Weekly Market Outlook: August 22-26th ”It’s Time to Plan Your Pre-Harvest Marketing Strategy!”

Jerod Creed with JC Marketing joins Chris for another thought-provoking discussion on managing your marketing opportunities as we get closer to harvest. They begin the conversation addressing the crop variability across the US. Some areas are plush with an absolute record yield potential while others are undoubtedly well below APH levels. What could this mean to price levels moving forward?

Jerod explains some of the fundamental and technical conditions that could give us marketing opportunities on one hand, but limit upside potential on the other.

Jerod and Chris also discuss the importance of estimating your individual production in order to plan logistics, storage and basis levels to maximize your profit potential.

For some with extremely poor potential it's just as important from an insurance perspective to analyze production potential and have that conversation with your insurance agent.

Jerod and Chris wrap up the conversation discussing nitrogen input cost for 2023 along with matching grain sales at current levels to capitalize on solid risk management and profit potential