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.

More From This Author

  • Despite a summer recovery, crude oil prices, ethanol production figures and cash corn prices remain down from end-of-2019 figures. (Illustration by Elaine Kub)

    Kub's Den

    Demand indicators in the fuel sector -- including crude oil, ethanol and corn prices -- appear to have plateaued somewhere below a full recovery of late-2019 levels.

  • Estimated costs of production will vary for individual fields. This example uses a benchmark $8.72 cash price per bushel, using Iowa State University Extension's "Estimated Costs of Crop Production in Iowa -- 2020" for soybeans following corn, assuming $219 per acre cash rent and 56 bushels per acre, then adding a 28-cent processor basis bid to reach $9.00 futures. New-crop soybean basis bids from central Iowa cooperatives may be more like -80X, implying the futures price would need to reach $9.52 before the market would be profitable for average producers. (DTN ProphetX Chart by Elaine Kub)

    Kub's Den

    FOMO -- or "Fear of Missing Out" -- on imagined better pricing opportunities in the future tends to be the worst impediment to farmer marketing practices, especially when there are a few bullish arguments floating around.

  • Corn basis bids at locations directly along the Illinois River became noticeably weaker after several lock and dam facilities were closed for planned repairs and rehabilitation. (Graphic by Elaine Kub)

    Kub's Den

    Long-anticipated lock and dam closures on the Illinois River have affected basis values directly at barge-loading facilities, but elsewhere the market has remained resilient with alternatives.