Position and Recommondations Recap  11/08/18 3:02:18 PM

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 MPA Weekly Update    Nov. 7th, 2018

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
Chicago 2018-crop
(December 2018 Futures)
Current Market $3.7400
Chicago 2019-crop
(December 2019 Futures)
Current Market $4.0475
 
 
   
Recommendations and Unsold
 
 
 

 
Soybeans
Chicago 2018-crop
(January 2019 Futures)
Current Market $8.8575
Chicago 2019-crop
(November 2019 Futures)
Current Market $9.3500
 
 
   
Recommendations and Unsold
 
 
 

 
Wheat
Chicago 2018-crop
(December 2018 Futures)
Current Market $5.0725
Chicago 2019-crop
(July 2019 Futures)
Current Market $5.4275
 
 
   
Recommendations and Unsold
 
 
 
Kansas City 2018-crop
(December 2018 Futures)
Current Market $5.0475
Kansas City 2019-crop
(July 2019 Futures)
Current Market $5.4875
 
 
   
Recommendations and Unsold
 
 
Minneapolis 2017-crop
(December 2018 Futures)
Current Market $5.8150
Minneapolis 2018-crop
(December 2018 Futures)
Current Market $5.8150
 
 
   
Recommendations and Unsold
 
Minneapolis 2019-crop
(December 2019 Futures)
Current Market $6.2250
 
 
   
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
  • No new cash recommendations, as we are waiting for USDA November crop report.
  • Weekly U.S. corn exports were good, soybean and wheat were lower than expected.
  • On Thursday, the USDA could lower U.S. corn crop and carryout, and China soybean imports.
  • Some estimate 2019 soybean range $7.50-$9.50. Average Feb. price $8.35 vs March futures near $8.98.
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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
  • Casey Potter, ADM Commercial Manager, Columbus, NE
 
 
 
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ADM is providing this communication for informational purposes, and it is not a solicitation or offer to purchase or sell commodities. The recommendations in this communication do not take into account any particular individual's or company's objectives or needs, which should be considered before engaging in any commodity transactions based on these recommendations. The sources for the information and recommendations in this communication are believed to be reliable, but ADM does not warrant or guarantee the accuracy of the information or recommendations. ADM or its affiliates may hold or take positions for their own accounts that are different from the positions recommended in this communication. The information and recommendations in this communication are subject to change without notice.
 
 
 
 
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