Pro Farmer's Daily Advice Monitor

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  • Nov. 29: No changes. 
  • Nov. 26: No changes. 
  • Nov. 24: No changes. 
  • Nov. 23: No changes. 
  • Nov. 22: No changes. 

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

Corn

Cash-only marketers

2021 crop: 50% sold 

2022 crop: 10% sold for harvest delivery next year.

Hedgers — cash sales

2021 crop: 50% sold

2022 crop: 10% sold for harvest delivery next year. 

Hedgers — futures/options

No positions

Get current with advised sales. Be prepared to advance sales on further price strength. 

Soybeans

Cash-only marketers

2021 crop: 60% sold 

Hedgers — cash sales

2021 crop: 75% sold

Hedgers — futures/options

No positions

Get current with all advised cash sales. 

Wheat

Cash-only marketers

2021 crop: 70% sold 

2022 crop: 20% forward sold for harvest delivery next year.

Hedgers — cash sales

2021 crop: 70% sold

2022 crop: 20% forward sold for harvest delivery next year. 

Hedgers — futures/options

No positions

Get current with advised 2021- and 2022-crop sales. 

Cotton

Cash-only marketers

2021 crop: 85% sold 

2022 crop: 30% forward sold for harvest delivery next year

Hedgers — cash sales

2021 crop: 100% sold 

2022 crop: 30% forward sold for harvest delivery next year

Hedgers — futures/options

15% buyback in long March cotton futures at 111.34 cents. 

Get current with advised sales and the buyback. Be prepared to increase 2022-crop sales when the market shows signs of a top. 

Livestock

Cattle

4th qtr. 2021

0%

1st qtr. 2022

0%

2nd qtr. 2022

0%

3rd qtr. 2022

0%

Carry all risk in the cash market for now. Futures should strengthen once the boxed beef market finds a bottom. 

Hogs

4th qtr. 2021

0%

1st qtr. 2022

0% 

2nd qtr. 2022

0%

3rd qtr. 2022

0%

There's more near-term downside risk, but hedges are risky with winter-month contracts are steeper-than-normal discounts to the cash index. 

Feed

Corn

4th qtr. 2021

33%

1st qtr. 2022

0%

2nd qtr. 2022

0%

3rd qtr. 2022

0%

You are hand-to-mouth on corn-for-feed needs. Wait on a price pullback to extend coverage.  

Meal

4th qtr. 2021

33%

1st qtr. 2022

0%

2nd qtr. 2022

0%

3rd qtr. 2022

0%

You are hand-to-mouth on soybean meal coverage. Wait on a price pullback from the recent price rally to extend coverage.  

 

 

Latest News

First Thing Today: Followthrough pressure overnight amid heightened risk aversion, month-end selling

Grain and soy complex futures were part of a broader selloff overnight.

wheat_april
U.S. winter wheat crop will go into dormancy with below-average CCI ratings

The HRW CCI rating is 7.8 points below the five-year average, the SRW rating is 13.5 points under the end-of-fall norm.

After the Bell | November 29, 2021

Wheat futures lead grains and soy complex lower amid profit-taking, dollar strength; cattle drop sharply.

Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

Soybean inspections decline versus the previous week's big upward revision

Soybean inspections topped expectations at more than 2.1 MMT.

Monday Morning Wake Up Call | November 29, 2021

Corn and wheat futures are lower to start the week as soybeans firm. Cattle futures are mildly firmer and lean hogs are mixed...