Using Your Bean To Market Your Grain

5/27/22 – Using your Bean to Market your Grain – today we discuss the Hedge to Arrive contract for pricing bushels that will be delivered at harvest time… how does this contract function, how does it work, how does it fit into your marketing plan…. all this and more addressed in this week’s program.
5/20/22 – with Jeff Peterson, Heartland Farm Partners, Lincoln. This week we talk about how to keep up with the demand picture in corn in between WASDE reports.
5/13/22 – Using your Bean to Market your Grain – this week we dive deep into the May WASDE report…. there were adjustments made in various categories of grain supply and use that we typically do not see this early in the growing season, but they are not unprecedented, either….. how do these changes affect the attitude of the market, and how do we use this new information in our marketing plan.
5/6/22 – Using your Bean to Market your Grain – This week we discuss the May WASDE report, due out on May Why is this a report worth watching? What could grab the market’s attention? What impacts could this report have on the market? We’ll talk about all these things and more in this week’s segment.
4/29/22 – Using your Bean to Market your Grain – Today we discuss the weekly crop progress report. What is it, how is it compiled, and how can we use it in our marketing plan…. those are the main topics for today.
4/22/22 – Using your Bean to Market your Grain – This week we look at another strategy of ways to address the fear of selling grain and missing out on higher prices – today we look at the use of a put option as a mechanism to address that fear.
4/15/22 – Using your bean to market your grain – this week is an expansion of last week’s topic…. in an effort to protect our cash grain sale, and give us upside potential, producers can use call options to do that…. this week we walk thru using a call option and how it impacts our marketing plan if the market goes up or down.
4/08/22 – Using your Bean to Market your Grain – This week it’s back to our discussion about long term risk management and having a plan to market your grain. This week we address the fear of missing out on higher prices… there are several ways to position yourself to make good decisions now AND have upside potential later.
4/01/22 – Using your Bean to Market your Grain…… this week we pause on the building of our overall marketing plan to talk about the 2 big reports from USDA this week…. Prospective Plantings and Quarterly Grain Stocks reports…. Lotsa soybean acres, not so many corn acres, more grain being held on farm and off farm compared to last year…. what do these numbers mean for our marketing plan? Jeff has more in this week’s report.
3/25/22 – Using your Bean – continuing on the theme of putting together our complete marketing plan, this week Jeff talks about tools that help you to determine when to sell grain… there are technical signals, there are supply and demand ratios, in addition to averaging and profitability triggers, and there’s ways to use them in combinations as well.
3/18/22 – Using your Bean – this week Jeff and I talk about what tools do you use to decide WHEN to market your grain…. Main topics this week include making decisions based on profitability…. And the idea of using time or averaging as a decision tool…. More to come on this topic next week.
3/11/22 – USING YOUR BEAN TO MARKET YOUR GRAIN – This week we discuss getting over the fear of not producing enough grain to meet our pre-harvest marketing commitments. We’re told that a better price can be achieved if we market bushels before harvest or even before we plant the crop. However, a legitimate concern is what happens when there’s a catastrophe and the bushels aren’t there…. Jeff and I discuss 2 options to deal with this in our marketing plan…. you can either buy out the contract or work with your grain buyer and roll those bushels to the next crop year…. each is different and depending on what happens in the markets between when you made the agreement and harvest time dictates which works better for you.
3/4/22 – Using your Bean…. This week we dive into the crop insurance decision, now that the spring prices has been established, we put those numbers into our marketing plan and see what sort of actual protection it offers our operation, and what it allows us to do with our marketing plan.
2/25/22 – Using your Bean to Market your Grain – in this week’s program we talk about when to market your grain… do you price grain before harvest or after the combines roll? also this week we address 2 big fears in your plan, the fear of not producing a crop and the fear of missing out on higher prices.
2/18/22 – Using your Bean – this week we discuss the importance of crop insurance to our marketing plan…. why it’s so important and what it allows us to do.
2/11/22 – Using your Bean – we pause the discussion about developing your individual marketing plan and talk about this week’s WASDE report from USDA…. what are the important numbers to focus on from South America, putting those numbers into perspective, and how that might impact endingstocks here in the US.
2/4/22 – Using your Bean….. we continue the development of our overall grain marketing plan…. we review the production elements of the plan, but then get into the conversation about how storage plays a part in our plan, and how the delivery plan can also influence your marketing decisions.
1/28/22 – Using your Bean to Market your Grain – This is the first segment of using production information in the effort to build an overall grain marketing plan…. this week we talk about ways to determine your potential production in the year ahead, what costs go into producing that crop, and how to have an educated guess on your cost of production either per acre or per bushel.
1/21/22 – Using your Bean to Market your Grain – This week we start a series on putting together your marketing plan…. Jeff and I break down why you need a marketing plan in today’s environment, what are the fears that a well thought out plan can address, and what are the different parts of the plan….. stay tuned with us over the next several weeks as we help you develop a marketing plan.
1/14/22 – Using your Bean – This week we take a deep dive and unpack the data dump from USDA on Wednesday…. ’21 final crop production numbers, WASDE, and quarterly stocks all came out on the same day. Jeff takes a look at the numbers for corn and soybeans, we try and calculate a value based on these numbers, and then decide how this impacts our grain marketing plan.
1/7/21 – Using your Bean – this week it’s a preview of the USDA January reports, including the WASDE and the final crop production numbers for 2021…. what could change in these reports…. what are the estimates going in….. could USDA adjust numbers in South American production….. all these factors are in play for the Jan 12th reports.
12/31/21 – Using your Bean to Market your Grain – on this week’s program, little change in tone and a call to action on our marketing plan….We’ve been highlighting the elements of a weather market as it relates to what’s going on in South America, and it seems as though there are signs that the weather market is advancing thru its stages pretty quickly… that means it’s time for us to act with our marketing plan, and Jeff and I talk about tools that can be used to accomplish both old crop and new crop grain sales.
12/24/21 – Using your Bean to market your Grain – Part 2 of our discussion about a weather market…. this week Jeff talks about how the weather market can be used in your marketing plan…. how does the weather market interact with the technical and fundamental sides of the market, and what is being monitored right now.
12/17/21 – Using your Bean to Market your Grain – Today Jeff and I recap the elements of a weather market. Why in December? Because of the South American growing season! Jeff highlights the different stages of a weather market, what is currently happening in SAmerica, and could this have an impact on yields
12/10/21 – Using your Bean to Market your Grain – This week we recap the WASDE report that was out on Thursday morning…. Why were there no changes made to ending stocks….. what does that mean for relative fair value of the grain….. and does this indicate any action in our grain marketing plan?
12/3/21 – Using your Bean – week 2 of our discussion about what’s going on in South America…. This week Jeff discusses what is happening weather-wise in Brazil and Argentina, why it’s important to follow the weather and happenings in South America, and how we can use that information in our marketing plan.
11/26/21 – 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.