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 Drought Severity and Coverage Index is currently at the lowest level observed in the United States Drought Monitor archives going back to 2000. (Photo courtesy of the National Drought Mitigation Center)

    For the first time in 19 years, this week's U.S. Drought Monitor map will likely show no area of the continental United States in anything worse than "moderate" drought. This isn't automatically...

More From This Author

  • Snow drifted at the edge of a cornfield in eastern South Dakota, too deep for a combine to reach the grain. (DTN photo by Elaine Kub)

    Kub's Den

    There was apparently no special accounting required for the corn still standing in northern snow-bound fields, with the expectation that the grain will arrive on the market eventually, or that supply adjustments can be made...

  • Price levels from 100 years ago, when this Schedule F was prepared, were high enough to make a gross farm profit of $7,920.55 feel very prosperous. (Photo by Elaine Kub)

    Kub's Den

    Farmers in the '20s once enjoyed an era of high price levels but then had to adjust to an extended period of low prices -- does that sound like the 1920s or the 2020s?

  • The share prices of two publicly traded agricultural trading firms illustrate the limited profit optimism in the industry at the end of 2019. (Graphic by Elaine Kub)

    Kub's Den

    This year has been rough for farmers, but challenging market conditions and lower volumes of seed, grain and fertilizer business have also made profitability a struggle for traditional grain trading and ag input businesses.

  • An elevator may post a bid of $3.50 per bushel for new-crop corn, but once discounts are taken for shrink and drying charges, plus any trucking expenses, all the profit opportunity above a $3.22 cost of production has disappeared. (Graphic by Elaine Kub)

    Kub's Den

    Strong basis bids might make harvest season cash corn prices look profitable in 2019, but nobody wins when the wet corn needs to be dried using expensive (and scarce) fuel.