Edward Usset serves as a Grain Marketing Specialist for the Center for Farm Financial Management at the University of Minnesota, the developers of FINPACK software and a variety of educational programs.
Working with his colleagues at CFFM and in extension, Ed developed the award winning “Winning the Game” series of workshops. He also helped develop “Tool Time,” a new series of workshops dedicated to understanding and using grain pricing tools. He teaches “Futures and Options Markets” at the University. His first book, “Grain Marketing is Simple (it’s just not easy)” was released in 2007. You can reach him at usset001@umn.edu.
Dear Ed,
I am using your forms to write my marketing plan for soft red winter wheat production here in Ohio. What would you use for a starting date and the incremental dates and also a final date for the Pre-Harvest Marketing Plan? I just bought your book Grain Marketing Is Simple and am part way through it. Great book! Thanks.
By: Monty Stump on November 19, 2008
at 3:53 pm
Monty
My apologies for the late response. I like to start my marketing plans about 10 months prior to harvest. For soft wheat, I would activate a 2009 plan in September 2008. I would be willing to make sales earlier, but I would limit them to 33% of expected production and I want a premium of 20-30 cents per bushel.
For dates, I like to spread them out in the Mar-May time period, several months before harvest.
I am pleased that you enjoy the book.
Ed
By: usset001 on December 1, 2008
at 8:39 pm
Dear Ed,
The response to “Pre-Harvest Marketing Tools has been fantastic!! We have been using the volatility calculator to evaluate options. Can you use this tool for spreads to evaluate the net cost of say a put option to set a bottom in the market?
Thanks Ed!!
Craig
By: Craig Yohn on February 12, 2009
at 11:48 am
i need your service
By: muluneh on May 23, 2009
at 7:01 am