Table of contents

    1. Seven Steps to Better Marketing
    2. Understanding supply factors for agricultural products
    3. How demand and supply determine market price
    4. How exchange rates affect agricultural markets
    5. How interest rates affect agricultural markets
    6. How to use charting to analyse commodity markets
    7. Agriculture marketing clubs
    8. Commodity futures markets
    1. Economics and Marketing – Choosing a Commodity Broker
    2. Margin on futures contracts
    3. Options on futures – an introduction
    4. Using hedging to protect farm product prices
    5. Canola futures contract
    1. Introduction to crop marketing
    2. Basis – How cash grain prices are established
    3. Grain marketing decision grid
    4. Price pooling – How it works
    5. Crop contracts
    6. Grain storage as a marketing strategy
    7. Using producer cars to ship prairie grain
    8. Using frequency charts for marketing decisions
    9. Western Canadian grain catchment
    10. Barley and wheat marketing resources
    11. Wheat basis levels
    12. Wheat quality and protein matters
    13. Wheat pricing considerations
    14. Marketing oats in Canada
    15. US Crops – Where Are They Grown?
    1. Introduction to livestock marketing
    2. Understanding and using basis levels in cattle markets
    3. Forward contracting of cattle
    4. Understanding dressing percentage of slaughter cattle
    5. Understanding the cattle market sliding scale
    6. Predicting feeder cattle prices
    7. Breakeven analysis for feeder cattle
    8. Farm gate values for farm-raised vs purchased calves
    9. Wool marketing in Canada
    10. Marketing feeder lambs
    1. Turf and forage seed trade companies active in the Peace Region
    2. History of creeping red fescue production in the Peace River Region
    3. Alfalfa seed marketing in Canada
    4. Forage seed marketing
    5. Marketing creeping red fescue
    6. Faba bean
    7. Marketing compressed hay
    1. Agricultural Marketing Glossary – A, B
    2. Agricultural Marketing Glossary – C
    3. Agricultural Marketing Glossary – D, E
    4. Agricultural Marketing Glossary – F, G
    5. Agricultural Marketing Glossary – H, I, J, K
    6. Agricultural Marketing Glossary – L, M
    7. Agricultural Marketing Glossary – N, O
    8. Agricultural Marketing Glossary – P, Q, R
    9. Agricultural Marketing Glossary – S
    10. Agricultural Marketing Glossary – T, U
    11. Agricultural Marketing Glossary – V, W
    12. Other Marketing Related Glossaries

T

Tariff - Taxes that are imposed on commodity imports. Tariffs may be levied based on a percentage of value, known as ad valorem, or based on a specific amount per unit.

Technical Analysis – A method of attempting to forecast commodity (and stock) prices that uses detailed price charts. Technical analysts study patterns of price change, rates of price change and changes in volume of trading and open interest. They don't consider underlying fundamental market factors. See also "fundamental analysis."

Technical Rally (or Decline) - A price change resulting from conditions developing within the futures market itself but not related to outside supply and demand factors. Conditions indicating a technical rally or decline include changes in the open interest, changes in volume of trade, degree of recent price movement and, sometimes, the approach of first notice day. See "first notice day."

Tick or Tick Size - The smallest upward or downward change in a future's price allowed by the rules of a commodity exchange for a particular futures or options contract. For example, the tick size for ICE Futures Canada Barley futures is $0.10/tonne as of June 2013. The tick size for CME Live Cattle futures is $.00025/lb. or one-quarter of a cent per pound as of June 2013.

The ICE Futures Canada – Canada's largest agricultural exchange. Formerly the Winnipeg Commodity Exchange.

Thin Market - A market with a small number of either, buyers or sellers, or both buyers and sellers.

Tissue Shrink or Shrinkage – A loss in live animal weight when animals go for a long period without feed and water and also experience significant other stress. Tissue shrink occurs when cattle lose over 6% of their weight. Animals experiencing tissue shrink may take from 10 to 36 days to recover the weight loss.

To-Arrive Contract – An unpriced forward contract between a buyer and seller that locks in the commodity's futures price, the amount to be delivered, and the delivery period for a commodity to be delivered later. The final price is determined at a later date, when the seller locks in the basis prior to or up to the day of delivery, depending on the details of the contract. Also known as a "futures-first contract" or "to-arrive contract."

Trade Barrier - A general term covering any government policy or restriction, which limits free exchange of goods and services between countries or within countries. These barriers may include import tariffs or duties, quotas, export taxes, restrictions on import or export licenses, and non-tariff barriers such as stringent health and safety standards regulations.

Trader

  1. A person working on his or her own or employed by a company involved in the buying and selling of a cash commodity.
  2. A speculator that trades futures and/or options for his or her own account.

Trading Hours (cash) - Twenty-four hours a day, seven days a week, 365 days a year.

Trading Hours (futures markets) - The time when a commodities market allows trading of futures and options contracts. For example, at the CME, trading hours for pit-traded Live Cattle and Feeder Cattle futures are from 9:05 a.m. to 1:00 p.m. Central Standard or Central Daylight Time, Monday through Friday, except on legal holidays. Notes that electronic trading times may be different than those for "open outcry."

Trading Limit – See "limit"

Transfer or Transferable Notice – A notice given by the seller of a futures contract that he or she intends to deliver cash product against his or her short futures contract rather than offset the position.

U

To-Arrive Contract – An unpriced forward contract between a buyer and seller that locks in the commodity's futures price, the amount to be delivered, and the delivery period for a commodity to be delivered later. The final price is determined at a later date, when the seller locks in the basis prior to or up to the day of delivery, depending on the details of the contract. Also known as a "futures-first contract" or "to-arrive contract."

Trade Barrier - A general term covering any government policy or restriction, which limits free exchange of goods and services between countries or within countries. These barriers may include import tariffs or duties, quotas, export taxes, restrictions on import or export licenses, and non-tariff barriers such as stringent health and safety standards regulations.

Trader

  1. A person working on his or her own or employed by a company involved in the buying and selling of a cash commodity.
  2. A speculator that trades futures and/or options for his or her own account.

Trading Hours (cash) - Twenty-four hours a day, seven days a week, 365 days a year.

Trading Hours (futures markets) - The time when a commodities market allows trading of futures and options contracts. For example, at the CME, trading hours for pit-traded Live Cattle and Feeder Cattle futures are from 9:05 a.m. to 1:00 p.m. Central Standard or Central Daylight Time, Monday through Friday, except on legal holidays. Notes that electronic trading times may be different than those for "open outcry."

Trading Limit – See "limit"

Transfer or Transferable Notice – A notice given by the seller of a futures contract that he or she intends to deliver cash product against his or her short futures contract rather than offset the position.

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