Updated: January 18th, 2019
 
 
 
 
Closing Prices:
DEC. 2019 CORN $4.03
NOV. 2019 SOYBEANS $ 9.55
JULY 2019 KC WHEAT $ 5.24
Weekly Change: Corn finished up 1 for the week, Soybeans finished 4 higher, and Wheat finished 1 lower for the week.. 
 
 

 
 
 

 

 

 

 

We need help!

Do you know of someone looking for a career working with ag producers and a passion for the markets? If so, we’d like to hear from them.  AgWest is currently looking for a few good folks that can help service the growing demands from our farming partners.  Currently we have the below openings:

For more details and to submit an application, please click HERE.


Next Week’s Outlooks

 

We kicked off the new year with four “Outlook” locations this past week and we will be at the following six locations this coming week:  Holdrege, NE, Beatrice, NE, Paton, IA, Colby, KS, Scott City, KS, and Fremont, NE.

 

If one of these are close to you, be sure to RSVP through the link above.

 

Deal or No Deal?

 

Markets are trading each bit of new information concerning the China trade negotiations. That is understandable given the information vacuum due to the government shutdown. Markets thrive on a constant information feed and that pipeline has been choked off to a minimum as of late. 

 

Concerning the Chinese deal, it is apparent the markets want, and are ready for, something good to happen. A positive resolution may be the catalyst that allows us to get some great things done with marketing… for both your 2018 and 2019 plans. Keep in mind how quickly markets can react and that they can retrace rallies just as fast. Especially concerning the bean market, once initial enthusiasm of a Chinese deal runs its course, traders will quickly refocus on a mountain of excess soybean inventory. Trade resolution is greatly needed, but it is highly unlikely that the terms of the agreement will change the current burdensome supply of beans.

 

Therefore, and as always, it is critical that you have your sales targets established and, most importantly, working. Working means that the orders are placed either in your hedge account as a “good-until-cancelled” order OR with your buyer of choice as a “standing order”. That’s what proactive marketing looks like…that’s what it is all about. 

 

More on Being Prepared

 

You may have heard us pose this question before, either in our written communication or during presentations. The question is…“What is the one most important thing concerning production marketing?” At the foundational level the correct answer to this is…

 

THE ABILITY TO MAKE A DECISION.

 

Marketing opportunities come and then they go…far too often without appropriate action being taken. Having decisions made and those decisions translated into working orders is core to a proactive, structured marketing plan.

 

Having decisions made and orders working is simply preparation waiting for opportunity.

 

Depending on what happens with the China negotiations, opportunity could be just around the corner. When that opportunity comes, it may turn out to be the best opportunity of the entire year. Be prepared…GET YOUR DECISIONS MADE! 

 

Protecting Unpriced Production

 

Your decisions include how you plan to protect your unpriced production. Do you own puts OR have orders working to buy puts on your unpriced production? Just as with sales targets, IT IS TIME TO HAVE YOUR OPTION PROGRAM IN PLACE…in other words, DECISIONS MADE!

 

Markets at a Glance

 

Martin Luther King Day

 

Agricultural markets will be closed on Monday in observance of Martin Luther King Day. The grain markets will resume trade for next week on Monday evening at 7:00 p.m. and livestock markets will open at 8:30 Tuesday morning.  

 

  Have a great week!

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THERE IS SUBSTANTIAL RISK OF LOSS INVOLVED IN TRADING FUTURES AND OPTIONS WHICH MAY NOT BE SUITABLE FOR EVERYONE. HOWEVER, THE RISK INVOLVED WITH PURCHASING OPTIONS IS LIMITED TO THE PREMIUM PAID PLUS TRANSACTION COSTS. THIS MATERIAL HAS BEEN PREPARED BY A SALES OR TRADING EMPLOYEE OR AGENT OF AGWEST AND IS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION. THIS MATERIAL IS NOT A RESEARCH REPORT PREPARED BY AGWEST. IF YOU ARE NOT AN EXPERIENCED USER OF THE DERIVATIVES MARKETS, CAPABLE OF MAKING INDEPENDENT TRADING DECISIONS, THEN YOU SHOULD NOT RELY SOLELY ON THIS COMMUNICATION IN MAKING TRADING DECISIONS.