Harvest season keeps farmers busy, with producers often running machinery from sunup to sundown for weeks at a time. With so much time spent in the field, keeping up with grain markets and marketing plans can become a challenge.
Here is a short list for what producers can do to stay informed during the critical season.
- Monitor futures prices: Periodically checking in on futures quotes during harvest allows producers to have a sense of price movements. Producers monitor the markets they are interested in by creating custom dashboards on their favorite software, website, or mobile app.
- Check local bids: Grain buyers actively adjust their corn and soybean bids during the harvest season to account for local supply and demand. For producers who plan on delivering harvested bushels, actively monitoring bids at multiple elevators makes all the difference for receiving the best price for their grain.
- Read reliable news and commentary: It doesn’t take knowing the latest harvest trends or export pace to be an effective marketer. However, having a basic understanding of U.S. and global trends helps producers understand what is impacting the price of their crop in the current and upcoming season.
- Set/manage price targets: Establishing price targets ahead of time can help producers act when marketing opportunities arise. Some elevators allow farmers to set target prices in advance, helping them execute their marketing plans without constantly monitoring the markets.
Harvest season can keep farmers busy, but staying engaged with grain marketing is essential.
How Trader PhD helps
Farmers don’t have to navigate the markets alone. Trader PhD’s service offerings make navigating markets during the harvest season manageable.
- Audio Broadcasts: The most valuable asset is time. Trader PhD’s regular broadcast phone calls keep that in mind by offering sharp, concise and data-backed analysis. Trader PhD cuts through the noise and gives farmers an idea of the market’s tone. Producers can listen to calls as they are released or listen later.
- Buy and Sell Signals: Subscribers are issued regular overhead price targets for grain futures. Signals are sent directly through text message shortly after a target has been triggered. Targets triggered overnight are sent to producers before markets open in the day session. The overhead targets identify selling opportunities for producers that can be set with a local elevator.
- Price Charts: The Trader PhD mobile app features CME price quotes and charts, helping producers stay updated on futures price changes.
- News and Analysis: The Trader PhD mobile app acts as a one-stop shop for farmers to stay informed on what is impacting the grain markets. Users can find archived broadcasts they might have missed or want to re-listen to. Weekly weather interviews inform farmers about the latest trends impacting their crops throughout the growing season.
Harvest may demand most of a producer’s attention, but a proactive marketing plan can help ensure valuable opportunities aren’t missed. With timely market information, clear price targets, and the right tools, farmers can make more informed decisions throughout the season. Trader PhD helps producers stay connected to the markets and manage their marketing plans, even during the busiest time of the season.