Marketing 2022 production and forward to 2023

[cuban_assassin]

Hey marketing experts wondering if perhaps we should be aggressively selling our 2022 crop at current prices? We are about 40% sold on 2022 production and at current price levels and yields we can price into profit on all commodities grown. My concern is the volatility and possibility of seeing commodity prices trending down as recession strengthens. Traditionally we have been schooled to sell into rising markets and lock in profits when they present themselves. However part of me is wondering will we see 22.00-25.00 canola and 13.00-15.00 wheat later on in marketing year?
Also should we be forward pricing some 2023 production?
Thoughts?

[blackpowder]

Volatility and velocity of money definitely the new risk study.
By all means if you like the price for new crop for example; but we now more than ever, need to use protection tools.
Not to mention predicting input costs a year out.
Disclosure, I'm heavily sold 22 for my own reasons, and have sold some 23.

[Grahamp]

I am pretty much sold out of 2022. I have sold 50% of my 23 production. It has nothing to do with predicting prices, I simply cannot afford low crop prices with 1000N and 1250 P.

[macdon02]

Hey marketing experts wondering if perhaps we should be aggressively selling our 2022 crop at current prices? We are about 40% sold on 2022 production and at current price levels and yields we can price into profit on all commodities grown. My concern is the volatility and possibility of seeing commodity prices trending down as recession strengthens. Traditionally we have been schooled to sell into rising markets and lock in profits when they present themselves. However part of me is wondering will we see 22.00-25.00 canola and 13.00-15.00 wheat later on in marketing year?
Also should we be forward pricing some 2023 production?
Thoughts?

No, Russia just took out the power grid in Ukraine, as we learnt from the US, that's the first step in escalation, Iraq, Afghan, Syria invasions all began with grid Wipeout. Not sure Afghan had a power grid to begin with. Regardless this is heating up, finally, this doesn't look good. I momentarily thought I was good at what I do when looking at my projected profit, silly me, there's a debt crisis in the entire western world and similar to the yen, the purchasing power of a loonie or dollar has devalued massively. Drive to Fond du lac and pickup a 24 of Pepsi, you'll see what I mean. We are being fed propaganda because we are at war.

[Taiga]

How do you drive to Fond du lac ?

[furrowtickler]

[TOM4CWB]

Interesting that US rice costs over $700/t twice what the Asian price is for rice… cotton as well higher….

Brazilian corn and soybean significantly lower cost than US…

Natural Gas going negative on the nearby… will this type of ‘black swan ‘ event with Putin messing

Argentina being dry …wheat production down 30%…with low river levels… Mississippi being so low but rainy now… 3 Gorges in China so short the hydro generation was shut down… just like lake Mead….

We are very dry in Alberta… squeeze on Nov22 Canola up over $30/t today…

Wild Volatility is virtually guaranteed for 23!

A bird in the hand is worth two in the bush???

2023 harvest is a long way away… yet now buying fertilizer, fuel, Premerge weed control…our seed now…

Not Nov 1st yet…

What could possibly go wrong?????

Blessings and Salutations