Elaine Kub

Contributing Analyst
Elaine Kub

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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  • What words come to mind first when you think of "risk" -- Loss? Uncertainty? Opportunity? Thrill? (Illustration by Elain Kub)

    Kub's Den

    When faced with a risky decision to sell or store grain and hope the price goes up, market participants may find it helpful to formally examine their risk tolerance and risk capacity.

  • Looking at corn's flat price behavior from October to the following March during each of the past 51 years, it wouldn't have gained enough to pay for storage in 29 of those years.

    Kub's Den

    Even with a neutral or bullish outlook for corn over the next five months, flat price gains may or may not be large enough to reimburse owners for the costs of storing the grain on-farm until spring, or for commercial storage...

  • In 2020, container shipments of over 39 million metric tons amounted to 23% of all U.S. agricultural exports. (Graphic by Elaine Kub)

    Kub's Den

    Most pieces of the commodity grain supply chain are ticking along smoothly at the gut slot of harvest 2021, but don't underestimate the industry's exposure to containerized shipments.

  • Aluminum prices have risen 53% over the past year, with particular volatility this week. As a raw material within fixed farm machinery costs, aluminum represents perhaps 0.3% of the total cost of grain production. (Illustration by Elaine Kub)

    Kub's Den

    Skyrocketing aluminum prices may be important to watch -- not as a bullish sign of broader commodity sentiment, but as an alarming story about business conditions, when the agricultural machinery supply chain is already tightly...