Watch Your Downside Risk in These Wild Ag MarketsThu, 20 Jan 2011 7:02:20 CST
Get some professional advice in marketing your crops in 2011- that's the recommendation of Dan Smith with Top Third Marketing based in Chicago. Smith was a lead speaker at the 2011 Oklahoma Soybean Expo in Stillwater on Wednesday. He says that the wild swings in commodity prices means you have to pay more attention to marketing than ever before. Smith says it is especially important for farmers to protect their downside with current prices for most crops at historically high levels.
Smith says that he is watching for what USDA will say about acreage predictions for spring in a few weeks, as the fight for acres between several commodities- and especially corn and soybeans- continue.
We also talked with Smith about many Delta farmers that have left cotton for corn or soybeans who are reluctant to go back into cotton, the impact of Commodity Funds on ag prices, the food versus fuel debate and the impact of oil prices on ethanol.
Click on the LISTEN BAR to listen to myself, Sam and Dan Smith talk about these market factors.
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