Virginia Commodity Marketing
A free resource for Virginia producers
This site outlines commodity information and resources to help Virginia producers build successful agricultural enterprises. It includes auctions, historical prices, basis, marketing trends, and more.
MARKETING
State graded auctions
There are many marketing options across the state.
CME futures
The future market shows national trends in feeder cattle prices.
Basis and basis patterns
Basis, or the difference between the futures price and your local market, can tell you a lot about what your cattle may bring.
PRICE RISK MANAGEMENT
Livestock risk protection
This federal price insurance program can protect your bottom line.
Hedging strategies
Hedging can be hard. Our price forecasting tool shows how to use this strategy for your operation.
Target price calculator
What are your cattle worth? Volatility in the market can make it hard to know.
Contact:
Elijah Griles: Commodity Specialist, Agriculture, Development & Innovation with Virginia Farm Bureau Federation®
Elijah.Griles@vafb.com
MARKETING
Virginia grain locations
Virginia has many different elevators and terminals where producers can deliver their grain.
CME futures
View more information about grain futures and current futures prices.
Basis and basis patterns
- Basis patterns across space
- Basis seasonality
Basis is a measure of the strength of your local market. It is important to understand the patterns and trends in your local market to make better marketing decisions.
PRICE RISK MANAGEMENT
Hedging strategies
Hedging with futures is a key part of reducing an operation’s price risk.
Hedging simulation
See how a farmer on Virginia’s Eastern Shore would have fared if they hedged using futures for the past 22 years
Target price calculator
Find out what your grain is worth. Should you store or sell? Is it better to deliver locally or haul to a different market?
Contact:
Jayson Gill, jayson00@vt.edu
Funding for this project: NIFA National Needs Fellowship "Integrated Graduate Training in Commodity Markets: A Managed Fund Approach
This site outlines commodity information and resources to help Virginia producers build successful agricultural enterprises. It includes auctions, historical prices, basis, marketing trends, and more.
MARKETING
State graded auctions
There are many marketing options across the state.
CME futures
The future market shows national trends in feeder cattle prices.
Basis and basis patterns
Basis, or the difference between the futures price and your local market, can tell you a lot about what your cattle may bring.
PRICE RISK MANAGEMENT
Livestock risk protection
This federal price insurance program can protect your bottom line.
Hedging strategies
Hedging can be hard. Our price forecasting tool shows how to use this strategy for your operation.
Target price calculator
What are your cattle worth? Volatility in the market can make it hard to know.
Contact:
Elijah Griles: Commodity Specialist, Agriculture, Development & Innovation with Virginia Farm Bureau Federation®
Elijah.Griles@vafb.com
MARKETING
Virginia grain locations
Virginia has many different elevators and terminals where producers can deliver their grain.
CME futures
View more information about grain futures and current futures prices.
Basis and basis patterns
- Basis patterns across space
- Basis seasonality
Basis is a measure of the strength of your local market. It is important to understand the patterns and trends in your local market to make better marketing decisions.
PRICE RISK MANAGEMENT
Hedging strategies
Hedging with futures is a key part of reducing an operation’s price risk.
Hedging simulation
See how a farmer on Virginia’s Eastern Shore would have fared if they hedged using futures for the past 22 years
Target price calculator
Find out what your grain is worth. Should you store or sell? Is it better to deliver locally or haul to a different market?
Contact:
Jayson Gill, jayson00@vt.edu
Funding for this project: NIFA National Needs Fellowship "Integrated Graduate Training in Commodity Markets: A Managed Fund Approach
USDA reports are among the most important reports in the agricultural commodities market. To what extent do USDA reports move the futures market? How do traders adjust their trading positions with the release of USDA reports?
Barchart talked to Doug Christie, an agribusiness executive, and Olga Isengildina Massa, John B. and Kristi L. Rowsell Professor in the Dept. of Agricultural and Applied Economics, for a deep dive on this topic.
