Be prepared for anything in your marketing plan

IARN — After Friday’s explosion in grain prices, you might be feeling pretty good about your chances to increase some profit margins with this year’s crop. While we all know that no yield is official until it is in the bin, no price forecast is official until all the variables are met for any possibility.

The WASDE report is due out this week, and there isn’t a whole bunch of hype about it. Most analysts believe that the markets have already prepared for the contingency and priced in the numbers they expect. However, the WASDE is also only a snapshot in time, it doesn’t give us a crystal ball as to what the future holds. A future that is fraught with “what-ifs.”

For more on this story, visit the Iowa Agribusiness Radio Network.



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