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YELLOW CORN DiscountSchedule
YELLOW SOYBEANS DiscountSchedule
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Bids*
Updated 8/22/14 2:36PM
YELLOW CORN (C)
Date
Futures
Basis
Opt
Cash
08/18/14 - 08/22/14
3.66 S
34.00
U
4.00
08/25/14 - 09/06/14
3.66 S
39.00
U
4.05
09/07/14 - 09/15/14
3.66 S
35.00
U
4.01
09/16/14 - 09/30/14
3.66 S
20.00
U
3.86
YELLOW SOYBEANS (S)
Date
Futures
Basis
Opt
Cash
08/19/14 - 08/31/14
10.42 S
250.00
X
12.92
09/16/14 - 09/30/14
10.42 S
20.00
X
10.62
10/01/14 - 10/31/14
10.42 S
-21.00
X
10.21
11/01/14 - 11/30/14
10.42 S
-10.00
X
10.32
SOFT RED WINTER WHEAT (W)
Date
Futures
Basis
Opt
Cash
08/01/14 - 08/31/14
5.52 S
-35.00
U
5.17

* Any information is subject to change with out notice. All information posted here is subject to final confirmation by ADM. Please contact this location at the above number to confirm posted Information.
Market Intelligence
ADMIS Daily Grain Commentary
ADMIS AM Market View & Video
Higher grains. US stocks are mixed. Ukraine unknown offering resistance? Crude is lower. Most commodities are mixed to higher. US dollar is higher. Talk of US raising rates and increase money flow from EU may be helping the dollar.

About ADMIS Daily Grain Commentary
Marketing Partners Advisory
M.P.A 8/11/14 Position Update and Conf Call Recap
All price recommendations below are futures price references (not cash equivalent)

CORN:
2014-crop – We are 40% sold at Chicago December 2014 $5.18
Recommendation: sell 20% at Chicago December 2014 $4.50
Recommendation: sell 10% at Chicago December 2014 $4.65
2015-crop – We are 5% sold at Chicago December 2015 at $5.02

SOYBEANS:
2014-crop – We are 60% sold at Chicago November 2014 $12.25
Recommendation: sell 10% at Chicago November 2014 $12.00
2015-crop – We are 5% sold at Chicago November 2015 $12.03
Recommendation: sell 5% at Chicago November 2015 $ 12.07

WHEAT:
2014-crop
SRW – We are 60% sold at Chicago Sept 2014 $6.88
Recommendation: sell 20% at Chicago Sept 2014 $6.00
HRW – We are 85% sold at Kansas City Sept 2014 $7.59
Recommendation: sell 10% at Kansas City Sept 2014 $7.50
HRS - We are 50% sold at Minneapolis December 2014 at $7.82
Recommendation: sell 10% at Minneapolis December 2014 $7.35

2015-crop
SRW – We are 40% sold at Chicago July 2015 $7.18
HRW – We are 30% sold at Kansas City July 2015 $7.65

________________________________________
Marketing Partners Advisory
Conference Call Recap
August 11, 2014

Comments and discussion items from the weekly conference call of the recommendations group of Marketing Partners Advisory include the following –

1. The USDA report on Tuesday this week – We believe most industry participants are approaching this report with the expectation the USDA will increase domestic and global corn and soybean production as a result of generally favorable growing conditions for much of the northern hemisphere. More real time data will be used in the August reports rather than in prior months.
2. The longer term frost forecast seems to suggest most of the US corn should have time to reach full maturity prior to the anticipated first frost event. The two week weather forecast continues to suggest favorable temperatures and scattered rain events for much of the US corn and soybean growing regions. Many areas of the US in the central and eastern corn growing areas are reporting near ideal growing conditions have been in place since the very early stages of the production cycle. Since early on in the production cycle the northern growing areas in portions of Minnesota and the Dakotas have reported some stress. However other parts of these areas are continuing to suggest the new crop looks very robust.
3. We continue to see evidence there will be fierce competition in the new crop year between DDGs, corn, wheat, and meal as all expected to work through price to find demand in the feed sector. Lagging imports by China of corn, DDGs, and most recently sorghum may be compounding what was anticipated to be a new crop year with ample feed alternative supplies.
4. While there is some evidence of old crop corn selling, we generally believe much of this is linked to logistical preparation for the new crop harvest more so than the producer’s favorable opinion of current price. Going forward we continue to anticipate the producer attitude about selling new crop inventories at current prices is one which does not project sales of inventory in excess of logistical needs and/or cash flow needs for much of the remaining calendar year.
5. New crop demand globally and domestically is projected to remain historically strong. Given the current lower price environment and the reluctance by the producer to aggressively price new crop inventories, we anticipate much of the task to stem demand for the new crop year will initially fall on basis markets and cash grain spreads. To that end we fully anticipate a historically large amount of new crop inventory will be placed on some form of delayed pricing contracts by the producer for those inventories unable to be stored on farm.
6. Even with much of the focus of the industry being on the traditional supply and demand data in the short term, we encourage producers to remain aware of things taking place in Argentina (default), Ukraine, the Middle East, and the continuing lagging economic environment globally and domestically.


Best Regards – The Recommendations Group of Marketing Partners Advisory
About Marketing Partners Advisory
Doug Roose
ADM - Benson Quinn
BQCI Morning Comments
...

Corn
US corn futures posted a decent range and settled near
mid-range. The market firmed into the pause and seemed to
garner technical support on the trip to the highs early in the
session. Outside of the move higher early in the session, flat
price trade lacked conviction, which has been the case. With
very few fresh inputs in play, I...

Oilseeds
It was a two-sided session but of most of the trade,
overnight and during the day, was mildly higher. It seemed
that “what if” weekly export sales are higher in the morning
report lifted the overnight session while rains moving into
drier northeastern IA on the morning radar had beans
marking a fresh contract low early in the day trade w...

Hard Red Spring Wheat
US wheat futures were generally lower overnight and improved
to trading a touch higher into the pause. Wheat opened in line with
expectations, but couldn’t hold the nice recovery posted early in the
session. Short covering was a feature on flat price trade. If felt like
today’s price action was rooted in technical factors with Chicago...

About ADM - Benson Quinn
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Futures
SOYBEANS
Last:
Change:
High:
Low:
1169'4
33'2
1170'4
1137'0

* Futures composite price shown, delayed at least 10 minutes.
Weather for CLINTON, IASee C°
Current Conditions
79º

Feels Like 82º
High 87º Low 68º

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