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

  • The process of getting ag commodities produced and into the hands of end users is a complex supply chain, with each link vulnerable to interruption. (Graphic by Elaine Kub)

    Kub's Den

    Rather than focusing only on how ag market prices have responded to the global COVID-19 pandemic, ag producers may also benefit from considering additional risks and how they might prepare for the coming weeks of potential...

  • Rail loadings of grain are significantly lower than average during the winter of 2020, but not for lack of supply. (Photo by Elaine Kub)

    Kub's Den

    Global commodity supply chains have fallen victim to the COVID-19 virus, ongoing trade uncertainty and -- at a few crucial chokepoints in Canada -- outright sabotage.

  • Iowa State University's crop production budgets suggest 199 bushels per acre corn could be grown after soybeans in 2020 for around $3.23 per bushel. Compared to the new-crop futures price, it looks like profitable pre-harvest hedging opportunities are available right now, as they have been in other recent years. (Chart by Elaine Kub)

    Kub's Den

    The traditional timeframe for pre-harvest hedging tends to be anywhere between February and July, capturing the chances for a spring or summer rally. It may feel too early to be looking at new-crop pricing opportunities, but the...

  • Certain commodity prices and other harbingers of global economic activity, like the Baltic Dry Index of shipping rates, have moved lower in the last half of January 2020. (Chart by Elaine Kub)

    Kub's Den

    The sudden spread of a novel coronavirus in China has deservedly attracted attention from global commodity traders, forcing them to recalculate potential outcomes and potential prices in a "risk-off" global environment.

  • 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?