Sep 16, 2014
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RSS By: Thomas Grisafi, AgWeb.com

We trade what you grow!

 

#It's Only Iowa

Jan 17, 2014

As  I was driving through Iowa this week to our office in Independence, I couldn’t help but think back to this summer when #itsonlyiowa was trending on Twitter.  As I’m sure most of you know, Iowa was hit with two curveballs this year with prevent planting and bad weather.  Many farmers used #itsonlyiowa to gripe about conditions, how low the price of corn was and whatever was bothering them that day.

These farmers are part of the reason I opened an office there.  Why Iowa?  Because the Iowan farmers forgot to sell their crop.  Iowa is the leading producer of corn, soybeans and pork, and historically the better corn grew in Iowa, the lower the price got in the market, but not this year.

Iowan farmers were looking at their crops and weren’t too worried.  They figured if their crops weren’t that great, no one else’s were either.    But all those other neighboring states managed to pull in near record crops.  Meanwhile Iowa farmers have a lot of corn sitting in silos at a deferred price while the price of corn keeps edging lower.  I love our farmers in Iowa, but they need our help.  We want to help teach some marketing to a crowd that forgot to sell its crop.

Margins, markets, whatever your needs, at Trade the Farm we’re only a phone call away 1-855-737-FARM, or if you don’t have much time @tradethefarm works too.

Enjoy your weekend.

 

 

There is a significant risk of loss in trading futures and options.  Futures trading is not appropriate for all investors.  Please read our full risk disclosure at www.tradethefarm.com

 

 

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