Posted by: usset001 | August 31, 2009

Winning the Game in Michigan tomorrow

wheatfieldLater this afternoon I will fly into Detroit in preparation for a Winning the Game program in Mason, Michigan tomorrow. I will be working with Dan Hudson of MSU Extension, based in Ingham County, to present “Launch and Land your Post Harvest Marketing Plan. The program runs from 10:00 am – 2:00 pm (arrive by 9:30 am for registration) and is located at the Monsanto Research Barn (the Haynes Farm) at 474 S. Onondaga Road, Mason MI. The cost is $15 and it includes lunch. Call 906-676-7207 for more information.

We have much to talk about. Now is the time to get your thoughts together on the ultimate question after harvest, “To store, or not to store?” Carrying charges in the wheat market are very large. Michigan producers think soft white wheat and soft red wheat (think Chicago futures) while my focus is on hard red spring wheat. It doesn’t matter – all wheat markets are sporting huge carrying charges and that speaks directly to the markets perception of ample wheat supplies and a bearish tone in the market. The corn market also shows large carrying charges. The soybean market stands apart with an inverted to flat carry.


Responses

  1. Ed – When do you anticipate the release of your Post-Harvest marketing plan for ’09 bu.?

  2. I generally write my post harvest marketing plan for soybeans in the first week of September, with a corn plan written about two weeks later. I wrote my spring plan today, based on August 28 prices.


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