'TIS THE SEASON... TO SELL CORN AND SOYBEANS
Successful Farming|May - June 2023
Watch these key dates in May and June
'TIS THE SEASON... TO SELL CORN AND SOYBEANS

At a late-winter meeting in Iowa, a customer asked me several questions: “First, I know that May and June are usually good months to make sales. But can you be more specific? Which weeks? Also, what if the weather is good? How low can corn and beans go?” I said I would suggest some key weeks, but not the time of day! For his question about pricing, I showed him some of my historic charts that I use to project a price range of how low new-crop prices can go.

Longtime readers know I make seasonal sale recommendations. This simple concept works well. I suggest making corn and soybean sales in May and June while avoiding sales from August through October. This has worked in 30 of the past 40 years. As we enter May and June, I have most of my customers 60% to 80% sold on the 2022 corn and soybean crops. One simple marketing plan is to sell 5% to 15% of your cash crop each week starting the first week of May. On any week when corn is up more than 15¢ (or if soybeans are up more than 40¢), you make two sales.

If you want to fine-tune the seasonal plan, then watch a few key weeks during the next two months. The first key week (actually the key day) is May 12: the day the futures contracts expire for May corn and soybeans. At the time I am writing this, May corn is trading at a 27¢ premium to the July contract, and May soybeans are trading at a 28¢ premium to the July contract. This is likely to create a spike high on my daily and weekly corn and soybean charts.

هذه القصة مأخوذة من طبعة May - June 2023 من Successful Farming.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May - June 2023 من Successful Farming.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من SUCCESSFUL FARMING مشاهدة الكل
THE WOMAN BEHIND 'THIS FARM GIRL COOKS'
Successful Farming

THE WOMAN BEHIND 'THIS FARM GIRL COOKS'

Coming up with quick, on-the-go meals is one of the many talents Deanne Frieders brings to the table.

time-read
4 mins  |
August 2024
HOW TO GROW A DOUBLE CROP OF CATTLE FEED
Successful Farming

HOW TO GROW A DOUBLE CROP OF CATTLE FEED

This Iowa farmer has perfected an annual system with four forage species that maximizes tonnage, resources, and feeding quality.

time-read
5 mins  |
August 2024
GOOD FENCES MAKE GOOD NEIGHBORS
Successful Farming

GOOD FENCES MAKE GOOD NEIGHBORS

The doctrine of title by acquiescence determines the legal boundary line between two properties and overrules the boundary listed in the deeds.

time-read
3 mins  |
August 2024
TIME WELL SPENT
Successful Farming

TIME WELL SPENT

Senator Charles Grassley reflects on careers in farming and government.

time-read
4 mins  |
August 2024
BUILDING FARM STABILITY
Successful Farming

BUILDING FARM STABILITY

This young farmer uses regenerative practices and diversification to set up his farm for the future.

time-read
2 mins  |
August 2024
THE MEXICO MAIZE
Successful Farming

THE MEXICO MAIZE

Navigating Mexico's ban of genetically modified corn.

time-read
6 mins  |
August 2024
NEVER TOO BUSY TO LEND A HAND
Successful Farming

NEVER TOO BUSY TO LEND A HAND

Between their cattle operation, crops, and off-farm jobs, Dean and Tillie Thompson have plenty to do, but they still find time to serve their community.

time-read
5 mins  |
August 2024
WHAT SHOULD THEY EXPECT?
Successful Farming

WHAT SHOULD THEY EXPECT?

Problem: Two parents are conflicted about meeting their kids' inheritance expectations.

time-read
2 mins  |
August 2024
TIPS FOR A SAFE HARVEST
Successful Farming

TIPS FOR A SAFE HARVEST

Follow these steps to protect you and your machinery while in the field this autumn.

time-read
2 mins  |
August 2024
9 NEW DAIRY PRODUCTS
Successful Farming

9 NEW DAIRY PRODUCTS

See the latest innovations displayed at World Dairy Expo.

time-read
3 mins  |
August 2024