A risk management concept we’ve recently talked about is "volatility is your profit." Soon weather will be causing market volatility, so be prepared to capture it. For an interesting Web site with a flood map and other interesting weather data, check out www.nws.noaa.gov/oh/hic/nho. Another Web site of great value, free between now and March 29, is www.grainscoop.com . Use "grain" as your user name and "scoop" as your password. This site has excellent historical market data relating to weather. Remember, there’s not as much difference in production ability between farmers as there is in the ability to turn farm data into business savvy. Those who do have a competitive advantage that others don’t.
You can e-mail Moe at [email protected]