Like moods, farmers want markets to stay up, but that isn’t always the case. Unfortunately, what goes up, must come down.
A few weeks ago, December corn futures saw prices above $4.20 per bushel and soybeans were being sold for more than $10 per bushel. However, prices have tumbled beneath the $4 mark for December corn futures, and $9.50 for the September soybean contract.
These price swings can be tough, and to be more prepared when this does happen,Tommy Grisafi, risk management broker with Advance Trading, Inc., suggest that by having a plan and “not being frozen,” you can use fewer facial muscles and smile.
“It just seems a lot that when the farmer’s so busy and emotionally tired that the markets have a big move,” he said on AgDay. "You hope you have someone on your team or in your family or someone who’s watching the shop for you.”
Hear what Grisafi says about yield and being bearish on AgDay above.
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