Pro Farmer's Daily Advice Monitor

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  • May 13: No changes.
  • May 12: No changes.
  • May 11: No changes.
  • May 10: No changes.
  • May 9: No changes.

*Note: Check below daily to see if we recommend catch-up sales for individual markets.

Corn

Cash-only marketers

2021 crop: 90% sold 

2022 crop: 40% sold for harvest delivery 

Hedgers — cash sales

2021 crop: 90% sold

2022 crop: 40% sold for harvest delivery  

Hedgers — futures/options

No positions

Get current with all advised sales. 

Soybeans

Cash-only marketers

2021 crop: 85% sold 

2022 crop: 40% sold for harvest delivery

Hedgers — cash sales

2021 crop: 95% sold

2022 crop: 40% sold for harvest delivery 

Hedgers — futures/options

No positions

Get current with all advised cash sales.

Wheat

Cash-only marketers

2021 crop: 90% sold 

2022 crop: 50% forward sold for harvest delivery

Hedgers — cash sales

2021 crop: 90% sold

2022 crop: 50% forward sold for harvest delivery 

Hedgers — futures/options

10% 2021-crop hedge in short July SRW wheat futures at $8.75 1/4. 

Get current with all advised sales. 

Cotton

Cash-only marketers

2021 crop: 90% sold 

2022 crop: 50% forward sold for harvest delivery 

Hedgers — cash sales

2021 crop: 100% sold 

2022 crop: 50% forward sold for harvest delivery

Hedgers — futures/options

No positions

Get current with advised sales and be prepared to increase new-crop sales. 

Livestock

Cattle

2nd qtr. 2022

0%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

Continue to carry risk in the cash market unless futures overdo the upside.

Hogs

2nd qtr. 2022

0%

3rd qtr. 2022

0% 

4th qtr. 2022

0%

1st qtr. 2023

0%

Hog futures should build to a seasonal peak in mid-summer.

Feed

Corn

2nd qtr. 2022

0%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

You are hand-to-mouth on corn-for-feed needs. We are targeting a sharp pullback to extend coverage.

Meal

2nd qtr. 2022

67%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

You have all soybean meal needs covered in the cash market through May. Be prepared to extend coverage on price weakness.  

 

 

Latest News

HRW, SRW crops head in opposite directions

HRW CCI rating drops to the lowest of the year, while the SRW rating improved to its highest of the spring.

After the Bell | May 16, 2022

Wheat futures rally daily trading limits after India export ban fuels supply concern; corn, beans also surge.

USDA Unveils $6 Bil. in WHIP+ Payments for 2020, 2021 Crop Disasters

Program has new name of Emergency Relief Program (ERP)

Soybean inspections near the top of trade expectations

Soybean inspections continue to run stronger than normal for this time of year.

Monday Morning Wake Up Call | May 16, 2022

Wheat futures gapped higher overnight and corn and soybeans open the week amid solid price support. Lean hog futures are sharply higher with the cattle complex mixed to moderately lower.

Ahead of the Open | May 16, 2022

Wheat futures soar to multi-year highs after India bans exports; corn and soybeans also higher.