For those farmers who do not have any new crop soybeans sold, selling in early September has a high probability of success. With prices so low, getting an extra few cents per bushel is important. Now is not the time to give up on marketing. If prices continue to work lower going into harvest, there is a good probability that using the marketing loan will be an attractive alternative. Farmers have never before had a program that works quite like the marketing loan.
Grain is put under loan at a certain price in each county.
The actual price may fluctuate depending on the local basis and the time of day. The other feature that differs from the old style loan is that grain does not have to be placed under loan to take advantage of the marketing loan. Grain is eligible for only the marketing loan or loan deficiency payment, not both. There are several ways to use these features to add to your net price. One way is to place the grain under loan and sell it on a day when the market rallies.