Farmers should already be planning how to sell the grain they will market next fall, says Bob Utterback of Utterback Marketing Services, in New Richmond, Ind.
“A s a marketer, you have to start thinking now of your 2017, not the grain you’ve got in the bin,” says Utterback, speaking on AgDay.
“You should have already made those decisions,” he adds.
Usually the best opportunities to sell grain exist during the greatest weather uncertainty, according to Utterback.
Farmers should consider buying puts until they know their crops’ yield, he advises.
Utterback shares additional advice on the video clip that accompanies this article.