CASH PRICE = FUTURES PRICE +/- BASIS
Marketing Months
Beans: F-January H- March K-May N-July Q- August U-September X-November
Corn/Milo/Wheat: H-March K-May N-July U-September Z- December
MARKETING PLANS ARE KEY THIS YEAR. MAKE AN APPOINTMENT OR COME BY TO SEE ME TO ESTABLISH A PLAN FOR YOUR GRAIN NEEDS. SETTING TARGETS AND ESTABLISHING PRICING LEVELS HELP TAKE THE EMOTION OUT OF GRAIN MARKETING, ALLOWING YOU TO TAKE ADVANTAGE OF VOLATILE MARKET SWINGS AS THEY HAPPEN.
Minimum price contracts- allows the producer to lock in a floor for their grain and buy a call to take advantage of any potential rallies. Can also be used later as turning a flat priced contract into a minimum priced contract, as long as the initial contract was at least 5,000 bushels.