 Receive advice alerts via text message. Call 1-888-582-9212 to learn how. |
||
*Note: Check below daily to see if we recommend catch-up sales for individual markets. |
||
|
Corn |
||
| Cash-only marketers |
2018 crop: 80% sold 2019 crop: 30% sold via hedge-to-arrive contracts for harvest delivery |
|
|
Hedgers -- cash sales
|
2018 crop: 80% sold 2019 crop: 30% sold via hedge-to-arrive contracts for harvest delivery |
|
|
Hedgers - futures/options
|
No positions |
|
|
Wait on the rally to show signs of stalling before advancing old- and new-crop sales. |
||
|
Soybeans |
||
| Cash-only marketers |
2018 crop: 75% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 75% sold |
|
|
Hedgers - futures/options
|
No positions |
|
|
You should have a standing order to sell another 15% of 2018-crop in the cash market if July futures hit $9.25. |
||
|
Wheat |
||
| Cash-only marketers |
2018 crop: 100% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 100% sold |
|
|
Hedgers - futures/options
|
No positions |
|
|
You should have a standing order to sell another 10% of 2019-crop in the cash market if July SRW futures hit $5.60. |
||
|
Cotton |
||
| Cash-only marketers |
2018 crop: 70% sold 2019 crop: 35% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 70% sold 2019 crop: 35% sold |
|
|
Hedgers - futures/options
|
No positions |
|
| On June 24, we rolled our standing orders for additional 2018-crop sales to December futures. You should have a standing order to sell 15% of 2018-crop in the cash market if December futures hit 67.25 cents. You also should have a standing order to sell another 15% of 2018-crop in the cash market if December cotton futures hit 71.90 cents. | ||
|
Livestock |
||
| Cattle |
1st qtr. 2019 |
0% |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
|
4th qtr. 2019 |
0% | |
| Futures are undervalued. Wait on a strong price recovery before considering hedges. | ||
| Hogs |
1st qtr. 2019 |
0% |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
|
4th qtr. 2019 |
0% | |
|
Continue to carry all risk in the cash market as futures are now undervalued relative to the cash market. |
||
|
Feed |
||
| Corn |
2nd qtr. 2019 |
Coverage in cash through August. |
|
3rd qtr. 2019 |
Cash and hedge coverage through August. | |
|
4th qtr. 2019 |
0% | |
|
1st qtr. 2020 |
0% | |
| You should have all corn-for-feed needs covered in the cash market through mid-July and long hedges at $4.58 in December corn futures covering remaining needs through August. | ||
| Meal |
2nd qtr. 2019 |
Coverage in cash through mid-July. |
|
3rd qtr. 2019 |
Coverage in cash through mid-July. | |
|
4th qtr. 2019 |
0% | |
|
1st qtr. 2020 |
0% | |
|
You should have all soybean meal needs covered in the cash market through mid-July. You should wait on a pullback from the strong rally to extend coverage. |
||
Pro Farmer's Daily Advice Monitor
Posted on 06/24/2019 2:47 PM
Add new comment