Tuesday September 23, 2014

QUESTION OF THE WEEK

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Information provided on commodity options

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Greg Kostal was one of the presenters at a grain marketing workshop in Estevan.

Local producers had the opportunity to learn about commodity options for the 2014 farming season during a grain marketing workshop that was hosted by the Ministry of Agriculture on January 27 at the Days Inn.

The 35 people who attended the session listed to five different speakers: Kostal Ag Consulting president Greg Kostal, Farmers Advanced Risk Management Company chief strategist John De Pape, Ministry of Agriculture regional farm management specialist Ken Evans, Viterra manager of grain marketing Wendy Kaplan, and RBC Dominion Securities investment and commodity futures advisor Regan Espeseth.

“Everything is stemming around commodity marketing,” said Evans. “John has more of a focus on risk management tools, while Greg's focus is on market outlook.”

“Regan will be speaking primarily on commodity training, and Wendy Kaplan … will be talking about grain contracting and risk management,” added Steve Tremblay, who is also from the Ministry of Agriculture.

Evans said the agriculture department wants to provide information to producers for marketing purposes.

“We want to give them an understanding of the market outlook, tools and techniques to market their commodities,” said Evans.

It's a good time to have these learning sessions, Evans said, because most producers determine a lot of their marketing activities and strategies in the winter, when they're not in the field.

“This is in preparation of seeding time,” said Evans. “They can make decisions on what to grow next year, what to market in terms of the crop they just harvested, as well as some marketing decisions around what we refer to as the new crop year.”

Saskatchewan Agriculture offered similar workshops in several other Saskatchewan communities in late January. They were in Yorkton on January 28 and Moose Jaw on the 29th. Further stops will be in Swift Current on the 30th and Saskatoon on the 31st.

 


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