Marketing seminar to offer perspectives on 2019 wheat outlook
The North Dakota Wheat Commission is sponsoring a Pre-harvest Marketing Seminar in conjunction with the North Central Research Extension Fields Days in Minot on Wednesday, July 17.
The seminar will start at 1 p.m., and will be held in the meeting room at the NCREC. Mike Krueger of The Money Farm will open the seminar and discuss marketing strategies for harvest and beyond, as well as mega issues impacting markets. This presentation is designed to give producers some perspective on major factors influencing markets, and what strategies might offer the most potential to achieve the best price on their 2019 crops.
The second speaker on the program will be Oleksandr Bayuk, senior wheat merchandiser, CHS, Inc. Bayuk will provide a more detailed discussion on the demand outlook for hard red spring and durum wheat. He is directly involved with the export merchandising of wheat for CHS, giving him some unique perspective on what the 2019 marketing year will provide, and which countries provide the best opportunities.
Wrapping up the session will be a presentation by the North Dakota Wheat Commission, focusing on industry trends and issues impacting North Dakota wheat producers.
According to Jim Peterson, policy and marketing director, “The 2019 season has provided significant planting challenges for parts of our region, as well as other key crop production areas in the U.S., but an even bigger challenge has been the low price environment producers have faced last year and this year. Some of that has changed with the delayed 2019 planting season, which provided some better pricing opportunities in June, but margins remain tight for most crops. Hopefully, through this seminar producers can get some useful information to help make the best marketing decisions in a tough global market.”
Both events that day are free, and no registration is required. The NDSU NCREC Field Day kicks off at 8:30 a.m. and includes discussion and plot tours on a number of production-related topics, including hybrid wheat, managing acidic soils, weed control, and pulse crops and canola research. A lunch follows at noon.