The challenge is to market grain for a fictional farm. The team met in late March and made decisions to sell the rest of the 2011 crop and to lock into some decent prices for part of the 2012 harvest.
As well as price, their marketing decisions had to take into account many other considerations such storage and movement issues, the Eurozone problems and the likely financial security of some export destinations. They were also wary of being oversold on a very uncertain harvest outcome.
Catch up with the team’s grain market discussions.