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Senior Advisor
Posts: 1,165
Registered: ‎05-20-2010
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Soybean Marketing Plan

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It is amazing the lack of interest in implementing a marketing plan for soybeans on this site.

 

Maybe it is the ole Deere Headlight problem. 

 

The market has been screaming at farmers to get hedged since the March 2nd timing high. Speculating on corn values is one thing (where the story is actually pretty bullish regardless of weather), but not having the new crop beans protected is quite another. (There is basically no way to get a bullish bean story short of a 1983 drought and even then the market did not rally till after a June decline).

 

jmho

Honored Advisor
Posts: 5,702
Registered: ‎01-10-2012
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Re: Soybean Marketing Plan

Did my '18 soy crop plan...already implemented...

 

 

 

 

Didn't see a bright future for them, so planted all corn. All up, from four leaves

to just row it.

 

Easy peasy, soy plan. 

Veteran Advisor
Posts: 699
Registered: ‎05-13-2010
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Re: Soybean Marketing Plan

got Nov. puts in place to cover it all.  $10.30 average  If I get a crop it will be profitable

Esteemed Advisor
Posts: 2,777
Registered: ‎04-29-2011
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Re: Soybean Marketing Plan

The market has been screaming?   Only because end users want to buy your soybeans as cheap as they can.    

 

Patience grasshopper..........lots of time to price soybeans.     Smiley Wink

Honored Advisor
Posts: 5,702
Registered: ‎01-10-2012
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Re: Soybean Marketing Plan

Argentina has bought around 10 ship loads so far,
Last third is not only drought damaged, now waterlogged = more losses and damage to the ones that do still get harvested.

Arginine sellers are asking buyers to accept poor quality bean meal.

Ours are nowhere close to harvest, many still in proboxes.

Must be nice to live and farm somewhere you know before they emerge how many you'll have to sell.
Honored Advisor
Posts: 8,544
Registered: ‎07-18-2011
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Re: Soybean Marketing Plan

Kind of agree with roaring.  It is a long marketing season for beans and we are in the first third of it.

If corn keeps working up and basis keeps improving------- and we keep selling in the decent $4+ numbers ----- we will be soybean binners again.

 

The market has shown us a little opportunity to price around $10 or just below.......... Is that screaming?  

Maybe your saying the market is screaming "that will look good if beans go to $3.  

 

I am not sure I can lock in a profit at that price.....  so my banker is not screaming........... yet..

 

So the storage marketing says it is early.  Have offers in at $11.20 in case we get the inflation that the fed is expecting.

Veteran Advisor
Posts: 1,379
Registered: ‎10-18-2016
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Re: Soybean Marketing Plan

I hedged soybeans some time ago.  I'd be willing to sell more if the market goes up.

 

On corn, I have some sale offers in but am not very anxious yet.  Corn could have some upside.  The corn soybean ratio is about 2.5:1, so one supposes that if corn goes up it might drag soybeans with it - therefore may there will be more chances to sell soybean.

 

I wouldn't say there won't be another chance to sell soybeans at good money, but I'm happy with what I have on the books now.

Senior Contributor
Posts: 961
Registered: ‎01-03-2015
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Re: Soybean Marketing Plan

If corn rallies. So wil soys!
Highlighted
Honored Advisor
Posts: 5,702
Registered: ‎01-10-2012
0

Re: Soybean Marketing Plan

The rally will start from a lower level...

Honored Advisor
Posts: 8,544
Registered: ‎07-18-2011
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Re: Soybean Marketing Plan

The definition of panic marketing is always written on a negative day as quickly as possible