Each year is a little different, and some years are more similar than others. Farmers might be trying to figure out their marketing plan for 2018.
John Payne, author of the This Week In Grain newsletter, says your marketing plan for the year should differ from plans used between 2015 and 2017. The weaker dollar, strong corn exports, and domestic demand is changing the picture.
“Given the price action is there, the potential for rallies much like we’ve seen in cotton, the stock market, crude oil, these commodities that have had bearish fundamentals all of a sudden don’t have as bearish fundamentals,” he said on AgDay.
Payne suggests how to take advantage of big rallies instead of smaller rallies on AgDay above.