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- Nov. 20: Extend corn-for-feed coverage. Details below.
- Nov. 19: Claim profits on 2024-crop cotton hedges. Details below.
- Nov. 18: No changes.
- Nov. 15: No changes.
- Nov. 14: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn | |
|---|---|
| Cash-only marketers | 2024 crop: 20% sold |
| Hedgers — cash sales | 2024 crop: 20% sold |
| Hedgers — futures/options | No position. |
| Get current with advised sales. Our next sales target is the $4.25 to $4.50 range in December futures. | |
Soybeans | |
| Cash-only marketers | 2024 crop: 20% sold |
| Hedgers — cash sales | 2024 crop: 20% sold |
| Hedgers — futures/options | No position. |
| Our next sales target is $10.75 in January soybean futures. | |
Wheat | |
| Cash-only marketers | 2024-crop: 70% forward sold. 2025-crop: 20% forward sold. |
| Hedgers — cash sales | 2024-crop: 70% forward sold. 2025-crop: 20% forward sold. |
| Hedgers — futures/options | none |
| Wait on an extended corrective bounce to extend sales. | |
Cotton | |
| Cash-only marketers | 2024 crop: 35% forward sold for harvest delivery |
| Hedgers — cash sales | 2024 crop: 35% forward sold for harvest delivery |
| Hedgers — futures/options | No position. |
| Wait on an extended corrective rebound to advance cash sales. | |
| Livestock | |
Cattle | |
| 4th qtr. 2024 | 0% |
| 1st qtr. 2025 | 0% |
| 2nd qtr. 2025 | 0% |
| 3rd qtr. 2025 | 0% |
| Fed cattle producers should continue to carry risk in the cash market. | |
Hogs | |
| 4th qtr. 2024 | 50% |
| 1st qtr. 2025 | 50% |
| 2nd qtr. 2025 | 0% |
| 3rd qtr. 2025 | 0% |
You have 50% of fourth-quarter production in hedged in December $84.00 put options at $2.075 and 50% of first-quarter production hedged in February $84.00 puts at $3.35.
| |
Feed | |
| Corn | |
| 4th qtr. 2024 | 83% |
| 1st qtr. 2025 | 0% |
| 2nd qtr. 2025 | 0% |
| 3rd qtr. 2025 | 0% |
| On Nov. 20, we advised covering another two weeks of corn-for-feed needs in the cash market through mid-December. | |
| Meal | |
| 4th qtr. 2024 | 100% |
| 1st qtr. 2025 | 25% |
| 2nd qtr. 2025 | 0% |
| 3rd qtr. 2025 | 0% |
| You have all soymeal needs covered in the cash market through the third week of January. |