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

  • Net cash farm income is forecast to decline 10.5% in 2018, according to USDA's Economic Research Service. DTN illustration by Elaine Kub.

    Kub's Den

    Back-of-envelope calculations suggest the "average" farmer who sold cash grain at harvest may have lost 53 cents per bushel on corn in 2018, and 94 cents per bushel on soybeans, but individual results will vary and can be...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/2 cent lower. January soybeans 7 1/4 cents lower. Chicago wheat 6 1/2 cent higher. Crude oil traded as low as $50.10 per barrel overnight.

  • Gamblers -- and grain market participants -- get to choose not only how much to wager on which odds, but also whether or not they want to take on risk at all. (Illustration by Elaine Kub)

    Kub's Den

    Although soybean futures prices themselves have been relatively flat lately, higher implied volatility numbers in soybean options contracts suggest traders are expecting better chances of bigger movements, either up or down, in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn is down 3/4 cent, January soybeans are down 2 cents, and March Chicago wheat is down 2 cents.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 3/4 cents higher. January soybeans 9 1/4 cents higher, but not yet reaching $9.00 per bushel or stretching for a fresh monthly high. Chicago wheat 5 1/4 cents higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/4 cent higher. January soybeans 5 1/2 cents higher. Chicago wheat 1 1/4 cents higher. January crude oil traded below $56 per barrel overnight.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 1/2 cents lower. January soybeans 5 cents higher. Chicago wheat 5 1/2 cents lower. January crude oil traded below $59 per barrel overnight.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/4 cent higher. January soybeans 4 1/4 cents lower. Chicago wheat 3 1/2 cents higher. The dollar surged to a fresh annual high overnight and crude oil is up almost $1 per barrel.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 3 cents lower. January soybeans 2 3/4 cents lower. Chicago wheat 5 1/4 cents higher. Global edible oil prices are weaker.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 cents higher. January soybeans 2 1/2 cents higher. Chicago wheat 1 1/2 cents higher. Monthly supply and demand estimates will be released at 11 o'clock (Central).

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 3/4 cents lower. January soybeans unchanged. Chicago wheat 3/4 cents higher. The U.S. dollar is sharply lower after the mid-term election results.

  • The ratio between the DTN National Soybean Index and the DTN National Corn Index currently sits at 2.33-to-1, at the 26th percentile of all values in the past 10 years. (DTN graphic by Elaine Kub)

    Kub's Den

    Decisions are already being made about the 2019 acreage mix. The soybean-to-corn price ratio, currently at 2.33-to-1, is smaller than average, unsurprisingly favoring corn in the present trade...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn is 3/4 cent lower, January soybeans are 1 3/4 cents lower and Chicago wheat is 1/2 cent higher. Outside markets have been neutral so far, but volatility is expected this week.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 cents higher. January soybeans 4 cents lower. Chicago wheat 3/4 cents lower. Crude oil went from posting small losses to making small gains Monday morning.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 cents higher. January soybeans 4 1/2 cents higher. Chicago wheat 1 cent lower. The U.S. Dollar Index is bouncing back and forth from losses to gains.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/2 higher. January soybeans 2 1/4 lower. Chicago wheat 4 higher. The U.S. Dollar Index is posting dramatic losses, helpful to grains.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 lower. January soybeans 1/4 lower. Chicago wheat 4 3/4 lower. The U.S. Dollar Index hit a fresh 16-month high overnight.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 3/4 higher. November soybeans 3 1/2 higher. Chicago wheat 2 3/4 higher. The dollar is higher Monday morning (bearish), but so is the Brazilian real (bullish to soybeans).

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 higher. November soybeans 3 1/4 higher. Chicago wheat 11 higher. Outside markets are still sending investors into "safe" assets, boosting the U.S. dollar.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 lower. November soybeans 2 1/2 lower. Chicago wheat 3 1/4 lower. The U.S. dollar trends higher; most consumer markets trend lower.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 lower. November soybeans 2 3/4 lower. Chicago wheat 2 3/4 lower. The U.S. dollar is surging and stock markets are bracing for another volatile day, in one direction or another.

  • The fastest pace of corn harvest tends to arrive in weeks 42, 43 and 44, or generally the end of October and into November. (DTN graphic by Elaine Kub)

    Kub's Den

    Given that the United States is expected to produce 14.8 billion bushels of corn in 2018, when the weekly harvest progress advances by 10 percentage points (as it did last week), that progress represents 211 million bushels...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn is unchanged, November soybeans are 4 1/2 cents lower and Chicago wheat is 1/2 cent lower. Selling volume in soybeans has been fairly active.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 cent higher. November soybeans 1 1/2 cents higher. Chicago wheat 3 1/4 cents lower. Global stock markets have started the week with optimism.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/2 lower. November soybeans 1 higher. Chicago wheat 1/4 lower. The dollar is pulling back on its recent rally.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 lower. November soybeans 1 3/4 lower. Chicago wheat 5 1/4 lower. A stronger dollar and volatile outside markets may threaten grains Wednesday.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 3/4 lower. November soybeans 1/4 lower. Chicago wheat 1 higher. Interest rate and stock market futures are also tranquil at the start of the day.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn unchanged. November soybeans 4 3/4 higher. Chicago wheat 2 1/4 higher. When nearby corn peeks above $3.70, it's higher than it's been since August.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/2 lower. November soybeans 4 1/2 lower. Chicago wheat 2 1/2 lower. Drier harvesting weather is finally in store for most of the Corn Belt in the foreseeable future.

  • For selected states, the total capacity in federally-licensed grain facilities for either "temporary" (generally: covered bunkers) or "emergency" (generally: piles) grain storage, as of Sept. 28, 2018. (DTN graphic by Elaine Kub)

    Kub's Den

    Over 14.8 billion bushels (bb) of corn and 4.7 bb of soybeans will eventually be stored -- somewhere -- alongside the last marketing year's ending stocks. Commercial grain facilities and farmers are increasingly willing to store the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/4 higher. November soybeans 3 1/4 lower. Chicago wheat 2 1/4 higher. The outside markets are pulling back from recent volatile changes.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 lower. November soybeans 1 lower. Chicago wheat 3 1/4 lower.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 cents higher, November soybeans 3 1/4 cents higher and Chicago wheat 4 3/4 cents higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn is 3/4 cent lower, November soybeans are 3 1/4 cents higher and Chicago wheat is 3/4 cent lower. Minneapolis spring wheat continues to lead at 2 1/4 cents higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn is 1 3/4 cents lower, November soybeans are 1/4 cent lower and Chicago wheat is 1 1/2 cents lower. Minneapolis spring wheat is stronger at 1 1/2 cents higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 1/2 cents higher, November soybeans 3/4 cent higher and Chicago wheat unchanged. Minneapolis spring wheat expresses more risk premium: 2 higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/2 higher. November soybeans 2 3/4 lower. Chicago wheat 1/2 lower. The Quarterly Grain Stocks report will be released at 11 a.m. Central.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/2 cents higher, November soybeans 3 3/4 cents higher and Chicago wheat 3 cents higher; Minneapolis spring wheat futures 6 higher.

  • DTN graphic by Kathryn Myers and Elaine Kub.

    Kub's Den

    U.S. soybean basis bids are generally 30 cents per bushel weaker than they were at this same time last year, and it's not just the higher yields and larger crop prospects that are causing the bearishness. Basis weakness is...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 lower, November soybeans 4 3/4 higher and Chicago wheat 1 higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 2 lower, November soybeans 3 1/2 higher, and Chicago wheat 3 1/2 lower. Crude oil prices are gaining another $0.40 per barrel on their recent higher trend.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 1/4 higher, November soybeans 7 lower and Chicago wheat 3 lower.

  • (DTN file photo)

    DTN Closing Livestock Comments

    Nearby lean hog futures have rallied over $5.00 so far this week, leaving another gap on the October chart Thursday. The rest of the livestock sector shrank lower inside previous trading ranges on a day with notably quiet...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    7:45 a.m. CDT CME Globex: December corn 1 1/4 higher. November soybeans 1 1/2 lower. Chicago wheat 4 lower.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 3/4 higher, November soybeans 1 1/2 higher, Chicago wheat 6 1/4 higher, soybean oil is down 0.23 and weakness in edible oils could weigh on soybeans.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1 lower. November soybeans 3 1/4 lower. Chicago wheat 7 1/4 higher. Ethanol futures are barely budging despite gains of almost $1 per barrel in crude oil.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grains

    December corn 1/2 higher. November soybeans 3/4 lower. Chicago wheat 3 lower.