Updated 8/18/14 3:47PM
08/01/14 - 08/15/14
3.595 S
08/16/14 - 08/31/14
3.595 S
10/01/14 - 11/30/14
3.675 S
12/01/14 - 12/31/14
3.89 S

* 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
8/20/2014 8:55:16 AM
Mixed/lower grains. Soybean & corn option volatility is slipping lower. Wheat is moving up. US Dollar, Stocks, Crude & most commodities are higher. Talk of US raising rates & 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)

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

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

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

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
8/20/2014 8:16:12 AM

8/19/2014 4:03:35 PM
Outside of the spreads narrowing, the corn market
posted a non-descript lower early session followed by higher
prices late. The passion behind either of the move was
lackluster. I expect the corn market benefited from a sharp
rally in wheat early in the session, but seemed to do its own
thing as wheat came off its highs late in the...

8/20/2014 8:16:12 AM
It was a lower session for the beans on this “turn-
around Tuesday”. Big pod counts from the first day of the
Pro Farmer tour for both OH and SD along with a 1%
increase in crop condition rating to 71% gd/ex were bearish
while firmer spot September contract on tight pipeline and
firm cash market offered underlying support across the

Hard Red Spring Wheat
8/19/2014 4:03:11 PM
A defensive overnight tone gave way to a swift recovery in the
hard wheat markets early in the session. Chicago wheat and the corn
market would respond with firmer trade, but Chicago wheat really
didn’t find much buying interest until news of Ukraine potentially
taking a step back from the export market to audit quantities of
milling ...

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.
08/20/14 08:24 PM GMT

* Futures composite price shown, delayed at least 10 minutes.
Weather for PEORIA, ILSee C°
Current Conditions

Feels Like 76º
High 87º Low 65º

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