Documents
YELLOW SOYBEANS DiscountSchedule
YELLOW CORN DiscountSchedule
Bids*
Hard Red Winter Wheat (QKW)
Date
Futures
Basis
Opt
Cash
09/01/14 - 09/30/14
5.93
-30.00
Z
5.63
01/01/15 - 01/31/15
6.03
-35.00
H
5.68

Yellow Corn (QBC)
Date
Futures
Basis
Opt
Cash
09/01/14 - 09/19/14
3.50
0.00
Z
3.50
09/22/14 - 09/30/14
3.50
-15.00
Z
3.35
10/01/14 - 10/31/14
3.50
-30.00
Z
3.20
11/01/14 - 11/30/14
3.50
-35.00
Z
3.15

Yellow Soybeans (QBS)
Date
Futures
Basis
Opt
Cash
09/01/14 - 09/15/14
9.99
25.00
X
10.24
09/16/14 - 09/30/14
9.99
-40.00
X
9.59
10/01/14 - 11/30/14
9.99
-40.00
X
9.59

* 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.
Hours
Monday through Friday 7:30 am - 4 pm

Closed Weekends
Closed Monday September 1 for Labor Day!
GO BIG RED!
Market Intelligence
ADMIS Daily Grain Commentary
ADMIS AM Market View & Video
9/15/2014 8:56:46 AM
Mixed/lower grain calls. US dollar is higher. Most commodities are lower. Trade will be watching US Fed minutes this wk. OECD lowered est of World growth rate. Bloomberg commodity Index is lowest since July, 2009.
About ADMIS Daily Grain Commentary
Marketing Partners Advisory
M.P.A 9/8/14 Recommendations and Conf Call Recap
9/9/2014 12:09:28 PM
Marketing Partners Advisory
Position Update and Conference Call Recap
September 8, 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 60% sold at Chicago Sept 2014 $6.88
Recommendation: sell 20% at Chicago Sept 2014 $5.75
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
Recommendation: sell 10% at Chicago July 2015 $6.25
HRW – We are 30% sold at Kansas City July 2015 $7.65
Recommendation: sell 10% at Minneapolis December 2015 $7.00
________________________________________
Marketing Partners Advisory
Conference Call Recap
September 8, 2014

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

1. The corn, wheat, and soybean markets all experienced bearish technical analysis price action over the past week as the soybean market continued its steady price decline and the corn and wheat futures broke down and through the lower end of price channels which had been in place for most of August.
2. The USDA will issue the monthly WASDE and production data later this week. As has been the case for the entirety of the current growing season there are expectations the new monthly data will project another increase in global and domestic production for most spring planted crops.
3. We continue to see evidence and hear reports producers will do and are doing everything possible this fall to extend the pricing window for new crop production. Over the past number of years the industry has worked aggressively to expand on-farm grain storage capacity in response to increasing production, strong grains and oilseed production agriculture economics and in some areas of the country to counter the frustration many have experienced as a result of transportation logistical problems. We continue to see evidence of this expansion of on-farm storage taking place in the run up to this fall’s harvest.
4. The current weather forecast suggests a first frost event may take place later this week in areas of North Dakota, northwestern Minnesota, and in areas of south central Canada. We will also note US HRW production areas are receiving beneficial rainfall in many areas as the new crop production cycle begins.
5. Reports continue to circulate of quality problems for wheat in portions of the US, Canada, the EU, the FSU, and China. The impact of this may be felt in the feedgrain markets and in the basis markets for wheat going forward.
6. As the US harvest of corn and soybeans moves north we continue to hear reports of very good or better yields. These reports are affirming what many have anticipated since May when the first new crop production projections were presented by the USDA. In the past we have suggested this may be the year the industry comes to better understand the positive impact new production technology and the expanded global utilization of production technology have on production potential.
7. We are now seeing increased interest in the discussion of price considerations for the 2015 new crop production cycle. If someone polled our group relative to a bearish or bullish bias for 2015 new crop grains and oilseed prices, it is likely our group would come down on the bearish side of the discussion. However it is also likely the group would suggest that bias is only the framework for our look forward at prices rather than a consideration which suggests now is the time to aggressively price projected new crop 2015 inventories. While maintaining a longer term perspective is important, so too is the issue of timing in a market. All of the issues pertaining to 2015 production remain in front of the market.
8. Although not a new consideration, new crop demand for global corn, wheat, and soybeans is projected to be historically large. We do not see evidence the producer has yet priced meaningful amounts of new crop inventory. The word “stunning” has been used to describe how little the producer has priced given the extended anticipation of big crops and the new crop prices afforded prior to and during the production cycle. The intent of this bullet point is not to opine on why this has taken place, but rather to serve as a reminder that the systems of the industry and price will likely need to work to address the stemming of new crop demand. Much of the market chatter and noise seems to be centered on production issues at a time when the issue of new crop demand realization is also taking form. The systems (operations and price) of the industry will likely need to work to increase pipeline supplies as it moves from the discussion of old crop tightness and reduced pipeline inventories to the new crop reality.


Best Regards – The Recommendations Group of Marketing Partners Advisory

About Marketing Partners Advisory
Doug Roose Becca Bunton
ADM - Benson Quinn
BQCI Morning Comments
9/15/2014 8:23:21 AM
...

Corn
9/15/2014 3:24:58 PM
US corn futures were weak overnight with help of a
soybean market that was weak early in the overnight session,
but recovered slightly into the pause. Morning temps late last
week and through the weekend were viewed as non-threatening
outside of the a few regions, which offered resistance during the
overnight session. The row crop m...

Oilseeds
9/15/2014 3:44:07 PM
Lower overnight trade turned into a higher day session on
technical support and solid August NOPA crush data and weekly
export inspections. Concern that FSA may lower soybean and corn
planted acreages in tomorrow’s acreage data also seemed to be
supportive with overnight trade unable to press thru to fresh lows
and today’s trading range ...

Hard Red Spring Wheat
9/15/2014 3:24:48 PM
Wheat futures were under pressure overnight in sympathy
with weaker row crop markets overnight and with help from new
lows for the move. Despite the market being oversold, technicals
remain weak and new lows for the move did attract additional
selling. A better than expected open in the row crop markets took
some of the pressure off ...

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.
Futures
09/16/14 11:24 AM GMT
WHEAT
Last:
Change:
High:
Low:
507'2
6'4
508'4
498'6

SOYBEANS
Last:
Change:
High:
Low:
998'6
9'2
999'6
987'2

CORN
Last:
Change:
High:
Low:
349'0
6'0
350'4
342'2

* Futures composite price shown, delayed at least 10 minutes.
Weather for LINCOLN, NESee C°
Current Conditions
42º

Feels Like 42º
High 67º Low 51º

Radar
Copyright 2014 Archer Daniels Midland Company   Inside(out)   Online Privacy Statement   Terms of Use   Compliance