Marketing Partners Advisory: Weekly Conference Call Recap

The following are comments and discussion items from the weekly conference call of the recommendations group of Marketing Partners Advisory.

Discussion Items :

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  • New Recommendations:
    • Sell 10% 2018 soybean near $9.50 March 2019.
    • Sell 10% 2019 soybean at $10.00 November 2019.
  • The U.S. government shutdown is reducing release of key data, which is also reducing trade volatility.
  • There is no China and U.S. trade deal yet. The next meeting is on Jan 30-31 in Washington.
  • Analysts are increasing U.S. soybean and wheat carryouts due to lower exports.  Corn carryouts are increased due to lower domestic use.
  • 25 percent of Brazil is dry. 25 percent of Argentina is wet. Brazil’s soybean crop estimates are dropping.
  • U.S. farmer selling has slowed. The cash corn and soybean pipelines are adequate.
  • U.S. winter wheat crop conditions are favorable. Acres could be record low.