However, it is not a viable option for all producers because in many cases soybean sales are necessary due to lack of storage or to pay expenses. Producers could consider basis, minimum price or mini-max contracts as alternatives. These contracts allow the grain to be delivered at harvest. A cash advance or minimum price also is received which can be used to meet expenses. During the four different periods discussed above, there are many alternatives and opportunities for marketing soybeans.
Educational meetings offer the latest information and provide important reference materials.
Price and other Marketing Information from farm magazines, marketing services or other media sources. Concentrate on three to five sources and check them regularly for current information. Local Cash Contract Alternatives available at elevators, processors or other cash commodity buyers. It is important to know where and what cash contracts are available and how they may be used when needed. Consider forming or joining a soybean marketing club to regularly discuss soybean marketing with other producers.