Now, we turn to a critical yet often overlooked aspect of farm marketing: you must know when to alter your plan and when to stay the course. We’ll also explore common behavioural traps that derail even the best-laid strategies.
Tag Archives MarketsFarm
How to review and fine-tune your grain marketing plan
Don’t let greed, fear or wishful thinking steer you away from a solid plan
How to use the tools to build a sound grain marketing plan
Organize your marketing strategies to balance maximizing revenue, ensuring cash flow and limiting risk
This week, we turn to the nuts and bolts of marketing: what options do you have? How do they work? And most importantly, how do they fit into an overall strategy that maximizes opportunity while managing risk?
How your grain marketing plan helps you deal with volatile markets
Predicting how global events will unfold is a struggle for even the most respected grain market observers
Predicting how global events will unfold is a struggle for even the most respected grain market observers.
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
ICE weekly outlook: canola market heading towards choppy waters
Markets will pause to see how the crops finish developing: analyst
Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man. “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview, […] Read more
At Ag in Motion: Significant Prairie yield drop expected
'A lot of damage done' by drought, Bruce Burnett says
MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There […] Read more
ICE weekly outlook: C$900 per tonne in reach for canola
Black Sea deal's end, Russian attack on Odesa, pushing all prices up
MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise. The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
ICE weekly outlook: Canola climbs on weather worries
Demand rationing also seen as supportive
MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
Market expert urges cautious approach for forward grain selling
That caution is well advised going into this growing season given the state of subsoil moisture across the Prairies. That’s the word from Bruce Burnett of MarketsFarm, which provides expert analysis on the markets and crops grown in Western Canada. As MarketFarm’s director of markets and weather information, Burnett specializes in assessing weather conditions and […] Read more
AUDIO: How weather could shape your grain marketing options in 2023
Some grain farmers have been cautious about forward selling after the drought of 2021 left to them short of the crop needed to fill their contracts and the cost of buying their way out of them soared. MarketsFarm analyst Bruce Burnett says that caution is well advised, given the state of subsoil moisture across the […] Read more
Cyber-Savvy Farmer
