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Market analyst says producers should adapt to today’s volatility

A market analyst says producers may have to adjust their marketing plans to account for volatility.

Jeff Peterson with Heartland Farm Partners tells Brownfield significant price ranges developed when pit trading at the Chicago Board of Trade transitioned online. “We have to physically make sure we’re not marketing like we did then, which means we have to focus on making preharvest sales. We also have to work on ways in which we time when we need to physically sell.”

He says technical selling is an option for growers. “Because what it allows us to do is there are going to be moments when the markets goes too high and there’s going to be times when the market goes too low for the conditions.  We just have to get better at what action to take at those moments.”

Brownfield interviewed Peterson at a Nebraska Soybean Management Field Day.

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