S3E7: Grain Marketing Basics


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Oct 29 2024 77 mins  

Recorded 10/2/2024

As corn and soybean harvest season is in full swing here in Pennsylvania, there is no better time to have a conversation about grain marketing strategy than the present! In this episode, our grain marketing novices, Ryan and Justin, invite grain marketing expert Jon LaPorte of MSU Extension to discuss the basics of grain marketing. We discuss grain marketing terms like basis and futures, contract options available to farmers, as well as market trends.

Hosts: Ryan Spelman and Justin Brackenrich, Penn State Extension
Guest: Jon LaPorte, Michigan State Extension

Links:
Michigan State University Extension DEMaND Series
Grain Marketing Evaluation Tool
Commonly Used Grain Contracts

Photo credit: Ryan Spelman, Penn State Extension

Thank the Pennsylvania Soybean Board for sponsoring our 2025 Crops Conference and Crops Day events.  The Pennsylvania Soybean Board is responsible for the proper allocation of soybean checkoff dollars. This farmer led board preserves and advances animal agriculture, identifies and promotes sustainable practices that provide ROI to farmers, drives new innovations to increase the value of soy, promote biofuels through partnering opportunities, and increases the understanding of soy.

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