Pro Farmer's Daily Advice Monitor
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- March 28: Increase old-crop wheat sales. Details below.
- March 27: No changes.
- March 26: No changes.
- March 25: No changes.
- March 22: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn |
|
---|---|
Cash-only marketers | 2023 crop: 35% sold |
Hedgers — cash sales | 2023 crop: 50% sold |
Hedgers — futures/options | No position. |
Wait on an extended rally to get current or advance 2023-crop sales. | |
Soybeans |
|
Cash-only marketers |
2023 crop: 60% sold 2024 crop: 10% sold |
Hedgers — cash sales |
2023 crop: 65% sold 2024 crop: 10% sold |
Hedgers — futures/options | No position. |
Be prepared to increase old-crop sales and advance new-crop sales on additional corrective price gains. | |
Wheat |
|
Cash-only marketers |
2023-crop: 80% sold. 2024-crop: 20% forward sold. |
Hedgers — cash sales |
2023-crop: 80% sold. 2024-crop: 20% forward sold. |
Hedgers — futures/options | No position |
On March 28, we advised selling another 10% of 2023-crop. Be prepared to further trim old-crop inventories on additional price strength. | |
Cotton |
|
Cash-only marketers |
2023 crop: 90% sold 2024 crop: 25% forward sold for harvest delivery |
Hedgers — cash sales |
2023 crop: 90% sold 2024 crop: 25% forward sold for harvest delivery |
Hedgers — futures/options | No position |
Get current with advised sales. | |
Livestock | |
Cattle |
|
1st qtr. 2024 | 0% |
2nd qtr. 2024 | 0% |
3rd qtr. 2024 | 0% |
4th qtr. 2024 | 0% |
Fed cattle producers should continue to carry risk in the cash market. | |
Hogs |
|
1st qtr. 2024 | 0% |
2nd qtr. 2024 | 0% |
3rd qtr. 2024 | 0% |
4th qtr. 2024 | 0% |
Carry all risk in the cash market but be prepared to add spring hedges. | |
Feed |
|
Corn | |
1st qtr. 2024 | 100% |
2nd qtr. 2024 | 33% |
3rd qtr. 2024 | 0% |
4th qtr. 2024 | 0% |
You should have all corn-for-feed needs covered in the cash market through April. | |
Meal | |
1st qtr. 2024 | 100% |
2nd qtr. 2024 | 33% |
3rd qtr. 2024 | 0% |
4th qtr. 2024 | 0% |
You should have all soymeal needs covered in the cash market through April. |