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April 21, 2000MARKETING |
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By Bryce Myrick Has Cotton Already Reached Its High for the Year? Look at the charts on Cotton, Corn, and Soybeans. Since Jan. 1, all three of these commodities have had a significant move up. Charts are past history of prices. Bad weather can cause all three of these commodities to go up, but good weather will cause them to go down. This is why it is so important to have a marketing plan. Since Jan. 1, I have been telling you that you probably need to have most of your marketing done by late Spring. As producers, I believe we should pray for good weather. Remember, when we have good weather, prices will come down. There are many ways to market your commodities. You can 1) use cash forward contracts; 2) use futures to hedge; 3) use options; 4) use the government loans; or 5) sell at harvest. Most of the time, 1, 2 & 3 will give you better returns. If I can help you in any way, please call. To set up workshops or for help with your hedging needs, call 254-751-2242 or 915-698-0355 or e-mail: bbmyrick@swconnect.com.
November - Soybeans
Fundamentals: Size
of Brazilian crop will be major factor.
December - Corn
Fundamentals: Watch
for weather scares.
December - Cotton
Fundamentals: Planted
acreage may be more than expected.
September - Feeder Cattle
Fundamentals: Large
number of light weight cattle in feedlots. |
