 |
|
|
Issue 29
May 2000
|
|
|
|
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. |
|
|
|
Copyright
Prairie Grains Magazine
May 2000 |
|
|
|
|
|
 |
|
|
Grain Selling Strategies for 2000 The April issue of Prairie Grains included some grain selling strategies for 2000 from George Flaskerud, NDSU Extension Crops Economist. Some of the data in the
accompanying charts have been changed. For more information, see page 25 of the April edition of Prairie Grains, or email Flaskerud at gflasker@ndsuext. nodak.edu |
|
|
|
Corn Strategy 2000
- Implement marketing plan using same tools as for wht
- Lowest price objective assures cash price at least equal to loan
- Time deadlines extended because of the need to achieve loan on forward sales. Early deadlines would normally be May & June of the current year.
|
|
|
|
Crop % |
Deadline |
CBT Dec |
10 |
05/02/01 |
2.50 |
25 |
05/09/01 |
2.60 |
30 |
05/16/01 |
2.70 |
25 |
05/30/01 |
2.95 |
10 |
06/27/01 |
3.20 |
|
|
|
|
Wheat Strategy 2000
- Focus on 2/3 of anticipated production
- CFC or HTA first 1/3 when price objectives or time deadlines are reached
- Put options on second 1/3
- Establishes floor on 2/3
- Leaves upside potential on 2/3
- Do not overlook time deadlines for selling
|
|
|
|
Crop % |
Deadline |
MGE SEP |
10 |
04/19/00 |
3.70 |
25 |
05/17/00 |
3.80 |
30 |
11/1500 |
3.90 |
25 |
01/24/01 |
4.50 |
10 |
04/25/01 |
5.00 |
|
|
|
|
Soybean Strategy 2000
- Implement marketing plan using contracts & options
- Lowest price objective assures cash price at least equal to loan
- Time deadlines extended because of the need to achieve loan on forward sales. Early deadlines would normally be March-June or the current year.
|
|
|
|
Crop % |
Deadline |
CBT NOV |
10 |
05/02/01 |
5.60 |
25 |
05/09/01 |
5.75 |
30 |
05/16/01 |
5.95 |
25 |
05/30/01 |
6.45 |
10 |
06/27/01 |
6.95 |
|
|
