As most of you know the Top Producer seminar was here in Chicago this week. What a fine event. There is nothing like meeting and listening to some of the best and brightest farmers in America. I had the pleasure of being asked to speak to the crowd at Tomorrows Top Producer which focuses on younger farmers and ag professionals, about trading crops around USDA reports.
While this is always an amazing event, this year’s seminar seemed to have a more somber mood than in past years. Mike Boehlje from Purdue University gave a great talk about managing and understanding your costs, and making this your top priority every day. Chris Barron also gave a talk about a new way to manage your costs with his Profit Manager.
If you couldn’t make the trip to this beautiful city you are in luck as the great folks at Top Producer have uploaded all of this content here.
Many guests visited the trading floors and I escorted some myself. No one could believe how the once mighty corn futures pit has now been reduced to about five guys standing around with their computers.
How did this happen?
Times change, technology changes, and we in farming and ag need to change with it. Most of those traders who used to stand in the corn futures pit screaming and pushing are still trading, they’re just doing it in an office, or from home. High frequency trading revolutionized our futures market at the CME Group, and the good traders, the ones who change with the technology, are still trading.
So what are our good farmers doing? You tell me. What have you been changing to help manage lower corn prices? How do you not spend too much without sacrificing yield?
Call me 1-855-737-FARM, tweet me @tradethefarm.
I’d love to hear from you.
And as always a very big thank you to all the speakers and guests at Top Producer, I’m always pleasantly surprised at how much I learn every year, and how unique each individual farm can be.
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