TRADE & MARKETS
Around the world markets
AMMO workshop mixes economic grain outlook with marketing adviceMarch 2017
By Trista Crossley
What do you get when you mix a world economic grain outlook with marketing information? For attendees at the Agricultural Marketing and Management Organization’s second workshop of 2017, they walked away with a clear-eyed view of the current global wheat situation and how to determine whether an offered price is fair under current market conditions.
Mike Krueger, founder and president of The Money Farm, a grain marketing advisory service located in Fargo, N.D., covered the world production vs. demand portion of the workshop. He told the audience that while he thought the market had hit bottom for the year, there probably wasn’t much of an upside in the short run.
Randy Fortenbery, the Thomas B. Mick Endowed Chair in the School of Economic Sciences at Washington State University, talked about how producers should assess their price risk and use current and historical market information to start thinking about whether it’s a good time to consider a sale or not. See more