Your crops are harvested, the fields are bare. Now is the perfect time to touch base with your ADM representative to start planning your next crop year. It is important to develop a marketing plan that is diverse and flexible to react to changes in the market and your farm.
Some questions to consider:
- When do you want to deliver?
- When do you need cash?
- What are your price objectives?
- What is your storage capacity?
- How comfortable are you with forward marketing?
Plans should be put in motion at this time for any grain contracts that automatically price, as well as preparing a strategy for bushels you will actively control. GrainBridge is a great online planning tool for managing your contracts and bushels, and is complimentary to ADM customers.
Here are some grain marketing choices to consider during production and planning:
Planting & Growing
Marketing isn’t often top of mind during the busy planting and growing season, but this time often offers you some of your best marketing opportunities. While your marketing plan should already be in motion, there are additional considerations to make as the season progresses:
- Have your firm offers in place
- Leverage contracts with automatic execution during busy periods
- Make a plan for your projected overrun bushels
Use tools like “The Morning Farm Report” by Agrible® to help you check important precipitation data and project your yield. This is also the time to leverage your crop insurance to make strategic marketing decisions. Consult your ADM representative to make sure your crop insurance is working for you.
Here are some grain marketing contracts to consider during the planting and growing season:
You’re busy. Decisions need to be made quickly. Crops need to be harvested and put away in a timely fashion. This is where it pays to have a working relationship with a trusted partner like ADM. Your ADM representative can help you make decisions based on strategy, not emotion.
A quick call to your ADM rep can help guide you through the logistics of grain delivery at our facilities and prevent any surprises. Our facility managers work hard to get you in and out quickly with extended hours to accommodate harvest.
Here are some grain marketing contracts to consider during harvest: