Pro Farmer's Daily Advice Monitor

Posted on 01/15/2021 1:30 PM

advice

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  • Jan. 15: No changes. 
  • Jan. 14: No changes.
  • Jan. 13: Corn, soybean and wheat sales advice. Details below.
  • Jan. 12: No changes.
  • Jan. 11: 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.

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 sales. 

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.  

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. 

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. We'll wait on an extended price pullback 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. We'll wait on an extended price pullback to extend coverage. 

 

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