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

  • Diesel prices and barge freight costs are currently running at the 30th percentile of their previous 10-year ranges. Unit train car costs are at the 24th percentile, and ocean freight costs are at the 28th percentile. (Graphic by Elaine Kub)

    Kub's Den

    Ahead expectations for a heavy 2017/18 grain-handling season, U.S. freight costs are comfortably within the ranges of the past 10 years.

  • Life doesn't always imitate movies and TV production, but the story of the 2017 corn market fits certain narrative cliches. (Photo by John Douglas, CC BY-SA 2.0)

    Kub's Den

    If this growing season was a TV show, there would be only one episode left in the series. That may be just enough time for some huge shocks and changes in the narrative.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn was down 2 3/4 cents in the September contract and down 2 cents in the December. Soybeans were unchanged in the September contract and up 1 cent in the November. Wheat closed down 10 1/4 cents in the September Chicago...

  • Through most of the crop's growth stages, nationwide corn Crop Progress numbers have been a few points behind the previous five-year averages. (Graphic by Elaine Kub)

    Kub's Den

    Both corn and soybeans started their 2017 growing season behind their average pace of agronomic progress, but only soybeans have managed to ever catch up to normal. This helps explain the soybean market's bearishness and also...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    Corn unchanged. Soybeans 2 higher. Chicago wheat 3/4 higher. Minneapolis spring wheat futures are 15 3/4 cents higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    Corn 4 1/4 lower. Soybeans 3 3/4 lower. Chicago wheat 6 1/4 lower. The bearish trend of these markets is exacerbated by a higher U.S. Dollar Index Tuesday morning.

  • Much like NASA determines whether conditions are "go" or "no-go" for a rocket launch, there is probably some date, some precise moment, when we could assess the go/no-go decision for grain market rallies. (Public domain photo by Official SpaceX Photos)

    Kub's Den

    A look at historical seasonal patterns on new-crop corn futures charts suggests that if a major rally hasn't already been sparked by July, then crop conditions probably aren't bad enough to warrant a continued rally through the...

  • All the great civilizations, including the Egyptians, were only possible once they started growing grain. (Photo courtesy of Keith Yahl; CC BY 2.0)

    Kub's Den

    During the time when any nation state thrived, it was only possible because of grain, such as wheat, which was an easily taxable product.

  • The Panama Canal is identified as one of 14 major global chokepoints for food and fertilizer shipments. (Photo by Elaine Kub)

    Kub's Den

    If a commodity isn't physically available where it's needed, it hardly matters how much of it exists anywhere else. The skyrocketing spring wheat market exhibits this phenomenon, and global political analysts now recognize the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    Corn 3 1/2 lower. Soybeans 3 1/4 lower. Chicago wheat 6 1/4 lower. Despite a small pullback Thursday morning, Minneapolis spring wheat continues to trend higher.

  • In the week from June 6 to June 13, 2017, speculators dumped more than 100,000 short futures and options positions in the corn market, yet they still have a net bearish outlook for prices. (DTN illustration by Elaine Kub)

    Kub's Den

    In dry, hot weather, speculators have completely abandoned any bearish positions in hard red spring wheat futures or options, but corn traders still have a lot of short-covering to do before they completely disavow their bearish...