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

  • The nationwide average new-crop corn basis bid in September 2017 isn't stronger than the averages seen in the past three years. Ninety-five percent of all basis bids can fit within a range of two standard deviations away from each data set's average.

    There is usually an expectation that local areas with poor crops might see a response in their new-crop basis bids. The data from September 2017, however, doesn't show significantly more...

More From This Author

  • As of November 2017, the benchmark futures prices for the raw materials that go into a typical sugar cookie recipe would include $1.14 worth of butter, $0.17 of egg, $0.08 of wheat, and $0.07 of sugar ($1.47 total). (DTN chart and photo by Elaine Kub)

    Kub's Den

    Grain demand is expected to respond directly to the commodities' actual prices. Things are different for Thanksgiving grocery shoppers, who see price tags that may be unrelated to the raw material prices for the food's underlying...

  • A bitcoin in November 2017 is now worth seven times its value at the start of the year.

    Kub's Den

    Even if the skyrocketing price of bitcoin seems far removed from the Ag markets, the blockchain technology that underpins such cryptocurrencies could one day revolutionize grain trading.

  • : The 100-year old barn on the Kub farm kept hay nice and dry for a very long time, but it will take planning and management if corn farmers intend to store grain for years at a time. (Photo by Elaine Kub)

    Kub's Den

    If corn has to stay in storage for a year or even longer, amid surging grain inventories and low prices, proper management should keep all its nutritional value intact.

  • The nationwide average new-crop corn basis bid in September 2017 isn't stronger than the averages seen in the past three years. Ninety-five percent of all basis bids can fit within a range of two standard deviations away from each data set's average.

    Kub's Den

    There is usually an expectation that local areas with poor crops might see a response in their new-crop basis bids. The data from September 2017, however, doesn't show significantly more variability than in many years with more...

  • 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.