 Receive advice alerts via text message. Call 1-888-582-9212 to learn how. |
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*Note: Check below daily to see if we recommend catch-up sales for individual markets. |
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Corn |
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| Cash-only marketers |
2019 crop: 50% sold via hedge-to-arrive contracts for harvest delivery |
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Hedgers -- cash sales
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2019 crop: 50% sold via hedge-to-arrive contracts for harvest delivery |
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Hedgers - futures/options
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No positions |
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We intend to wait on a price recovery to increase 2019-crop sales and to start 2020-crop sales. |
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Soybeans |
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| Cash-only marketers |
2019 crop: 40% sold via HTAs for harvest delivery |
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Hedgers -- cash sales
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2019 crop: 50% sold via HTAs for harvest delivery |
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Hedgers - futures/options
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No positions |
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We will wait on the push to the upside to exhaust before increasing 2019-crop sales. Be prepared to make initial 2020-crop sales on the next price rally. |
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Wheat |
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| Cash-only marketers |
2019 crop: 60% sold 2020 crop: 10% forward-sold via HTAs for harvest delivery |
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Hedgers -- cash sales
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2019 crop: 60% sold 2020 crop: 10% forward-sold via HTAs for harvest delivery |
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Hedgers - futures/options
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No positions |
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Wait on the next leg higher to increase old- and new-crop sales. |
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Cotton |
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| Cash-only marketers |
2019 crop: 55% sold |
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Hedgers -- cash sales
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2019 crop: 55% sold |
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Hedgers - futures/options
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No positions |
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| You should have a standing order to sell another 10% of 2019-crop in the cash market if March futures hit 67.50 cents. Make sure you cancel the previous standing order for December futures. | ||
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Livestock |
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| Cattle |
4th qtr. 2019 |
0% |
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1st qtr. 2020 |
0% | |
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2nd qtr. 2020 |
0% | |
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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% |
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1st qtr. 2020 |
0% | |
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2nd qtr. 2020 |
0% | |
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3rd qtr. 2020 |
0% | |
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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. |
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Feed |
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| Corn |
4th qtr. 2019 |
0% |
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1st qtr. 2020 |
0% | |
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2nd qtr. 2020 |
0% | |
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3rd qtr. 2020 |
0% | |
| You should be hand-to-mouth on feed needs until prices show signs of bottoming. | ||
| Meal |
4th qtr. 2019 |
Coverage in the cash market through mid-January. |
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1st qtr. 2020 |
Coverage in the cash market through mid-January. | |
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2nd qtr. 2020 |
0% | |
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3rd qtr. 2020 |
0% | |
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You should have all soybean meal needs covered in the cash market through mid-January. |
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Pro Farmer's Daily Advice Monitor
Posted on 12/09/2019 1:09 PM
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