Avoid This Biggest Grain Marketing Mistake

Jan 30, 2020 at 12:06 PM CST
Mastering the grain markets is a constant battle for many farmers each year. From trying to sell at the highs or aiming to beat the lows in the market, knowing when to market grain can be a frustrating piece to the farming puzzle. However, University of Minnesota's Edward Usset says marketing grain is easy, it’s just not simple. He says the biggest mistake is storing grain too long, especially in the northern Corn Belt. "One of the mistakes I talked about is simply holding grain in storage too long," said Usset at the Top Producer Summit in Chicago this week. "I put a very bright line on July 1. Early July is the time when old crop grain should be sold– or at least priced. If it’s held, it's a big mistake."

Jan 30, 2020 at 12:06 PM CST

Mastering the grain markets is a constant battle for many farmers each year. From trying to sell at the highs or aiming to beat the lows in the market, knowing when to market grain can be a frustrating piece to the farming puzzle. However, University of Minnesota's Edward Usset says marketing grain is easy, it’s just not simple. He says the biggest mistake is storing grain too long, especially in the northern Corn Belt. "One of the mistakes I talked about is simply holding grain in storage too long," said Usset at the Top Producer Summit in Chicago this week. "I put a very bright line on July 1. Early July is the time when old crop grain should be sold– or at least priced. If it’s held, it's a big mistake."