Grain Market Viewpoint

Market your old-crop corn bushels

Table of Contents:

I have been asked several times as of late by producers, "What should I do if I am way behind on both old and new-crop sales?" This is a tough question because I personally believe everyone has to define and develop their own personal marketing plan.  Even more important than "designing" the plan, I believe is being able to "execute" the plan. Everything looks easy on paper, but are you honestly following your predefined roadmap?

Unfortunately this is where most drop the ball. For me, I prefer to make a good portion of my sales early (if profits are on the table) to take some of the emotion out of the game in the later innings. Simply stated, by reducing the "emotion" I am able to more easily "execute." I'm not trying to avoid the question, I am just pointing out that I design my marketing plan to avoid the proverbial belly-aches and to avoid getting myself in a situation like this. If I had drifted off course and found myself with a large dose of old-crop still in storage and almost no new-crop priced heading into pollination, I would be asking myself a zillion questions about cash-flow, liquidity needs, potential storage complications if prices don't rebound before I harvest new-crop, etc...

Bottom-line: Dumping the old-crop bushels and holding off on any new-crop sales obviously makes the most sense. It creates cash-flow, frees up available storage and buys lots of additional time. Also with new-crop prices well below the spring revenue insurance guarantee of $4.62 per bushel, I see no real need to start making new-crop sales at this stage.                                       

 

Discuss this Blog Entry 2

on Jun 16, 2014

That's right! If you have the old crop corn you need to sell for it so it will be released and will have a new crop corn to have. - Flemings Ultimate Garage Reviews

on Sep 9, 2014

amazon Jus Kulit Manggis Obat Herbal Alami Penyaki Kanker Paru-paru. Kanker merupakan salah satu penyakit yang sangat membahayakan. Apabila seseorang terserang kanker, ia pasti mulai kehilangan harapan hidup karena sampai saat ini belum ditemukan obat pasti yang mampu mengobati penyakit kanker hingga sembuh. obat kanker paru paru herbal

Post new comment
or to use your Corn and Soybean Digest ID
What's Grain Market Viewpoint?

Grain Market Viewpoint

Contributors

Kevin Van Trump

Kevin is a leading expert in Agricultural marketing and analysis, he also produces an award-winning and world-recognized daily industry Ag wire called "The Van Trump Report." With over 20...
Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×