Market prices can fluctuate quickly throughout the day. Whether you are tracking corn, soybeans, wheat, livestock or heating oil, it is important to have risk management tools available to monitor the market. Ideally, those tools are also convenient and easy for you to use.
Here are five options to monitor the markets while you are on the move:
1. Browser-based Quote Updates – Check the Daily Quotes at FarmFutures.com on your computer browser, or add a bookmark to your mobile device for Farm Futures Mobile, which includes quotes, weather and news. You can set these quotes to update manually, or at intervals. To save this to your iPhone desktop, simply open the mobile site in your Safari web browser, and select the box with the arrow coming out of it on the bottom of your screen. Then select, "Add to Home Screen." On Android, go to the Farm Futures mobile site, select the Menu button, select "Bookmarks," and then click "Add Shortcut to Home." The link to Farm Futures Mobile will stay conveniently on your desktop.
2. RSS Feed Market News – Want to keep up-to-date on the latest market news? Try an RSS feed reader like Feedly. Feedly is available on Apple and Android. To utilize this app, you simply add the RSS link to the reader. Farm Futures offers a number of RSS feeds, including the Smart Office and Farm Futures Market Commentary.
3. Podcast Market Update – Podcasts are essentially radio on demand. A link is available to Farm Futures Market Update podcast on the magazine's website. You can also search Farm Futures on your iPhone's podcast app, which is a purple icon with an "i" in the middle located on your smartphone's desktop.
4. Social Media – Follow Farm Futures or your preferred brokerage firm on Twitter for regular commodity updates.
5. Text Messages – Is your internet connection too unreliable to internet-based updates? Register for text message commodity updates. After you register, you can select your market update preferences.
The opinions of Jessica Michael are not necessarily those of Farm Futures or the Penton Farm Progress Group.