Mr.Grain - 2/26/2024 21:56
fatan sassy - 2/26/2024 06:46
Dan Loehr - 2/26/2024 06:32
MR Grain
the guys picking on you, charts, or other marketing tools --remind me of a conversation with a fellow farmer
He was paying $10 an acre for some one to market his grain --let the guy do "everything"
Merchandiser had sold his grain the farmer was in line with me at the elevator ---
MAD because grain had went up --he could have gotten more
His words "At least I have some one to blame it on "
Tough bunch
Dan
I think he’s “marketing” his services. Problem I have with that whole group is how they try to convince folk on here they know more about guessing a market than anyone else. It is entertaining to watch them all make fools out of each other when they guess something right once in a while. The good ones talk out of all sides of their mouths and say nothing useful but good enough at their BS job to make farmers think they knew!
I dont know where prices are going more than anyone else……
I dont claim to…..yes we talk about bullish things a lot….but we practice risk management…..
That is where farmers struggle
It isnt about out guessing the market
It is about doing what is correct for ones own grain market situation….every operation is different……different goals and needs…….
As a producer regarding the futures market , which is what determines virtually all of my price
(+/- basis
) It is only about guessing the correct time to enter and exit the market. It 100% depends on one’s ability to guess that correctly. The better the guess, the more money. The worse the guess, the smaller amount of money. You can make it seem complicated all day and nothing matters except picking the moment to act. Calling it “out guessing the market” doesn’t make sense to me. If I “out guess” another player I will get more money. I would call that luck all things considered. That’s what it’s called in all other aspects of life.
What's everyone doing for basis contracts?
