Grain Marketing

Ohio State University Grain Marketing Update on October 18 – 7:30 AM

While you are harvesting or hanging out in the shop, join our OSU Extension Farm Management team on October 18 at 7:30 AM ! Listen in on Zoom.

OSU Extension invites Ohio grain producers to grab a cup of coffee and join a grain marketing conversation with Dr. Seungki Lee, Assistant Professor in the Department of Agricultural, Environmental, and Development Economics (AEDE) from 7:30 to 8:00 a.m. on October 18, 2024. During this webinar held via Zoom, Dr. Lee will provide insight on the October 11  World Agricultural Supply and Demand Estimates (WASDE) crop report and the current state of the Ohio grain market.

“This early morning webinar will be a great way for Ohio farmers to learn more about the factors impacting the corn, soybean, and wheat markets,” said David Marrison, Interim Director for OSU Extension’s Farm Financial Management and Policy Institute.

There is no fee to attend this webinar. Pre-registration can be made at go.osu.edu/coffeeandgrain. These webinars are sponsored by: OSU Extension, Farm Financial Management & Policy Institute (FFMPI), and the Department of Agricultural, Environmental and Development Economics (AEDE) all located in The Ohio State University College of Food, Agricultural, and Environmental Sciences (CFAES). More information can be found at: http://farmoffice.osu.edu.

Organic Grain Production Field Day – Marketing, Mindset and Weed Management

Organic grain equipment

Article is taken from https://agcrops.osu.edu/newsletter/corn-newsletter/2024-23/organic-grain-production-field-day-marketing-mindset-and-weed by Cassandra Brown, Eric Richer, CCA, Eugene Law, PhD

The Ohio State University and the Organic Agronomy Training Service (OATS), will host the workshop “Organic Grain Production – Marketing, Mindset and Weed Management” on Monday, August 19 at Bishop Family Farms in Mount Blanchard, Ohio.

Organic grains can be profitable, but organic production and marketing are quite different from conventional practices. This all-day event will provide agricultural advisors and farmers an opportunity to better understand the unique challenges, tools, and benefits of organic grain production.

Programming runs from 10 a.m. to 3:30 p.m. with registration opening at 9:30 a.m. Morning sessions are centered around the 3 M’s crucial in organic transition: mindset, machinery, and marketing. Talks and panel discussions will feature experienced farmers and grain marketers, along with organic educators from OATS and Ohio State. After lunch, the focus is on organic weed management in grains, with machinery demonstrations and talks by workshop farmer speakers and Ohio State weed ecology specialist Eugene Law.

The cost of $20 includes a provided lunch. Up to 4 hours of CCA credits are also available. For more information and to register, please visit https://organicagronomy.regfox.com/ohio-grain-workshop.

Thinking of Grain Market from Field: Updated 2024 Planting Estimates and Market Outlook

Article taken from https://u.osu.edu/ohioagmanager/2024/07/04/thinking-of-grain-market-from-field-updated-2024-planting-estimates-and-market-outlook/ by Dr. Seungki Lee, Department of Agricultural, Environmental, and Development Economics,  The Ohio State University

Click here to access a PDF of this report

 

Highlights 

  • Despite relatively hot and dry conditions, new crop growth is plain sailing.
  • Corn acreage is estimated to be larger than expected.
  • US grain stocks for both corn and soybeans are the highest post-Covid.
  • Ohio on-farm soybean stock is 64% higher than in 2023.

Introduction

Summer is a busy season for grain producers, leaving little time to analyze the market and strategize sales plans. Nevertheless, the first week of July is a good time to take a “10,000-foot view” of the market, as the USDA releases several important reports by the end of June. In this article, we will discuss grain market outlook by reviewing the USDA new crop planting estimates, WASDE report, and grain stocks report.

Continue reading Thinking of Grain Market from Field: Updated 2024 Planting Estimates and Market Outlook →

Coffee & Grain Webinar Recap- Tight Supply Drives High Commodity Prices

On Monday morning’s Coffee and Grain Zoom, Dr. Seungki Lee (Assistant Professor in the Department of Agricultural, Environmental, and Development Economics) discussed the grain market outlook and the new crop prospects based on the USDA February World Agricultural Supply and Demand Estimates (WASDE) report. In all three major crops – corn, soybean, and wheat, strong prices are projected in the 2022/2023 market mainly due to the tight supply. Additionally, Brazil was singled out as its production can swing both the 2022/2023 and 2023/2024 commodity markets.

See the attachment for Dr. Lee’s 3-page summary of this webinar

If you would like to watch to recording, it can be accessed at:

https://osu.zoom.us/rec/share/vd7HMk8CeQ17DKsgBLeFRTvVs_oLbVrCNVVSsVSIbdHXvwscwtBf_VcnVS94KCGY.Bj3ROPKQlmkgPtC1?startTime=1676291418000

Ag Outlook – Great Lineup for Speakers on Tuesday, February 14

Join Defiance and Paulding County OSU Extension in Jewel, Ohio for the next Ag Outlook meeting on Tuesday, February 14 from 5:30 – 9:00 PM at the Jewell Community Center, 7900 Independence Rd., Defiance, OH 43512.

Agenda:

  • Welcome & Dinner—5:30 p.m. – Country-style dinner.
  • Commodity Grain Market Outlook, Seugnki Lee, PhD., Ohio State University, Department of Agricultural, Environmental and Development Economics
  • Long-Term Care: Is the Farm at Risk? — Robert Moore, JD., OSU Extension, Attorney, OSU Agricultural & Resource Law Program
  • 2023 Weather Outlook – Aaron Wilson, PhD., OSU Extension, Assistant Professor and Field Specialist, Ag Weather, and Climate

Registration is preferred online @ https://go.osu.edu/23DefianceOutlook or call the Defiance County Extension office at 419-782-4771
RSVP by February 13. NO LATE REGISTRATIONS.
CCA Credits Applied For and the Cost: $10.00/person

Check out the Official Flyer Here

March Edition of Farm Office Live

This month’s Farm Office Live will be held on March 16th, from 7 – 8:30 pm, and again on March 18th from 10 – 11:30 am. The Farm Office Team provides the latest outlook and updates on ag law, farm management, ag economics, farm business analysis, and other issues dealt with in your farm office.  Targeted to farmers and agribusiness stakeholders, our specialists digest the latest news and information and present it in an easy-to-understand format. To sign up for the webinar (and if you can’t attend the recording link) go to go.osu.edu/farmofficelive.

March topics will include

  • Updates on FSA programs
  • Federal Tax Law Update/Medicaid Planning Review
  • Financial Efficiency Review for Grain Farms
  • Fertilizer Update/Crop Budgets
  • Grain Marketing Outlook

Grain Marketing Outlook Week of April 10

In this week’s grain marketing update Assistant Professor of Professional Practice in Agricultural Risk Management Ben Brown covers the updated supply and demand estimates from USDA, corn used for ethanol and the potential to see elevated corn exports moving forward.

How many soybean acres do we need in 2019?

By: Todd Hubbs, Department of Agricultural and Consumer Economics University of Illinois
Previously published by Farmdoc Daily

We have reached the time of the year where speculation about acreage for the 2019 crops begins in earnest. While the

number of acres planted to soybeans appears set to decrease, current projections indicate an intention to plant significantly more acres than necessary to reach break-even prices in Illinois under current consumption and stock level forecasts. Continue reading How many soybean acres do we need in 2019? →

Sharpen Your Grain Marketing Skills in 2019

Do you want to do a better job of pricing your corn and soybeans? Is grain marketing a confusing and daunting task? If so, this workshop is for you!

Ohio State University Extension is offering a three-session workshop focused on helping farmers become better grain marketers. Participants will have a better understanding of risk, marketing tools, and the development of written marketing plans. These workshops are funded through a North Central Risk Management Education Grant and being offered in six locations throughout Ohio.  Additional information can be found at http://go.osu.edu/grainplan.

Continue reading Sharpen Your Grain Marketing Skills in 2019 →