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Issue 23 |
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Prairie Grains is the official publication of the Minnesota Association of Wheat Growers, North Dakota Grain Growers Association, South Dakota Wheat, Inc. and the Minnesota Barley Growers Assocation. |
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Copyright Prairie |
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By Marlene Dufault and Tracy Sayler If you're not comfortable with market hedging and trading
jargon, let alone making actual hedging and trading decisions yourself, then consider hiring a professional marketing advisory service. Following is a listing of commercial market advisors that many producers in the
Dakotas and Minnesota call on for market advice and decision making. Along with giving the basics of who they are and what they do, we also asked each contact to provide a marketing tip. It is not a
comprehensive list; indeed, it does not include the many experts at country elevators in the region who also assist their farm customers with marketing. Nevertheless, this list provides additional professional
contacts for you to consider in making marketing decisions. For more commercial market advisors, check out "The Grain Marketing Page" website at
Box 202, Webster City, Iowa 50595 Ph: 800-527-0051 • Fax: 515-832-2507 E-mail: ag-indus@netins.net Services: Futures trading and hedging Marketing Tip: Become more worldly and have a marketing window set up at the beginning of the year.
1215 Prairie Pkwy, W. Fargo ND 58078 Ph: 701-282-8123 • Fax: 701-282-5318 E-mail: agrimark@agri-mark.com Web: www.agri-mark.com Services: Daily commentary on DTN/FarmDayta or E-mail. Full service commodity broker. Marketing Tip: He who does nothing loses. You must be willing to spend money to market your production.
1197 S Columbia Rd Suite D, Grand Forks, ND 58208, Ph: 701-775-1008 or 800-800-4618 • Fax: 701-746-0276 E-mail: BQGF@gfherald.infi.net Services: An informative hedge newsletter and marketing service. Marketing Tip: Learn how to use the futures and options market to protect against unfavorable price moves.
360 Pierce Avenue, Suite 204, N. Man-kato, MN 56003, Ph: 507-345-3925 or 800-535-8012, Fax: 507-345-3672 Services: Full service commodity brokerage firm specializing in ag hedging and investment accounts. Marketing Tip: Be willing to change with current market information. Look at all the growing regions in the U.S. and abroad.
Main address: Country Hedging Inc, Cenex Harvest States, 5500 Cenex Drive, Inver Grove Heights, MN 55077-1733 Ph: St. Paul 1-800-243-3432; Aberdeen 1-800-388-8788; Fairmont 1-800-992-5528; Northfield 1-800-433-4385 Web: www.countryhedging.com Services: "Champ" marketing plan, market decision making and advice, monthly newsletter, market listserv Marketing Tip: Have discipline to execute your marketing plan.
PO Box 8700, Incline Village, NV 89452-8700 Ph: 800-233-4445 • Fax: 775-833-1400 E-mail: geo@commodity.com Web: www.commodity.com Services: Futures and options advisory, brokerage, hedging and trading services. Marketing Tip: Never be bull headed! If the market will not go your way, then go its way!
Contact Info:
Doug Lingen or Sheldon Laib,
HC 5 Box A1, Langdon, ND 58249 Ph: 888-835-3999 or 701-256-3999 Fax: 701-256-3998 E-mail: ncmi@utma.com Services: Full Service commodity brokerage. Catering to mostly producers and end users of agricultural commodities Marketing Tip: Have a marketing plan and work it.
PO 15086, Minneapolis, MN 55415 Ph: 800-345-7692 • Fax: 612-333-1520 E-mail: aginvestor@north-star-commodity.com Web: www.north-star-commodity.com Services: Individualized consulting, market education, brokerage Marketing Tip: Formulate a written marketing plan and stick to it. Spread your sales out over time. Do not try to hit the "top" with one or two sales.
Contact Info:
Helen Pound
Contact Info: Leroy Louwagie Box 3043 , Mankato MN 56002 Ph: 800-369-3737 • Fax: 507-625-3735 E-mail: pci@prairie.lakes.com Services: Success strategy newsletter. Telephone hotline. Cash flow market plan. Personal marketing support Marketing Tip: Identify and use market tools that allow you low risk and low stress. Good marketing habits and tools will give you the edge!
415 38th St SE Suite C, Fargo ND 58103 Ph: 701-277-9210 • Fax: 701-227-9248 E-mail: randy@progressiveag.com Web: www.progressiveag.com Services: Full service hedge marketing company that offers futures and options trading on all exchanges as well as advise on various marketing strategies throughout the year. Marketing Tip: Above all, balance risk with reward. Decisions should be made that transfer risk away from the producer.
RR 1 Box 167, Stephen, MN 56757 Ph: 877-535-6900 • Fax: 218-478-3321 E-Mail: progag@ruralaccess.net Web: www.progressiveag.com Services: Full service hedge marketing company that offers futures and options trading on all exchanges as well as advise on various marketing strategies throughout the year. Marketing Tip: Don't get greedy. Set your price targets and stick with them.
Contact Info:
Ray Smith
Contact Info: Scott Field, 400 South 4th St , Suite 512, Minneapolis Grain Exchange, Minneapolis MN 55415 Ph: 800-421-9655 • Fax: 612-305-0907 E-Mail: sycci@mn.uswest.net Services: Free cash marketing advice…no per acre charges for our services. Daily trade recommendation service. Individualized marketing plans to meet your farm's needs. Aggressive Hedge program using Jerry Gulke's "Strategic Marketing Services." Roy Smith's seasonal trading strategies for the conservative hedger. Marketing Tip: Each year market your crop as though you will produce your best crop ever!
Contact Info: Jerry Gulke, 5717 Fitzgerald Rd, Rockford IL 61102 Ph: 815-962-6610 • Fax: 815-962-6672 E-Mail: Smsjgulke@aol.com Services: "Daily" fax/ e-mail marketing strategies and advice Marketing Tip: To maintain a focus on supply and demand and fully understand what Freedom to Farm can do "for you" and what it can "do against you."
Contact Info: Robert L. Utterback (Farm Journal Economist) or Chuck Shelby, 112 S Wabash St, PO Box 184 New Richmond, IN 47967-0184 Ph: 800-832-1488 or 765-339-7704 Fax: 765-339-7798 E-Mail: utterbac@tctc.com Web: www.utterback.com Services: Daily market comments, strategies & recommendations via fax and at our web site. Full-service brokerage…Consulting. Newsletter via mail, fax or at our web site. Marketing Tip: Management is far more important than picking the tops and bottoms of the market. Be positioned so you have protection in case the market turns against you. |