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- March 3: No changes.
- March 2: No changes.
- March 1: No changes.
- Feb. 26: No changes.
- Feb. 25: Order hit for 2020-crop cotton sales. Make 2021-crop cotton sales, too. Details below.
*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: 80% sold 2021 crop: 20% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 80% 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. We'll likely hold remaining 2020-crop inventories into at least spring, unless there are signs of a major top. |
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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. |
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Wheat |
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Cash-only marketers |
2020 crop: 85% sold 2021 crop: 30% forward contracted for harvest delivery |
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Hedgers — cash sales |
2020 crop: 95% sold |
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Hedgers — futures/options |
No positions |
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Get current with advised sales. We'll likely wait until we know more about the winter wheat crop coming out of dormancy and spring wheat acreage before making additional 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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Get current with advised old- and new-crop sales. |
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Livestock |
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Cattle |
1st qtr. 2021 |
0% |
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2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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Carry all risk in the cash market for now. |
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Hogs |
1st qtr. 2021 |
0% |
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2nd qtr. 2021 |
25% in April at $89.425 |
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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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Get current with advised hedges. Be prepared to extend hedge coverage on additional price strength. |
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Feed |
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Corn |
1st qtr. 2021 |
67% |
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2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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You should are hand-to-mouth on corn-for-feed needs for now. We are looking to extend coverage if May futures drop to $5.25 or lower. |
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Meal |
1st qtr. 2021 |
67% |
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2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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You should are hand-to-mouth on corn-for-feed needs for now. We are looking to extend coverage if May futures drop to the $400 level. We would likely also extend coverage if futures show signs of bouncing from the January lows. |
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