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- January 16: No updates.
- January 15: No updates.
January 14: Soybean producers: Initiate 2026-crop sales... Risk remains abundant in soybeans as USDA once again lowered their export estimate. South American production estimates continue to increase as weather has been beneficial for crop development. Given potential for increasing trade tensions with top importer China, we advise soybean hedgers and cash-only marketers to sell 10% of expected 2026-production to get to 10% sold. We will look to establish floors on a price bounce.
Corn producers: Initiate 2026 crop sales... December futures rebounded following the report driven sell-off. Risk is elevated with an abundant U.S. balance sheet and potential for high acres in 2026. We feel it is prudent to begin establishing a floor for new-crop. There is unlikely to be a big catalyst until the March Prospective Plantings report. We advise corn hedgers and cash-only marketers to sell 10% of expected 2026-crop production to get to 10% priced. We will evaluate additional hedges if the market provides another opportunity over the coming weeks.
- January 13: No changes.
- January 12: No changes.
- January 9: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn | |
|---|---|
| Cash-only marketers | 2025 crop crop: 25% sold 2026 crop: 10% sold |
| Hedgers — cash sales | 2025 crop crop: 25% sold 2026 crop: 10% sold |
| Hedgers — futures/options | No position. |
| Wait on an extended corrective bounce to increase sales. | |
Soybeans | |
| Cash-only marketers | 2025 crop: 30% sold 2026 crop: 10% sold |
| Hedgers — cash sales | 2025 crop: 30% sold 2026 crop: 10% sold |
| Hedgers — futures/options | No position. |
| Wait on a move back to the recent highs or higher to make additional old- and new-crop sales. | |
Wheat | |
| Cash-only marketers | 2025-crop: 50% sold. 2026-crop: 20% forward sold. |
| Hedgers — cash sales | 2025-crop: 50% sold. 2026-crop: 20% forward sold. |
| Hedgers — futures/options | none |
Cotton | |
| Cash-only marketers | 2025 crop: 20% sold 2026 crop: 0% sold |
| Hedgers — cash sales | 2025 crop: 20% sold 2026 crop: 0% sold |
| Hedgers — futures/options | No position. |
| We will wait on recommendations for new crop sales until an extended rally allows for opportunity. | |
| Livestock | |
Cattle | |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| 4th qtr. 2026 | 0% |
| Fed cattle producers should continue to carry risk in the cash market. | |
Hogs | |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| 4th qtr. 2026 | 0% |
Carry all production risk in the cash market.
| |
Feed | |
| Corn | |
| 1st qtr. 2026 | 66% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| 4th qtr. 2026 | 0% |
| You have all corn-for-feed needs covered through February in the cash market. Be prepared to make additional purchases. | |
| Meal | |
| 1st qtr. 2026 | 100% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| 4th qtr. 2026 | 0% |
| You have all meal for feed needs covered through March in the cash market. |