Farmers in Western Canada can be forgiven for feeling just a little hesitant when pricing new crop earlier this year, given how many were on the wrong side of a grain contract after the drought of 2021.
But even the most risk averse farmer has had an opportunity to price into a heck-of-a market…until now.
We want to know, how much new crop have you priced or hedged?
Growing Degree Days (GDD) are an indicator of expected crop development based on weather conditions. GDDs are calculated by taking the mean temperature over a day and subtracting a base temperature. For most cereal grains, the base temperature is considered 5 degrees C, as they require around 1200 GDD to reach maturity. GDD = (Tmax + Tmin)…
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