New-crop corn basis bids throughout the state of Iowa have strengthened by an average of 15 cents since the derecho storm damaged fields in mid-August. Strong basis bids at harvest are...
Elaine Kub
Contributing Analyst
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.
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Kub's Den
There isn't a strong relationship between the first set of June corn condition ratings and ultimate nationwide corn yields, as long as the crop gets off to a good start. The first 2021 corn condition ratings show 76% rated "good...
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Kub's Den
Current projections suggest there will be plenty of commodity grain that will eventually need to find storage space this fall, but not more than the grain industry has already demonstrated its ability to handle.
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Kub's Den
The price gains seen for corn, soybeans, wheat, cotton, canola, oats and any other plantable commodity this spring are part of a broader phenomenon inflating most other commodity sectors at the same time.
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Kub's Den
No matter how much the cash market may or may not be bidding for early delivered new-crop corn, the physical reality of a cold spring and cold soil have stymied plans to get the season...
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Kub's Den
Wheat conditions highlight the "haves" and "have-nots" across America's crop fields this spring, with luscious green fields in the Midwest but very poor development in the drought-stricken West and High Plains.
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Kub's Den
Since 1984, USDA has kept meticulous metadata about price reactions in agricultural markets after certain government report releases. This should reassure market participants there is no predictable pattern in market reactions.