News > Co-op News > Forward Contracting

Forward Contracting

Jan 25, 2021

Grain Bin

Think ahead.

In the past few months, we have seen rising corn and soybean prices due to reductions in crop size and tightening carryout numbers.

This has presented us with selling opportunities that we have not seen in 5-7 years. As we focus on marketing the 2020 crop, we would encourage you to also look at the 2021 crop. Using your own farm’s projected costs and historic/projected yield information, there may be profitable opportunities to forward contract a portion of your expected crop.

The first step in this is calculating costs, which can be helped by a simple Excel spreadsheet template that Premier can send you to customize for yourself. While we are not certain what prices will do going forward, if it makes sense for your operation to start forward contracting, we are happy to assist.


Use the form below or call 608.308.4889 to contact Jory Bossuyt at our Westby location for more information!

 

Jory Bossuyt

Grain Lead & Merchandising
 

Latest Posts

4 Production Tips for Corn at V5
May 03, 2023
Focusing on Plant Nutrition at V5
After your corn crop gets to emergence and the weather conditions are cooperating, it develops rapidly, completing a growth stage approximately every three days. By the V5 stage, corn plants have put on significant root mass, making it an ideal time to focus on plant nutrition and stress reduction to maximize yields. Let’s take a look at 4 early-season management strategies to support your developing crop and maximize your return per acre.    
May 2023 Energy News
May 03, 2023
Well, my snowmobiles, snow thrower, winter clothes, salt and shovels are all put away until they’re needed again in about 230 days. I know no one wants to think about next winter but our propane contracts will be mailed out in June. Once again, those who contracted last year came out money ahead as propane prices this past winter exceeded the contract price. I lock my propane price in every year because I know after 32 years in this business that propane prices typically increase during the winter months. You can almost set your watch by it.
From the Manager's Desk
May 03, 2023

As I write this the last week of April, we still have a couple of nights of sub-freezing temperatures to deal with, but that doesn’t seem to be slowing down our agronomy locations that are now entering their busiest time of the year. Long days and short nights can be the norm this time of year for our agronomy division and our producer members as they work to get this year’s crop in the ground. This is a great reminder to please pay special attention over the next couple of months to farm machinery pulling in and out of the fields and wide loads coming around the next corner or over the next hill. Whether you are in your car on your way to work, or in the tractor moving to the next field, never assume the other person sees you. Slow down and be extra careful. 

Related Topics

General
Agricultural
Residential
Commercial

Related Posts

Premier Co-op

May 2023 Energy News

Well, my snowmobiles, snow thrower, winter clothes, salt and shovels are all put away until they’re needed again in about 230 days. I know no one wants to think about next winter ...

May 03, 2023
Premier Co-op

From the Manager's Desk

As I write this the last week of April, we still have a couple of nights of sub-freezing temperatures to deal with, but that doesn’t seem to be slowing down our agronomy locations...

May 03, 2023
Premier Co-op

Grain Update - April 2023

The end of February and beginning of March was tough in the grain markets, but the last few weeks in March have been a nice rebound, giving us about half the downward move back in corn ...

Apr 05, 2023
Premier Co-op

From the Manager's Desk

The beginning of April marks the halfway point for your cooperative’s fiscal year. Except for our feed division, which operates in a high paced environment year-round, many of our...

Apr 05, 2023
SEE ALL CO-OP NEWS