Expensive Grain Marketing Lesson Most Farmers Learn OJT
Grain Marketing Trap Very Expensive A fairly new client called Monday afternoon and asked what should she do with 9,000 bushels of beans...
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Wright Team
- Feb 7, 2022
- 5 min
The Chicken Sexer
In the early 1980’s, I was a commodity broker with Heinold Commodities and Securities. The year of 1980 started with a bang on January...
Wright Team
- Dec 28, 2021
- 4 min
Grain Market Gifts
Max has been a client for decades; he farms in Southwest Ohio. Max is a pretty easy going guy, but he takes business very seriously. I...
Wright Team
- Nov 25, 2021
- 3 min
Puts Have a Place In Your Marketing Plan
Put Options Would Have Made This Farmer Thousands of Dollars October 2021 This could happen to you if you don’t begin utilizing this...
Wright Team
- Jun 5, 2021
- 3 min
HTA July to August Pricing
From Matt, a Facebook Grain Market Discussion Group Member, on 4 June, 2021: I have a soybean HTA for June/July delivery. The current...
Wright Team
- May 16, 2021
- 11 min
1988 Drought and Uneducated Bankers
1988 Taught Us a Lot About Grain Marketing and The Banking Business When I was young and dumb, I believed what “by the book hedging”...
Wright Team
- May 16, 2021
- 2 min
A Benefit of Knowing What Merchandisers Know
Late December, 2020 We have all heard, Cash is King. The King goes first when doing the math for a basis contract. Why is it important to...
Wright Team
- May 16, 2021
- 5 min
Cargill Does Not Make Mistakes
Roger Scheiderer has been a client of mine for 36 years. He farms near Plain City, Ohio just northwest of Columbus. In 1986, he got into...
Wright Team
- May 16, 2021
- 4 min
Fear of Futures Destroyed in One Day Life Long Family Business
Like my dad, Dave was a teenager during the Depression of the 1930’s and was a soldier in WW II. He came home and got married like 16...
Wright Team
- May 16, 2021
- 6 min
HTA Disaster of 1996
The first HTA in Ohio and possibly the Corn Belt was written December 29th, 1984. It was done at Shepard Grain Company in southwest...
Wright Team
- May 16, 2021
- 4 min
Managing Market and Weather Risk
Early in 1991, as farmers were preparing their cash flow sheets for their operating loan application, December 1991 corn was in the $2.45...
Wright Team
- May 16, 2021
- 5 min
Ugly First Experience with a Basis Contract
The names have been changed to protect the guilty. The US corn crop in 1982 was the first 8-billion-bushel corn crop. Between the great...
Wright Team
- May 16, 2021
- 7 min
Sell Cash Grain and Buy Futures: Right Attitude
The opportunity for farmers to sell cash grain and buy futures when they still expect futures to rally has been rarely used because they...
Wright Team
- May 16, 2021
- 7 min
The Cost of Not Knowing How a Hedge Works
Even If You Never Use Futures, This Is Just One Reason Why You Need to Understand Futures and Hedging Joe had attended a seed dealer’s...
Wright Team
- May 16, 2021
- 3 min
The Cost of Comfort
I called Autie the morning of March 6, 2018, to tell him to lock in the futures on 100% of his expected 2018 soybean production at $10.44...
Wright Team
- May 16, 2021
- 8 min
Futures Market: Paranoia and Opportunity Lost
What Paranoia of Futures Can Do to Your Grain Marketing Program In 1981, there were no cell phones and no internet. There were no DTN FM...
Wright Team
- May 16, 2021
- 10 min
Buy Back Grain Delivery Contracts
After the great bean crops of 1984, ‘85, ’86 and ’87, soybean futures looked like they would never get above $6 again. So, when dry...
Wright Team
- May 16, 2021
- 10 min
Managing the Basis, But Know the Character of Your Merchandiser
HTA Contracts Takes Money Out of Merchandisers’ Pockets and Puts It In Farmers’ Pockets This essay demonstrates the value of Hedge to...
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