2018 Market Outlook MeetingsDate: Jan 10 - 25, 2018
Hear from industry professionals at one of our upcoming grain market outlook meetings. 14 meetings will be held to better serve our member-owners.
The 2016 season is shaping up to be a bumper crop with unknown dryer demand. While the current crop is currently maturing ahead of schedule, and the current propane supply is ample, unknown weather patterns or demand during the fall could potentially create pressure on local supply. The current low propane prices also mean more will be exported to other countries. Though analysts are comfortable with the current supply levels, it’s important to stay steadfast. Additional demand could come, which is why it’s key to fill early.
Taking all this into account, now is the perfect time to revisit best practices and confirm your needs with your propane supplier so your operation is prepared for harvest. Here are a few best practices to keep in mind as autumn nears:
Set up a delivery schedule now
Fill early and then have a conversation with your supplier about your expected in-season needs. You can use this time to set up a delivery schedule as well. This will let you plan ahead and help your dealer anticipate what to expect and what to plan for during harvest – which can help reduce any devastating downtime.
Right-size your storage
If you’ve expanded your operation recently, whether it’s drying capability or purchasing additional equipment, be sure to evaluate if you should also UPGRADE YOUR PROPANE STORAGE CAPACITY to ensure you have an adequate supply. Increasing your storage now will help ensure things run smoothly and on-time during harvest.
Reach out to your dealer for any off-season deals
Propane doesn’t have an expiration date, so if your propane dealer is offering any off-season summer fill or incentives, now is the time to make your purchase. As the propane market fluctuates, the price will rarely drop in a period of high demand, such as harvest season.
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