Position and Recommondations Recap  07/19/18 2:42:44 PM

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 MPA Weekly Update

Marketing Partners Advisory is a group of tenured and diverse grain marketing professionals who provide grain marketing information, recommendations and alerts through regular, mobile-friendly communications.
 
All price recommendations below are futures price references (not cash equivalents). This MPA commentary does not necessarily reflect the views of ADM. The opinions expressed are those of individual MPA team members. For more information, click here. You can also review the price and performance history of the Marketing Partners Advisory? group back to 2011. Past performance is not indicative of future results.
 
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Corn   7/18/18
Chicago 2017-crop
(September 2018 Futures)
Current Market $3.4175
Chicago 2018-crop
(December 2018 Futures)
Current Market $3.5525
 
 
   
Recommendations and Unsold
 
 
 

 
Soybeans
Chicago 2017-crop
(August 2018 Futures)
Current Market $8.2950
Chicago 2018-crop
(November 2018 Futures)
Current Market $8.4575
 
 
   
Recommendations and Unsold
 
 
 

 
Wheat
Chicago 2017-crop
(September 2018 Futures)
Current Market $4.8850
Chicago 2018-crop
(September 2018 Futures)
Current Market $4.8850
 
 
   
Recommendations and Unsold
 
Chicago 2019-crop
(July 2019 Futures)
Current Market $5.3525
 
 
   
Recommendations and Unsold
 
 
 
Kansas City 2018-crop
(September 2018 Futures)
Current Market $4.8450
Kansas City 2019-crop
(July 2019 Futures)
Current Market $5.4225
 
 
   
Recommendations and Unsold
 
 
Minneapolis 2017-crop
(September 2018 Futures)
Current Market $5.2825
Minneapolis 2018-crop
(December 2018 Futures)
Current Market $5.4600
 
 
   
Recommendations and Unsold
 
 
 
Recommendations are not often cancelled or removed. There may be recommendations that are well above current market levels that will not be adjusted or removed unless there is majority conviction we cannot achieve those initial target levels. Please consider how you may need to adjust MPA recommendations to work with your own operation and timing of sales.
 
Weekly Summary
  • In Thursday's USDA report, the USDA adjusted world soybean and corn demand to reflect the impact of trade tariffs with China:
    • The USDA lowered world crush demand by net 4.16 million metric tons due to lower China crush of 5.5 million metric tons.
    • The USDA raised world corn demand for feed by 3.5 million metric tons as China seeks alternative feed sources to beans and soymeal.
  • While national corn crop conditions remain well above last year's ratings, dryness in the southern Plains and Missouri could be offsetting above-average crops in the eastern belt, while excessive moisture in IA, SD and MN is a big unknown.
  • Weather is creating some interesting logistic concerns on the U.S. river system, with northern points unable to load barges due to flooding, while the mid-Mississippi and lower is unable to load barges to full capacity due to lower water marks.
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The MPA Team
The MPA team members change from time to time. Current members are a combination of ADM employees and independent members who share a passion for grain marketing.
  • Bernie Spindler, ADM Territory Origination & Sales Manager, Evansville, IN
  • Jeff Mauck, ADM Regional Manager, Mendota IL
  • Kim Rugel, Grain Marketing Representative for BQCI, a subsidiary of ADM-Benson Quinn, Minneapolis, MN
  • Steve Freed, Vice President ADMIS Grain Research, Chicago, IL
  • Mike Kvistad, Independent
  • Todd Harman, ADM Regional Manager, Hutchinson, KS
  • Parry Dixon Ph.D., ADM Director of Economic Research
 
 
 
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