How Will You Market This Year's Crops?

How Will You Market This Year's Crops?

ISU Extension crop weather and market outlook meetings for 2013 will be held June 24-26 in central Iowa.

Crop and livestock producers can learn about issues and strategies to prepare for fall by attending informational meetings hosted by Iowa State University Extension and Outreach. These crop weather and market outlook meetings will be held at five locations the last week of June; there is no charge to attend.

Two speakers will discuss crop weather and the market outlook:

* Don Roose, President and CEO of U.S. Commodities, Inc., helps create risk management programs for grain elevators, cattle and hog feedlots, producers, manufacturers and processors. Don has five decades of risk management experience and grew up on a grain and livestock farm operation.

WHAT'S AHEAD FOR GRAIN PRICES: Crop and livestock producers can learn about issues and strategies to prepare for fall harvest and to help plan their 2013 crop and livestock marketing strategies by attending one of several free-to-the public informational meetings hosted by Iowa State University Extension. The meetings will be held June 24, 25 and 26 in central Iowa.

* Dennis Todey, state and Extension climatologist for South Dakota State University, has conducted research on long-term climate trends and climate-yield relationships throughout the Midwest. He is a frequent speaker on long range outlooks, climate trends and general climate, variability and change information.

Crop weather and marketing outlook meeting dates and locations

* June 24, 7 p.m. – Ogden, Community Center

* June 25, 9 a.m. – Nevada, Story County Extension Office

* June 25, 7 p.m. – Brooklyn, Manatt Community Center

* June 26, 9 a.m. – Oskaloosa, Nelson Pioneer Farm and Museum

* June 26, 7 p.m. – Ankeny DMACC, Building 6 Auditorium

Sponsors include Cargill, Heartland Cooperative, Iowa Soybean Association, Key Cooperative and West Central Cooperative. For questions about these meetings, contact a county ISU Extension office.

Analysts estimate millions of acres won't get planted in the Upper Midwest this year. Production losses for corn and soybeans, which includes crops submerged in water too long, are estimated by some experts in the hundreds of millions of bushels. Persistent rain statewide this spring has caused planting delays and put thousands of acres of crops already emerged in jeopardy. Yield and production losses are likely, crop experts say, and grain markets have jumped as a result.

Steve Johnson, an ISU Extension farm management specialist in central Iowa, says the ISU seminars on crop weather and marketing couldn't be held at a better time to help farmers. "We think late June is an excellent time to look at finishing old crop sales and do some preharvest marketing of new crop bushels. It's usually just prior to the major USDA reports to be released on June 28," Johnson says. "We tend to see a trend toward futures prices to move significantly higher or lower as a result of these reports and extended weather forecasts."

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