Pro Farmer's Daily Advice Monitor

Pro Farmer Daily Advice Monitor
Pro Farmer Daily Advice Monitor
(Farm Journal)

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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.   

 

 

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Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

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