Time to think about marketing that crop

When it comes to grain marketing understanding futures markets and basis can help make sense of the messages that markets are sending. 

Crops Extension Specialist Mike Brown says there are a number of factors that can influence the price you receive.

"The most important thing that's going to come to producers mind is understanding where those cash flow requirements are going to be needed. As grains getting put into the bin if there are bills to be paid you may have to sell that grain in spot prices. Maybe not as lucrative as futures contracting on some aspects, but if it has to be done, it has to be done."

He says when it comes to marketing international, national, provincial and municipal events can influence prices on various commodities.

Another key aspect is monitoring futures and basis.

In this Mesonet Weather Report, Oklahoma state climatologist Gary McManus explains how drought conditions are expanding across the state, while new rain chances may offer some relief. Get the latest Oklahoma weather outlook, drought updat