Pro Farmer's Daily Advice Monitor

Posted on 01/22/2021 1:30 PM

advice

Receive advice alerts via text message. Call 1-888-582-9212 to learn more.

  • Jan. 22: No changes.
  • Jan. 21: No changes.
  • Jan. 20: No changes.
  • Jan. 19: No changes.
  • Jan. 15: No changes. 

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

Corn

Cash-only marketers

2020 crop: 70% sold

2021 crop: 20% forward sold for harvest delivery 

Hedgers — cash sales

2020 crop: 80% sold

2021 crop: 20% forward sold for harvest delivery 

Hedgers — futures/options

No positions

Get current with advised 2020- and 2021-crop sales. While prices have fallen sharply from recent highs, current prices are still attractive. 

Soybeans

Cash-only marketers

2020 crop: 90% sold

2021 crop: 20% forward sold for harvest delivery 

Hedgers — cash sales

2020 crop: 90% sold

2021 crop: 20% forward sold for harvest delivery 

Hedgers — futures/options

No positions

Get current with advised 2020- and 2021-crop sales. While prices have fallen sharply from recent highs, current prices are still attractive. 

Wheat

Cash-only marketers

2020 crop: 85% sold 

2021 crop: 30% forward contracted for harvest delivery

Hedgers — cash sales

2020 crop: 95% sold

2021 crop: 30% forward contracted for harvest delivery

Hedgers — futures/options

No positions

Get current with advised sales. We'll likely wait until we know more about the winter wheat crop coming out of dormancy and spring wheat acreage before making additional sales. 

Cotton

Cash-only marketers

2020 crop: 80% sold

2021 crop: 20% forward sold for harvest delivery next year

Hedgers — cash sales

2020 crop: 80% sold

2021 crop: 20% forward sold for harvest delivery next year

Hedgers — futures/options

No position

Get current with advised 2020- and 2021-crop sales. Be prepared to make additional old- and new-crop sales if the market signals a top is in place.  

Livestock

Cattle

1st qtr. 2021

0%

2nd qtr. 2021

0%

3rd qtr. 2021

0%

4th qtr. 2021

0%

Carry all risk in the cash market for now. Downside risk should be limited from current levels.  

Hogs

1st qtr. 2021

0%

2nd qtr. 2021

0%

3rd qtr. 2021

0%

4th qtr. 2021

0%

You should carry all risk in the cash market for now. 

Feed

Corn

1st qtr. 2021

33%

2nd qtr. 2021

0%

3rd qtr. 2021

0%

4th qtr. 2021

0%

You are hand-to-mouth on corn-for-feed needs for now. Given the sharp price break, be prepared to extend coverage. 

Meal

1st qtr. 2021

100%

2nd qtr. 2021

0%

3rd qtr. 2021

0%

4th qtr. 2021

0%

You should be hand-to-mouth on meal needs. Given the sharp price break, be prepared to extend coverage. 

 

Add new comment