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Central Iowa marketing clubs to discuss five grain marketing strategies, tools

By Staff | Nov 14, 2015

OGDEN – Farmers can expect challenges in marketing the large 2015 Iowa corn and soybean crops at profitable levels.

Cash price forecasts are for corn prices to decline by 45 percent and soybeans by 35 percent from their 2012 highs.

Many bushels are being held in storage this winter and are unpriced.

Marketing tools such as a storage hedge, a basis contract and a minimum price contract are readily available to central Iowa farmers.

The key is knowing how to separate the futures price from basis and the potential advantages and disadvantages of those tools.

The Central Iowa Ag Marketing Clubs will host a meeting to discuss these topics beginning at 6:30 p.m. Nov. 19 at the Ogden Community Center, 114 SW 8th St. in Ogden.

Registration begins at 6 p.m.

The featured speakers will be Steve Johnson, an Iowa StateUniversity Extension farm management specialist; and Ed Kordick, commodity services manager with the Iowa Farm Bureau.

They will team teach on the topic “Five Grain Marketing Strategies & Tools.”

Participants will move beyond just spot cash and forward contract cash sales to market their stored bushels.

In addition, these five strategies and tools will be compared over the past 25 years to simply storing corn and soybeans unpriced for eight months.

A small meeting registration fee may be charged at the door.

For additional information, contact the Boone County Extension office at (515) 432-3882.

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