Pro Farmer's Daily Advice Monitor

Posted on 01/28/2020 2:14 PM
advice

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  • Jan. 28: No changes. 

  • Jan. 27: No changes. 

  • Jan. 24: No changes. 

  • Jan. 23: No changes. 

  • Jan. 22: No changes. 

*Note: Check below daily to see if we recommend catch-up sales for individual markets. 

 
Corn
Cash-only marketers

2019 crop: 50% sold 

Hedgers -- cash sales

 

2019 crop: 50% sold 

Hedgers - futures/options

 

No positions

 

You should have a standing order to increase 2019-crop sales by 10% in the cash market if March futures hit $4.01. Also be prepared to make initial 2020-crop sales. 


Soybeans
Cash-only marketers

2019 crop: 50% sold

Hedgers -- cash sales

 

2019 crop: 50% sold 

Hedgers - futures/options

 

No positions

You should have a standing order to sell another 10% of 2019-crop in the cash market if March futures hit $9.75. Also be prepared to make initial 2020-crop sales. 


Wheat
Cash-only marketers

2019 crop: 80% sold

2020 crop: 30% forward-sold via HTAs for harvest delivery

Hedgers -- cash sales

 

2019 crop: 80% sold 

2020 crop: 30% forward-sold via HTAs for harvest delivery

Hedgers - futures/options

 

No positions 

Get current with advised old- and new-crop sales. We want to give the market a chance to reach a "6" handle before increasing old-crop sales.  


Cotton
Cash-only marketers

2019 crop: 65% sold

Hedgers -- cash sales

 

2019 crop: 65% sold

Hedgers - futures/options

 

No positions

You should have a standing order to sell another 15% of 2019-crop in the cash market if March futures hit 74.50 cents. We'll also make new-crop sales when the old-crop order is hit. 

Livestock
Cattle

4th qtr. 2019

0%

1st qtr. 2020

0%

2nd qtr. 2020

0%

3rd qtr. 2020

0%
Carry all risk in the cash market until futures signal the rally has run out of steam.
Hogs

4th qtr. 2019

0%

1st qtr. 2020

0%

2nd qtr. 2020

0%

3rd qtr. 2020

0%

Continue to carry all risk in the cash market. But be prepared for short-term defensive hedges given futures premium to cash if futures can't push above the spring/summer downtrend. 


Feed
Corn

1st qtr. 2020

Coverage in the cash market through mid-March.

2nd qtr. 2020

0%

3rd qtr. 2020

0%

4th qtr. 2020

0%
You should have all corn-for-feed needs covered in the cash market through mid-March. 
Meal

1st qtr. 2020

Coverage in the cash market through mid-March.

2nd qtr. 2020

0%

3rd qtr. 2020

0%

4th qtr. 2020

0%

You should have all soybean meal needs covered in the cash market through mid-March. Wait for the market to flash signs of a low before extending coverage.

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