Bids*
Updated 7/7/14 1:51PM
YELLOW SOYBEANS (S)
Date
Futures
Basis
Opt
Cash
07/01/14 - 07/31/14
12.37
100.00
Q
13.37
08/01/14 - 08/31/14
12.37
90.00
Q
13.27
09/01/14 - 10/31/14
10.96
-22.00
X
10.74
01/01/15 - 01/31/15
11.05
-15.00
F
10.90

HI-PRO SOYBEAN MEAL (SM)
Date
Futures
Basis
Opt
Cash
02/01/14 - 02/28/14
436.10
40.00
N
476.10

* 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.
Offers*
Updated 7/7/14 1:51PM
YELLOW SOYBEANS (S)
Date
Futures
Basis
Opt
Cash
07/01/14 - 07/31/14
12.37
100.00
Q
13.37
08/01/14 - 08/31/14
12.37
90.00
Q
13.27
09/01/14 - 10/31/14
10.96
-22.00
X
10.74
01/01/15 - 01/31/15
11.05
-15.00
F
10.90

HI-PRO SOYBEAN MEAL (SM)
Date
Futures
Basis
Opt
Cash
02/01/14 - 02/28/14
436.10
40.00
N
476.10

* 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 Opening Market View & Video
6/18/2014 8:41:19 AM
Higher grains. US dollar is lower. Most commodities are higher. China shares lower. Uncert growth rate & banking conditions cont to offer resistance. China soymeal futures lower. Palmoil prices are higher on higher World energy prices and concern about El Nino impact on SE Asia weather.

About ADMIS Daily Grain Commentary
Marketing Partners Advisory
M.P.A 6/30/14 Position Updates and Conf Call Recap
7/1/2014 8:33:45 AM
Marketing Partners Advisory
Position Updates
June 30, 2014

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 50% sold at Chicago Sept 2014 $7.16
Recommendation: sell 20% at Chicago Sept 2014 $6.00
HRW – We are 75% sold at Kansas City Sept 2014 $7.73
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
June 30, 2014


Best Regards – The Recommendations Group of Marketing Partners Advisory

The first day of the week in the grains and oilseed markets is typically an interesting day. Today was perhaps a bit more interesting as the USDA had a couple of reports in the queue and weather developments (rain) continue to suggest questions remain about planting, drown out, and crop development in portions of the US Corn Belt.

The USDA reports – The planted acreage data generally clarifies a question which has remained unanswered since the USDA issued the March 31 planting intentions report. The question following the March 31 intentions report was linked to what some believed to be missing acres. The totality of US planted acres seemed to be too low. Without going into the details this issue was clarified in the June 30th report. Acres were found back.

The stocks data in the USDA report also provided some further clarification of how the markets will transition to the new crop year from an inventory perspective. Needless to say the report suggested the markets (particularly the soybean market) will have enough inventory to transition to the new crop year. The task of price to address the old crop inventory tightness issue for soybeans appears to have been changed following yesterday’s stocks data.

The weather – There has been a ray of hope the weather developments in portions of the US may/could/were negatively impacting new crop production potential to the point it could stem the tide of the bearish market. There are reasons to believe this issue is losing traction as the vast majority of the balance of the growing area continues to report excellent or better new crop production potential. It is as if the market stopped looking at the potholes as it now senses a huge wave of new crop inventories may be on the horizon. Many of the US growing areas for corn perhaps only need another week or two of favorable weather (which is in the current forecast) to get the crop deep into pollination. There is a case to be made the probability of a new crop production threat is quickly losing time value.

Feed grain alternatives - We continue to also see evidence the feed grain markets domestically and globally may be entering a new crop environment in which ample supplies of competing feed grain and/or protein alternatives will exist. There are reasons to believe the meal market, corn market, and DDG market will be trying to race to price levels to attract demand.

Funds - The most recent CFTC commitments report suggests the funds remain long corn and soybeans. We anticipate further liquidation going forward given the current weather forecast and crop development to date.


Best Regards – The Recommendations Group of Marketing Partners Advisory
About Marketing Partners Advisory
Doug Roose
ADM - Benson Quinn
BQCI Morning Comments
7/10/2014 8:27:08 AM
...

Corn
7/9/2014 4:08:57 PM
US corn futures traded into yesterday’s lows, which did
trigger selling this time. Funds were estimated sellers of
7,000 corn contracts on the day. Weakness across the Ag
sector added additional resistance, but the story remains the
weather and potential yields as they relate to what appears
the best growing season the bulk of the c...

Oilseeds
7/9/2014 3:30:35 PM
Path of least resistance remains lower with big US
crops on the horizon and global and US ending stocks expected to
be record large in Friday’s WASDE report. Weather forecasts are
favorable with cool temps seen thru the 10-day outlook while
extended outlooks show no sign of change in current pattern with
cool temps and normal precip expe...

Hard Red Spring Wheat
7/9/2014 4:08:45 PM
Wheat face another round of selling as new lows attract new
selling, while the fundamental side attracts limited buying related
to pricing. Funds were estimated sellers of 2,000 Chicago and a
key component in all three wheat markets. An oversold Chicago
market, having net short fund position already, performed much
better than overs...

About ADM - Benson Quinn
* The content on this page, including news, quotes, and commentary is not intended to provide information, advice or recommendations for trading purposes or any form of commercial activity. ADM expressly disclaims all warranties and representations, express or implied, as to the accuracy of any the content provided, or as to the fitness of the information for any purpose.
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Futures
07/10/14 04:32 PM GMT
SOYBEANS
Last:
Change:
High:
Low:
1335'4
1'0
1347'6
1326'0

WHEAT
Last:
Change:
High:
Low:
535'2
-4'2
543'4
535'2

CORN
Last:
Change:
High:
Low:
400'2
-3'6
406'0
400'2

SOYBEAN MEAL
Last:
Change:
High:
Low:
436.10
-3.40
446.30
435.20

* Futures composite price shown, delayed at least 10 minutes.
Weather for WEST LAFAYETTE, INSee C°
Current Conditions
72º

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High 78º Low 56º

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