IDEAS home Printed from https://ideas.repec.org/p/ags/nccc20/309642.html

Corn and Soybean Pricing Strategies Using FAPRI Baselines and Ranges

Author

Listed:
  • Scull, Emily
  • Jaegers, Daniels
  • Green, Matthew
  • Foster, Melinda
  • Frizzell, Reece
  • Brees, Melvin
  • Womack, Abner

Abstract

This research model examines the use of FAPRI baselines and ranges to develop marketing strategies for the sale of corn and soybeans. The goal was to create a disciplined and objective approach for selling crop which would ultimately increase prices received over the 2008-2018 10-year period. Three strategies were developed: A Price Objective strategy which makes upside sales, a Trailing Stop strategy which makes downside sales, and a Seasonal Sale strategy which makes structured sales during historically high times. Additional methods for selling were implemented into each strategy including All Time High sales, sales made when there is a Five Percent Drop from the Ten Day High, and End of the Year Trailing Stop sales. Multi-year sales were also considered separately and included the same strategies and methods for selling. Results showed that all strategies out-performed USDA average farm prices received for the period examined. The results of this research could shape future models and increase economic gains for agricultural producers.

Suggested Citation

  • Scull, Emily & Jaegers, Daniels & Green, Matthew & Foster, Melinda & Frizzell, Reece & Brees, Melvin & Womack, Abner, 2020. "Corn and Soybean Pricing Strategies Using FAPRI Baselines and Ranges," 2020 Conference, St. Louis, Missouri 309642, NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    • Handle: RePEc:ags:nccc20:309642
    DOI: 10.22004/ag.econ.309642
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/309642/files/Scully_Jaegers_Green_Foster_Frizzell_Brees_Womack_NCCC-134_2020.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.309642?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nccc20:309642. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://legacy.farmdoc.illinois.edu/nccc134/index.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.