If you are looking for a way to market some of your corn and still leave room for upside price appreciation, you might want to consider a Minimum Average Price contract.
Dana Mantini
Senior Market Analyst
Dana Mantini is a senior market analyst for DTN, and has 30-plus years of experience in the commodity futures industry.
Dana began as a wheat buyer and cash grain merchandiser for major flour millers, General Mills and International Multifoods. He was an independent member of the Kansas City Board of Trade, and spent 15 years as a broker/trader there. He has been hedge desk manager at Koch Industries (Koch Ag), and a commodity broker for Prudential Securities in Kansas City. He joined DeBruce Grain in 2001 as the Hedge Desk Manager, and did all of the futures/options trading, all of the hedging, spreading and initiated and managed a new farm contract program. Facilitated multiple farmer outlook meetings each year. DeBruce Grain managed 140 million bushels of storage capacity, and had 10-consecutive record-profit years before Gavilon acquired DeBruce in late 2010. Dana moved to Omaha in July 2012 to join Gavilon, first as a proprietary futures/options trader and then worked with Gavilon Producer Solutions, writing three times daily market wires, and advising producers on marketing.
It was the love of analyzing, interpreting, educating and writing that drove me to the open analyst position at DTN.
Dana graduated from Amherst College with a major in Economics, where he played baseball and basketball.
He is married to Ruthanne -- a certified pilates instructor -- and has two daughters -- Anna, 19 (sophomore at UNL), and Maggie, 16, (junior at Marian HS).
Recent Blogs by Author
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As corn producers look to capitalize on the recent 90-cent rally in December corn futures from the mid-May contract low, one notable cash contract stands out. I know the contract as a...
More From This Author
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USDA Reports Review
The USDA World Agricultural Supply and Demand Estimates (WASDE) report for August had its fair share of bearish surprises. What were those surprises, exactly? DTN Senior Analyst Dana Mantini breaks it down.
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Best Blog of the Week
Minimum Average Contract: A Smart Marketing Move
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is up 4 cents, August soybeans are up 5 3/4 cents, September KC wheat is up 7 1/4 cents, September Chicago wheat is up 8 cents and September Minneapolis wheat is up 3 1/4 cents.
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is up 3/4 cent, August soybeans are down 3 1/4 cents, September KC wheat is up 3 1/2 cents, September Chicago wheat is up 3 1/4 cents and September Minneapolis wheat is up 3...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 5 1/2 cents, August soybeans are down 1 3/4 cents, September KC wheat is down 2 cents, September Chicago wheat is down 3 1/4 cents and September Minneapolis wheat is...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is up 2 1/4 cents, August soybeans are up 9 3/4 cents, September KC wheat is up 3 1/4 cents, September Chicago wheat is up 2 1/2 cents and September Minneapolis wheat is up 1...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 8 cents, August soybeans are down 4 1/2 cents, September KC wheat is down 4 1/2 cents, September Chicago wheat is down 6 cents and September Minneapolis wheat is down...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is up 5 cents, August soybeans are up 5 cents, September KC wheat is up 3 1/4 cents, September Chicago wheat is up 4 3/4 cents and September Minneapolis wheat is up 1/2 cent.
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 7 1/4 cents, August soybeans are down 10 cents, September KC wheat is down 2 1/2 cents, September Chicago wheat is down 2 cents and...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 3 1/2 cents, August soybeans are down 6 3/4 cents, September KC wheat is down 5 1/4 cents, September Chicago wheat is down 4 3/4 cents and September Minneapolis wheat...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is up 3 1/4 cents, August soybeans are up 1 1/2 cents, September KC wheat is up 1 cent, September Chicago wheat is down 1 1/4 cents and September Minneapolis wheat is down 1 1/2...
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USDA Reports Review
The July USDA World Agricultural Supply and Demand Estimate (WASDE) report was met with much skepticism based on the corn numbers, but most of the surprises were found in wheat.
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 2 1/2 cents, August soybeans are down 1/2 cent, September KC wheat is down 1 3/4 cents, September Chicago wheat is down 1 1/2 cents and September Minneapolis wheat is...
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: September corn is down 1 3/4 cents, August soybeans are up 2 1/2 cents, September KC wheat is down 1/4 cent, September Chicago wheat is up 1 cent and September Minneapolis wheat is up 2 1/2...
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DTN Before The Bell Grains
September corn is down 7 3/4 cents, August soybeans are down 4 1/4 cents, September KC wheat is down 6 cents, September Chicago wheat is down 7 1/4 cents and September Minneapolis wheat is down 2 1/2 cents.
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DTN Before The Bell Grains
September corn is up 3 3/4 cents, August soybeans are up 2 1/4 cents, September KC wheat is up 2 cents, September Chicago wheat is up 1 cent and September Minneapolis wheat is down 1/4 cent.
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DTN Closing Grain Comments
Soybeans were under pressure all day and finished 14 1/4 cents lower following Wednesday's sharp rally on rumors of China interest in U.S. soybeans. Wheat and corn traded mixed for much of the day on Friday and finished with...
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DTN Before The Bell Grains
September corn was up 17 3/4 cents, August soybeans were up 10 3/4 cents, September KC wheat was up 11 1/4 cents, September Chicago wheat was up 10 3/4 cents and September Minneapolis wheat was up 3 3/4 cents. A hard opening...
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DTN Before The Bell Grains
September corn is up 6 cents, August soybeans are up 6 3/4 cents, September KC wheat is up 4 3/4 cents, September Chicago wheat is up 4 cents and September Minneapolis wheat is down 1/2 cent.
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DTN Before The Bell Grains
September corn is down 1 1/2 cents, August soybeans are down 3 1/4 cents, September KC wheat is down 4 1/2 cents, September Chicago wheat is down 6 1/4 cents and September Minneapolis wheat is down 2 1/2 cents.
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DTN Before The Bell Grains
September corn is down 3 cents, August soybeans are up 4 1/2 cents, September KC wheat is down 5 1/2 cents, September Chicago wheat is down 7 cents and September Minneapolis wheat is down 5 1/4 cents.
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USDA Reports Review
The June Grain Stocks and Acreage reports were full of surprises and had a big impact on the corn market, with December corn closing down over 19 cents Friday.
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DTN Before The Bell Grains
September corn is down 1 1/4 cents, August soybeans are up 2 3/4 cents, September KC wheat is down 1 3/4 cents, September Chicago wheat is down 2 cents and September Minneapolis wheat is down 2 1/4 cents.
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DTN Before The Bell Grains
July corn is unchanged, August soybeans are up 2 1/4 cents, September KC wheat is up 5 cents, September Chicago wheat is up 8 cents and September Minneapolis wheat is up 5 3/4 cents.
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DTN Before The Bell Grains
July corn is down 4 1/4 cents per bushel, August soybeans are down 4 cents, September KC wheat is down 3 1/2 cents, September Chicago wheat is down 1 1/2 cents and September Minneapolis wheat is up 2 cents.
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DTN Before The Bell Grains
September corn is up 4 3/4 cents, August soybeans are up 4 1/2 cents, Chicago September wheat is 4 3/4 cents higher, Kansas City September is up 6 cents and Minneapolis September is up 6 3/4 cents per bushel.
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DTN Before The Bell Grains
July corn is up 4 cents, July soybeans are up 6 cents, Chicago July wheat is 7 3/4 cents higher, KC July is up 8 1/2 cents and Minneapolis July is up 6 1/2 cents per bushel.
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DTN Before The Bell Grains
July corn is down 3/4 cent, July soybeans are down 5 cents, Chicago July wheat is 1 cent lower, Kansas City July is unchanged and Minneapolis July is up 3/4 cent per bushel.
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: July corn is unchanged, July soybeans are up 1 cent, Chicago July wheat is 3 3/4 cents lower, Kansas City July is down 3 cents and Minneapolis July is down 1/4 cent per bushel.
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DTN Before The Bell Grains
7:45 a.m. CST prices at CME Globex: July corn is down 3 cents, July soybeans are down 6 1/4 cents, Chicago July wheat is 8 3/4 cents lower, Kansas City July is down 9 1/2 cents and Minneapolis July is down 6 cents per bushel.
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DTN Closing Grain Comments
Wheat and corn fell on Tuesday in a correction of the rally that began in mid-May. Better than expected conditions on wheat, impressive early yield data and a warmer and drier late June outlook sent that market lower. With corn...
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DTN Before The Bell Grains
CST prices at CME Globex: July corn is down 7 3/4 cents, July soybeans are down 5 cents, Chicago July wheat is 10 3/4 cents lower, Kansas City July is down 13 1/4 cents and Minneapolis July is down 4 3/4 cents per bushel.
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DTN Before The Bell Grains
July corn is up 5 1/4 cents, July soybeans are up 4 cents, Chicago July wheat is 1 1/2 cents higher, Kansas City July is up 2 cents and Minneapolis July is up 1 1/4 cents per bushel.
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DTN Before The Bell Grains
July corn is up 8 cents, July soybeans are up 5 cents, Chicago July wheat is 4 cents higher, Kansas City July is up 5 1/4 cents and Minneapolis July is up 2 cents per bushel.
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DTN Before The Bell Grains
July corn is up 1 1/4 cents, July soybeans are up 2 1/4 cents, Chicago July wheat is 1/2 cent higher, Kansas City July is up 1 1/2 cents and Minneapolis July is down 1 1/2 cents.
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USDA Reports Review
Although there were just minor tweaks to soybean and wheat numbers, the June 11 USDA report changed the landscape for corn and sent futures upward.
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DTN Closing Grain Comments
December corn closed up 12 1/2 cents after USDA cut over a billion bushels off the 2019 U.S. corn crop estimate, a nod to this spring's planting problems. Soybeans ended slightly higher and wheat prices were modestly higher, but...
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DTN Before The Bell Grains
CST prices at CME Globex: July corn is down 3 1/2 cents, July soybeans are down 1/4 cent, Chicago July wheat is 2 3/4 cents lower, Kansas City July is down 6 1/2 cents and Minneapolis July is down 5 1/4 cents per bushel.
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DTN Closing Grain Comments
Lower starts on Sunday evening turned mostly green by Monday's close as July contracts of soybeans and winter wheat finished with small gains. July corn ended the session unchanged with traders waiting for USDA's Crop Progress...
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DTN Before The Bell Grains
July corn is down 3 1/2 cents, July soybeans are down 5 3/4 cents, Chicago July wheat is 7 1/2 cents lower, Kansas City July is down 6 1/2 cents and Minneapolis July is down 3 1/4 cents per bushel.
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DTN Closing Grain Comments
Despite what appeared to be a bullish close Thursday, the markets were again weaker Friday, led by soybeans. Widespread planting is expected next week as the forecast is mostly dry and warmer for much of the central and...
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DTN Before The Bell Grains
July corn is down 2 1/4 cents, July soybeans are down 4 1/4 cents, Chicago July wheat is 4 1/2 cents lower, Kansas City July is down 2 3/4 cents and Minneapolis July is up 3/4 cent per bushel.
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DTN Before The Bell Grains
July corn is down 5 1/4 cents, July soybeans are down 9 cents, Chicago July wheat 1 1/2 cents higher, Kansas City July is down 1/2 cent and Minneapolis July is up 5 cents per bushel.
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DTN Before The Bell Grains
July corn is down 7 cents, July soybeans are down 6 3/4 cents, Chicago July wheat is 12 3/4 cents lower, Kansas City July is down 14 3/4 cents and Minneapolis July is down 8 cents per bushel.
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DTN Before The Bell Grains
July corn is up 5 1/4 cents, July soybeans are up 7 1/2 cents, Chicago July wheat is 9 1/2 cents lower, Kansas City July is down 14 1/4 cents and Minneapolis July is down 7 cents per bushel.
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DTN Before The Bell Grains
July corn is up 1/2 cent, July soybeans are up 2 cents, Chicago July wheat is 12 cents higher, Kansas City July is up 16 1/4 cents and Minneapolis July is up 11 1/4 cents per bushel.
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DTN Before The Bell Grains
July corn is down 9 1/2 cents, July soybeans are down 6 1/4 cents, Chicago July wheat is 9 1/4 cents lower, Kansas City July is down 7 3/4 cents and Minneapolis July is down 5 1/2 cents per bushel.
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DTN Before The Bell Grains
July corn is up 5 1/2 cents, July soybeans are up 5 3/4 cents, Chicago July wheat is 6 cents higher, Kansas City July is up 5 cents and Minneapolis July is up 3 cents per bushel.
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DTN Before The Bell Grains
July corn is up 11 1/2 cents, July soybeans are up 25 3/4 cents, Chicago July wheat is 9 1/2 cents higher, Kansas City July is up 12 1/2 cents and Minneapolis July is up 8 cents per bushel.
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DTN Before The Bell Grains
July corn is up 8 3/4 cents, July soybeans are up 11 1/2 cents, Chicago July wheat is 18 cents higher, Kansas City July is up 19 1/4 cents and Minneapolis July is up 12 3/4 cents per bushel.