugh…like ‘old crop.’ I mean, if my corn’s been in the bin for 4 years, that’s getting up there in age, but selling in March after I just harvested it in October is considered ‘OLD?’ So that begs the question, “what do people mean when they refer…
What is Grain Marketing?
“So you do marketing for grain! That’s great, where do you advertise and promote it?” It might surprise you how much I received this response when I would tell people I helped farmers market their grain. It makes sense though. When the term ‘marketing’ is used outside of the Ag industry, it is almost always…