VIDEO: Marketing and farmer optimism hot topics at Commodity Classic

VIDEO: Marketing and farmer optimism hot topics at Commodity Classic

Bryce Knorr, senior grain market analyst for Farm Futures, said it looks like there will be neutral ENSO conditions for the majority of the 2017 growing season. There is no correlation between crop yields in the United States and a neutral ENSO. “Basically it’s 50/50 as to whether or not yields are going to be better than average or worse than average,” he told a room packed with farmers. Caption Settings Dialog Beginning of dialog window. Growers should look to start marketing their beans at a cash price of US$9.50 per bushel or a November futures price of $10.25 in the period ending April 11. Jim Mintert, director of the Center for Commercial Agriculture at Purdue University, said cost of production for corn on average farmland in Indiana has fallen since the ethanol era highs of 2012 and 2013, but it still costs more to produce the crop than it returns. Seed costs are up and so are pesticide costs. The center surveys 400 farmers every month and produces an agriculture economy barometer from the results. “There is definitely some correlation between the November election results and producer sentiment,” said Widmar. Despite the optimism there is still a lot of pain in the U.S. farm economy.

4 signs your content marketing strategy needs a makeover
5 Steps to a Super-Focused, Super-Successful Content Experience
How to Choose the Best Social Media Marketing Tool for Your Business
It was a capacity crowd at the early morning riser grain marketing session at Commodity Classic. | Sean Pratt photo

SAN ANTONIO, Texas — It was standing room only during the grain marketing sessions at day one of the 2017 Commodity Classic.

Commodity Classic describes itself as is America’s largest farmer-led, farmer-focused convention and trade show.

Bryce Knorr, senior grain market analyst for Farm Futures, said it looks like there will be neutral ENSO conditions for the majority of the 2017 growing season. ENSO is the El Niño–Southern Oscillation.

There is no correlation between crop yields in the United States and a neutral ENSO.

“Basically it’s 50/50 as to whether or not yields are going to be better than average or worse than average,” he told a room packed with farmers.

There are much better odds that Argentina and Brazil will have lower wheat and soybean yields for the crop planted in 2017 and harvested in 2018 and that the Former Soviet Union will have big yields in wheat and coarse grain this year.

Play Video

Play

Mute

Current Time 0:00

/

Duration Time 0:00

Loaded: 0%

0:00

Progress: 0%

0:00

Progress: 0%

Stream TypeLIVE

Remaining Time -0:00

Playback Rate

1

  • Chapters

Chapters

  • descriptions off, selected

Descriptions

  • subtitles off, selected

Subtitles

  • captions settings, opens captions settings dialog
  • captions off, selected

Captions

Audio Track

Fullscreen

This is a modal window.

Caption Settings Dialog

Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque

Font Size50%75%100%125%150%175%200%300%400%

Text Edge StyleNoneRaisedDepressedUniformDropshadow

Font FamilyProportional…

COMMENTS

WORDPRESS: 0
DISQUS: 0