As planters take to the fields across the northern hemisphere, soybean prices remain elevated on a historical basis (Chart 1) despite projections for an increase in planted acres. This creates opportunities for producers to forward price this year’s crop at profitable levels. Chart 1 – 10-year nearby soybean price Source: https://www.macrotrends.net/2531/soybean-prices-historical-chart-data But when to sell?…
Following two strong seasons for corn, soybean and wheat prices, marketers are looking nervously ahead to the 2023 season due to recent market turns. Prices have been high and traditionally this has led to increased production. But there’s uncertainty whether prices will remain elevated or begin to slide based on increasing global supplies. Either way,…
While there are plenty of obstacles impacting the price and availability of fertilizer, crop nutrition products are produced and transported 24/7, 365 days per year to meet farmers’ needs. A new video released by ADM goes behind the scenes of the complex fertilizer journey and explores how key crop nutrients, like monoammonium phosphate (MAP), are…
Following a strong two-year run, corn futures remain near the upper end of their historical price range. To protect these prices, producers can utilize a contract like the ASP to forward price a percentage of expected production during a seasonally strong time of year. By taking advantage of an ASP contract, you will benefit from:…
There’s some comfort in routine right now. For producers, there’s another crop to plant, harvest, and distribute – and it all starts right now. One thing that’s not routine, though, is making a profit. Challenging markets continue, and that calls for careful planning once again. Regardless of circumstances, here are five basic actions within your…
Many farmers have been practicing conservation ag for decades, focusing on everything from soil health to the legacy they’re creating for their children. Now, as more consumers are looking for sustainably sourced foods, ADM is working with farmers to provide incentives and rewards for conservation practices, and bringing the supply chain together around practices that…
