Posts in Marketing
Economic and Policy Update

Our current agriculture economy is on the rocks. Producers are experiencing low prices, some areas have gotten no rain, we have rising or steady costs of inputs, increased labor costs, tariffs and trade agreement turmoil…. all in all there are tight margins with little to no profits.

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MarketingJennifer Elwell
The World on April 4

“May you live in interesting times” is attributed to a Chinese curse. The times are indeed interesting in the grain markets, as China has announced proposed tariffs on corn and corn products; soybeans and soy products; and wheat.

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MarketingJennifer Elwell
Meeting to focus on grain storage issues

Tight marketing conditions have caused many growers to store larger amounts of grain for longer periods. To help producers work through some potential grain storage issues, University of Kentucky College of Agriculture, Food and Environment specialists are hosting the Postharvest Grain Management Meeting Feb. 28. Registration will begin at 8 a.m. CST at the Daviess County Extension office in Owensboro.

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UK Crops Marketing and Management Update

A key component of marketing stored grain is monitoring local basis and understanding the seasonal components of basis. Figure 1 and Figure 2 show the monthly average corn and soybean spot basis, respectively, for 12 Western Kentucky markets. Notice that basis tends to follow seasonal patterns with the widest level at harvest with appreciation into spring and early summer.  

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MarketingJennifer Elwell
UK Crops Marketing and Management Update

The August and September Crop Production reports disappointed market bulls as expectations were that a less than perfect growing season would produce trend-line or below-trend yields. The potential of a smaller crop would then allow stocks to decline and provided a needed boost to market prices. 

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MarketingJennifer Elwell