Archive Article: 2002/07/19

19 July 2002

Selling 03 grain now can be good move

Waiting to start harvest? What about selling next years crop now? It may seem crazy, but farmers who did so last year would be better off by up to £20/t, according to the grain trade.

Easy with hindsight, but it reflects the volatility of the grain market and the need to keep your options open when marketing.

If selling at £62/t, ex-farm for November 2003 delivery, currently on offer, is unattractive, then consider the alternative. Locking into a minimum price contract at that level will alleviate risk, while allowing you to benefit from any lift in the trade.