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Grain Markets Likely to Remain Sluggish

Grain Markets Likely to Remain Sluggish - The Bubba Show
Original air date:  November 14, 2017

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: November 14, 2017

Hedging to Protect Crops & Livestock


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Grain markets got hammered on Monday and Bubba had to call in the expert Angie Setzer, Vice President of Grains at Citizens Elevator, also known as the Goddess of Grain on Twitter.  Angie tells Bubba that the USDA surprised the markets by revising their estimates last week, which may have caused some of the selling pressure.

Bubba and Angie discuss hedging and the many ways to protect your crops and livestock. Angie talks about her expectations for markets and feels that there will not be much action until after the first of the year, comparing these markets to watching paint dry.

Front-month contracts or active months are next on the agenda for Angie and Bubba, Angie explains that she trades the active month while watching the delivery month because it helps with direction. Bubba explains that trading the delivery month is a terrible idea and an easy way to get trapped.

Bubba and Angie discuss subbing in options. If you must sell your crops, options allow you to participate in a move if you have liquidated. Bubba asks Angie about land prices and holding value. Angie states that surprisingly, the land prices are still rising even though the markets are weak.

About Angie Setzer

Angie Setzer PhotographAngie Setzer is Vice President of Grain for Citizens LLC. Occasional talking head and writer. Unapologetic ag enthusiast and lover of markets. Tweets are my own.

[Join Angie on – LinkedIn][Follow Angie on Twitter]

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.