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Soybean Quality Rewards Program
Soybean Discount Schedules
Announcements
***New truck dump hours: Starting 8/18/2014 truck dumps 7am-5pm until further notice***

Free DP for any beans delivered by 8/31/14. Price by 10/15/14

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Bids*
YELLOW SOYBEANS (S)
Date
Futures
Basis
Opt
Cash
08/21/14 - 08/31/14
10.42 S
300.00
X
13.42
09/01/14 - 09/05/14
10.42 S
265.00
X
13.07
10/01/14 - 11/30/14
10.42 S
-40.00
X
10.02
01/01/15 - 01/31/15
10.49 S
-35.00
F
10.14

SOYBEAN MEAL (SM)
Date
Futures
Basis
Opt
Cash
08/01/14 - 08/31/14
433.30 S
225.00
U
658.30

* 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
8/22/2014 8:56:29 AM
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
8/12/2014 9:17:02 AM
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
8/22/2014 8:15:46 AM
...

Corn
8/22/2014 3:57:43 PM
US corn futures were able to build on yesterday’s
modest support and spent the bulk of the session trading
higher. Volume was dominated by 68,000 Sept/Dec spread
trading. A firmer tone in the wheat and soybean markets
offered support. The Sept and Dec contracts trading above
their respective 20 day moving averages was also a
sup...

Oilseeds
8/22/2014 3:53:35 PM
It was a higher session all day for the beans with
market holding onto moderate gains as it went into the close.
The firmer trade today seemed more about nominal short
covering profit taking than about anything fundamental yet
firm trade in the front end Sept contract, which filled the
July 4 holiday chart gap, and new crop sales to Chin...

Hard Red Spring Wheat
8/22/2014 3:57:33 PM
US wheat futures were firm overnight and rallied nicely early in
the session. The hard wheat provided leadership and it felt like there
was good pricing in KC and Mpls early in the session. Chicago wheat
lagged the move higher and was able to trigger additional short
covering early in the session. Chicago would fail miserably in the
...

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.
Hours
BEANS
Hours Mon-Fri 7am-7pm

Meal
Open Sunday 10pm and then
closing Sat at noon.


Phone Number
1.800.722.9302
Contacts
Chad Spohn
Manager
email >
Jeff Ray
Merchandiser
email >
Richard Ramthun
Merchandiser
email >
Futures
08/23/14 07:47 PM GMT
SOYBEANS
Last:
Change:
High:
Low:
1169'4
33'2
1170'4
1137'0

WHEAT
Last:
Change:
High:
Low:
552'0
5'6
562'4
545'4

CORN
Last:
Change:
High:
Low:
365'4
3'2
367'0
361'2

SOYBEAN MEAL
Last:
Change:
High:
Low:
433.30
19.50
441.50
415.50

* Futures composite price shown, delayed at least 10 minutes.
Weather for MANKATO, MNSee C°
Current Conditions
77º

Feels Like 78º
High 84º Low 67º

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