New-crop corn basis bids throughout the state of Iowa have strengthened by an average of 15 cents since the derecho storm damaged fields in mid-August. Strong basis bids at harvest are...
Elaine Kub
Contributing Analyst
Elaine Kub is the author of Mastering the Grain Markets: How Profits Are Really Made -- a 360-degree look at all aspects of grain trading, which draws on her experiences as a futures broker, market analyst, grain merchandiser, and farmer. She grew up on a family farm in South Dakota and holds an engineering degree and an MBA.
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Kub's Den
The price gains seen for corn, soybeans, wheat, cotton, canola, oats and any other plantable commodity this spring are part of a broader phenomenon inflating most other commodity sectors at the same time.
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Kub's Den
No matter how much the cash market may or may not be bidding for early delivered new-crop corn, the physical reality of a cold spring and cold soil have stymied plans to get the season started early.
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Kub's Den
Wheat conditions highlight the "haves" and "have-nots" across America's crop fields this spring, with luscious green fields in the Midwest but very poor development in the drought-stricken West and High Plains.
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Kub's Den
Since 1984, USDA has kept meticulous metadata about price reactions in agricultural markets after certain government report releases. This should reassure market participants there is no predictable pattern in market reactions.
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Kub's Den
Past examples of wild old-crop-to-new-crop corn futures spreads make speculation tempting, but there are few other ways for a farmer, who's sold out of old-crop grain, to take advantage of the hot near-term prices.
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Kub's Den
Before much is known about an upcoming row crop growing season, new-crop futures prices for corn tend to be less than $4, and for soybeans, less than $10 per bushel. But already for 2021, cognitive biases may be at work...
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DTN Before The Bell Livestock
Eager buying interest is still present for lean hog futures at fresh contract highs Friday morning, and the cattle contracts are higher too.
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DTN Before The Bell Livestock
The weekly export-sales report was generally disappointing for the beef and pork markets, but live cattle and lean hog futures traders have largely shrugged it off in favor of a mixed open.
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DTN Before The Bell Livestock
Lean hog futures are still attracting enough buying interest to set fresh contract highs Wednesday morning, but cattle futures are moderately lower.
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Kub's Den
Chinese celebrations of the Lunar New Year will be different in 2021, with widespread travel discouraged and implications for the grain markets uncertain.
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DTN Before The Bell Livestock
Livestock futures have started Tuesday morning mostly lower in anticipation of volatility in the feed grains sector, but there may be enough bullish momentum on the charts, and supportive fundamentals from meat prices, to prevent...
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DTN Before The Bell Livestock
Monday morning live cattle futures are mixed, feeder cattle futures lower and lean hog futures are already setting new contract highs.