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.

Recent Blogs by Author

More From This Author

  • 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...

  • The vast majority of lean hogs are produced and processed in states other than California, which nevertheless has an outsized influence on the pork market as the second-largest purchaser of retail fresh pork. (Graphic by Elaine Kub)

    Kub's Den

    Hogs that will hit the market right when California's Prop 12 goes into effect on Jan. 1, 2022, were already born back in February and are just now being placed in finishing barns. Without clarity about how the state's law will...

  • Strong new-crop corn bids in 2019 reflected shortage fears in some regions affected by prevented planting, and now in 2021, relatively strong corn bids in the Western Corn Belt reflect fears about drought-challenged yields. (Graphic by Elaine Kub)

    Kub's Den

    A sample of new-crop basis bids across the country reflect crop evaluators' conclusions -- Eastern corn buyers may feel confident about 2021 supply, but the market in the Western Corn Belt is already pricing in some competition...

  • Most of the time, we can expect the average daily price movement in the soybean market to be less than 10 cents up or down. But this metric has surged to 27 cents during the latest period of volatile trading. (Chart by Elaine Kub)

    Kub's Den

    Grain marketers are more prone to decision paralysis when market volatility is high and the price can be expected to swing back against them by 27 cents (the recent average daily price movement in soybeans) on any given day.