Minnesota CropCast - Ed Usset: Grain Marketing is Simple (it's just not easy)

Abstract

Ed Usset, Grain Marketing Economist Center for Farm Financial Management, University of Minnesota was the guest for episode 39 of Minnesota CropCast. Since 2001, Ed has been writing and executing marketing plans for his mythical farms; a corn and soybean operation in Southwestern Minnesota and a wheat farm in the Red River Valley of Northwestern Minnesota. Throughout the discussion, Ed emphasizes the importance for grain growers to forward price their grain based on understanding seasonal market patterns after harvest especially during times of lower commodity prices. He also reviews some of the common mistakes in marketing in terms of timing grain sales. Finally, the discussion covers how national production and international demand factors may impact the 2024-2025 marketing year.