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- May 7: No changes.
- May 6: No changes.
- May 5: No changes.
- May 4: No changes.
- May 3: No changes.
*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 |
2020 crop: 90% sold 2021 crop: 20% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 20% forward sold for harvest delivery |
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Hedgers — futures/options |
No positions |
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Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks. |
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Soybeans |
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Cash-only marketers |
2020 crop: 90% sold 2021 crop: 20% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 20% forward sold for harvest delivery |
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Hedgers — futures/options |
No positions |
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Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks. |
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Wheat |
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Cash-only marketers |
2020 crop: 100% sold 2021 crop: 50% forward contracted for harvest delivery |
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Hedgers — cash sales |
2020 crop: 100% sold |
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Hedgers — futures/options |
No positions |
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Get current with advised old- and new-crop sales. |
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Cotton |
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Cash-only marketers |
2020 crop: 90% sold 2021 crop: 40% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 40% forward sold for harvest delivery |
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Hedgers — futures/options |
No position |
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Wait on a further price rebound to get current with advised old- and new-crop sales or to make additional sales. |
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Livestock |
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Cattle |
2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Carry all risk in the cash market for now. |
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Hogs |
2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
25% in July at $95.375 |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Be prepared to add to third-quarter hedges and possibly establish fourth-quarter hedges. |
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Feed |
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Corn |
2nd qtr. 2021 |
100% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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You should have all corn-for-feed needs covered in the cash market through June. We will wait for a corrective price break to extend coverage. |
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Meal |
2nd qtr. 2021 |
100% |
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3rd qtr. 2021 |
33% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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You should have all soybean meal needs covered in the cash market through June. You also have 50% of needs for July and August covered in the cash market. |
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