Skip to main content

Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items :

  • Sell 10% 2020 Chicago July wheat at $5.90.
  • Soybean prices traded lower today on concern of the spread of SARS.
  • Wheat futures continue to trade higher on talk of lower EU and Russia exports.
  • Key to nearby prices could be China buying U.S. Ag goods.
  • Some feel the Chinese demand may be meat and vegoil may be less soybeans and corn.
  • Some feel direction of U.S. dollar could determine commodity price direction.
  • Talk of higher U.S./World 2020 corn and soybean crops could weigh on prices.
  • Some feel farmers should short hedge futures and cover near Feb lows and then buy cheap corn and soybean call to hedge against U.S. spring or summer weather rally.
  • Farmer then should sell cash corn and soybean on a spring weather rally.
  • U.S. SRW farmer beginning to sell new crop wheat on this rally.
  • Some look for U.S. 2020 soybean crop near 4.200, demand 4.085 and carryout 0.630 billion bushels.
  • Some look for U.S. 2020 corn crop near 15.700, demand 14.500 and carryout 3.300 billion bushels.
  • Some look for U.S. 2020 wheat crop near 1.825, demand 2.100 and carryout 0.830 billion bushels.

 

 

Contact Your ADM Grain Representative

From early crop-year planning, ‘til your money’s in the bank, we pledge to be the best grain marketing strategists you can find. Ask for ideas anytime.

Enter your ZIP code

Go

Find Your ADM Fertilizer Representative

We’re specialists in driving down nutrient costs through forward pricing and direct purchasing. Let us help you build better margins into your bottom line.