 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: 25% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 25% sold |
|
|
Hedgers - futures/options
|
No positions |
|
|
Get current with advised sales. We'll wait on higher prices before advancing 2018-crop sales. We are targeting a challenge of the July highs for additional sales. |
||
|
Soybeans |
||
| Cash-only marketers |
2018 crop: 40% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 40% sold |
|
|
Hedgers - futures/options
|
35% hedge in July soybean futures at $8.96. |
|
|
Get current with advised sales. A challenge of the July high would likely be enough to encourage additional sales. |
||
|
Wheat |
||
| Cash-only marketers |
2018 crop: 55% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 65% sold |
|
|
Hedgers - futures/options
|
No positions |
|
|
Wait to get current with 2018-crop sales. We are willing to wait on a price recovery to the $5.60 level in March SRW futures before selling more 2018-crop bushels. Additional 2019-crop sales would come at the same time. |
||
|
Cotton |
||
| Cash-only marketers |
2018 crop: 50% sold |
|
|
Hedgers -- cash sales
|
2018 crop: 50% sold |
|
|
Hedgers - futures/options
|
No positions |
|
| Get current with advised sales. We are targeting the 82.00 cent level in March futures for additional sales. Defensive hedges could be added on violation of the October lows. | ||
|
Livestock |
||
| Cattle |
4th qtr. 2018 |
0% |
|
1st qtr. 2019 |
0% | |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
| Fed cattle producers have exited all hedge coverage. Carry all risk in the cash market for now. | ||
| Hogs |
4th qtr. 2018 |
0% |
|
1st qtr. 2019 |
0% | |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
|
Continue to carry all risk in the cash market. We'll wait on signs of futures topping before adding 2019 hedge coverage. |
||
|
Feed |
||
| Corn |
4th qtr. 2018 |
Coverage in cash through mid-January. |
|
1st qtr. 2019 |
Coverage in cash through mid-January. | |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
| You should have all corn-for-feed needs covered in the cash market through mid-January. We'll extend coverage deeper into winter on a price pullback. | ||
| Meal |
4th qtr. 2018 |
Coverage in cash through mid-January. |
|
1st qtr. 2019 |
Coverage in cash through mid-January. | |
|
2nd qtr. 2019 |
0% | |
|
3rd qtr. 2019 |
0% | |
|
You should have all soybean meal needs covered in the cash market through mid-January. We'll extend coverage deeper into winter on a price pullback. |
||
Pro Farmer's Daily Advice Monitor
Posted on 12/10/2018 1:41 PM
Add new comment