by Greg Sullivan, Grainnet Editor
On November 21, I interviewed Philip Luce, Grain Merchandising Specialist and Director of Education for White Commercial Corporation.
He spoke on the following topics:
• Current market conditions: elevators are happy to be net depositors rather than borrowers
• Factors contributing to current market conditions: money draining from futures markets; bumper crop
• Strategies for the country elevator manager: watch for selling opportunities, as good basis won't last forever; give the producer a sense of security that, even if they didn't hit the home run this time, they can make a consistent profit year over year
Phil Luce is a Grain Merchandising Specialist and Director of Education for White Commercial Corporation, a commodity broker and basis trading education company serving country elevators and feedmills in 27 U.S. states and Canada. The grandson of an Indiana farmer, Phil is proud to be involved in the ag industry and a member of the WCC family since 1995. In addition to daily consulting with WCC customers, Phil develops educational programs and travels the country teaching grain merchandising workshops.
For more information, call 772-283-2420.
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