Using Your Bean To Market Your Grain

11/24/21 – Using your Bean to Market your Grain…. this week it’s a South America update…. progress on planting, weather conditions and the impact of La Nina, and other factors that could impact corn and soybean production south of the equator.
11/19/21 – Using your Bean to Market your Grain with Jeff Peterson at Heartland Farm Partners Today we talk about 3 contract that can be used to market grain…. HTA, Cash Forward, and Basis contracts…. how are they different and which ones should be used to sell grain yet this year, old crop after the new year starts, and possibly come early sales on 2022 harvested corn and soybeans.
11/12/21 – Using your Bean – Jeff and I take the numbers from this week’s WASDE report and plug them in to get a stocks to use ratio… that gives us an idea of what the value of the grain might be… compare that to where the futures are trading and that can help you make more informed marketing decisions.
11/05/21 – Today we preview the WASDE report due out Tues Nov 9 from USDA…. this report could be a market-mover with updated yield and usage data… Jeff talks about how USDA comes up with the yield estimates, and what the market will do with these numbers in the short-term and long-term….
10/29/21 – Using your Bean – Discussion about how to keep track of demand for corn and soybeans quarterly, monthly, and weekly.
10/22/21 – Using your Bean – South America update…. why is SA weather important to our marketing plan, how has planting gone so far, what’s the weather outlook, and how do we use this info in our post-harvest marketing plan.
10/15/21 – Using your Bean – this week we incorporate the recent Grain Stocks data into the WASDE, and talk about setting basis on HTA and hedges, post-harvest grain delivery, and using the carry in the futures market to our advantage.
10/08/21 – Using your Bean – this week we take the quarterly grain stocks number from last week and incorporate it into our marketing plan, looking at the stocks to use and come up with a value of the grain based on historical data in similar situations. Also, Jeff and I discuss South American planing progress, and at what point the market really starts to watch it very closely.
10/01/21 – Using your Bean – a deep dive into the Quarterly Stock Report from USDA, and how we use it in our marketing plan.
9/24/21 – Using your Bean to Market your Grain – Jeff and I discuss the moisture discount schedule on corn…. Last week we highlighted soybeans, and you’ll find out that soybeans are little more simple than corn…. Jeff says there are 4 different ways to tackle moisture discounts with corn, therefore you have to do some math to make sure you’re comparing apples to apples…. we also draw attention to what happens if you let the corn get too dry when you’re making sales.
9/17/21 – Using your Bean to Market your Grain – this week Jeff highlights 2 harvest decisions on soybeans… at what moisture should you harvest and send soybeans to town, and how much foreign material is allowed… both have a cost, Jeff highlights which will net you the most.
09/10/21 – Recapping the Highlights of today’s USDA Reports.
09/03/21 – Using your Bean to Market your Grain – this week Jeff Peterson and I discuss the Hurricane Ida and its impact on the Gulf of Mexico grain export system…. differences in the eastern corn belt vs. the western corn belt, and how those differences might impact the flow of grain coming off the combines.
08/27/21 – Using your Bean to Market your Grain – this week we brush off the marketing plan and refresh some things that should be addressed NOW, right before harvest…. how is this year the same as prior years, how is it different, and how does that impact the storage/delivery decisions
we make at harvest.
08/20/21 – DISCUSSION ABOUT THE PRO FARMER MIDWEST CROP TOUR RESULTS THAT CAME OUT FRIDAY AFTERNOON.
08/13/21 – Using your Bean – discuss the USDA WASDE and crop production information from yesterday, and what the future holds for any potential adjustments to yield projections.
08/06/21 – Using your Bean to Market your Grain – this week we preview the USDA WASDE report due out on Aug 12… this report could be interesting, in that the projected yield for corn and soybeans will be determined differently than last month’s report…. we discuss how it’s different and why that’s important.
7/30/21 – Using your Bean to Market your Grain…. building on our conversation from last week…. more about how we get a yield estimate from the weekly crop progress report.  What goes into it, how big of a geographic area do you look at, current weather influence, and early ideas on what the corn yield might be for this year…
7/23/21 – Using your Bean to Market Your Grain – this week we look at the weekly crop progress report as a tool in the marketing toolbox. How is it put together weekly, what does it indicate in terms of giving us a potential yield, and what do we do with that information?
7/16/21 – Using your Bean to Market your Grain – This week a quick recap of how USDA comes up with the yield estimates in the WASDE report… there is a progression of how that yield number is vetted, and therefore has an impact on stocks and price projections.
7/9/21 – Using your Bean to Market your Grain – This week we take USDA’s numbers from the acreage and stocks reports and plug them into our marketing plan… this way we can have a reasonable estimate of stocks to use and price projections for the upcoming harvest.
7/2/21 – Using your Bean to Market your Grain – we take the information from USDA’s Wednesday reports and take a critical look at the information…. where did it come from, what were the high points, and what do we do with the information.
6/25/21 – Using your Bean to Market your Grain – discussion about the pending USDA reports next week…. How does USDA assemble the quarterly Grain Stocks report and the Planted Acreage report…. could these reports hold surprises this year, and why they are so important.
6/18/21 Using your Bean to Market your Grain…. today’s topics are the RFS and RINs…. alphabet soup? Perhaps… but the Renewable Fuels Standard and Renewable ID Numbers are very much connected to ethanol markets, which impact the corn market, this is why its important to at least understand what they are, how they are connected, and why they are being talked about today.
6/11/21 – Using your Bean to Market your Grain…. this week we recap the WASDE out from USDA yesterday, and take the information and plug into our marketing plan…. but there are other factors that are influencing the markets as well, including weekly crop progress and daily weather runs…. We’ll talk about how to use this information to execute your marketing plan.
6/4/21 – Using your Bean to Market your Grain – this weeks’ discussion focuses on the daily trading limits in corn and soybean futures…. Jeff talks about the recent change to the daily limits, what happens when the markets trade the limit, and how the daily limits are determined by the CME Group (spoiler alert… there is a method to the madness!).
5/28/21 – Using your Bean to Market Your Grain – Part 2 of the series on ways to take advantage of higher prices while protecting against lower prices. This week we examine how the put option can be used in today’s marketing environment.
5/21/21 – Using your Bean to Market your Grain – this week we start a short series on tools you can use now to help follow through on your marketing plan. With the volatility in the markets over the last few months, we talk about the fears that present themselves, and how we can address those fears, preserve value, and raise the level of comfort with your plan.
5/14/21 – Using your Bean to Market your Grain – this week we recap the WASDE report that came out this week… what were the numbers of interest to the market, how did they compare to pre-report estimates, what’s different about this month’s report, and how do we use this new information in our marketing plan.
5/7/21 – Using your Bean to Market your Grain…. discusses changes in the “nuts and bolts” of how the markets operate… including fund limits and changes in daily price limits for corn, soybeans, and wheat.
4/30/21 – Using your Bean to Market your Grain – This week we examine the weekly crop progress report… what is it, how is it assembled each week, and how can we use it in our marketing strategy.
4/23/21 – Using your Bean to Market your Grain – we follow up last week’s discussion about the Safrinha corn crop production discussion with some demand discussion and talk about an expanding corn ethanol market in Brazil.
4/16/21 – Using your Bean to Market your Grain – This week’s discussion focuses on the Safrinha corn crop in Brazil… what it is, how it came to be, and why the markets pay such close attention to it.
4/9/21 – Using your Bean to Market your Grain…. USDA updated their World Ag Supply and Demand tables today…. Jeff has the latest numbers, along with market reaction.  Also, let’s take those numbers and update our price projections and use them in our marketing plan.