As the grain and livestock markets trend lower, farmers can still look for marketing opportunities. “Challenge the paradigm you’re using to define an opportunity,” says Mike North, president, Commodity Risk Management Group. “In a world where ethanol is taking it on the chin, the price of corn is going to look very different than it did even one month ago when ethanol was running at full speed.” Managing risk should be the top priority. “Rallies need to be rewarded and risk needs to be protected,” says North. “Have a game plan in place and don’t let the volatility spook you.”
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