CALENDAR



MBgrain updates mills, unloading processes. Grain delivery tips too.

Brown would like to thank all the farmers and distributors for trusting us with their continuous business.  We appreciate it and continuously strive to exceed your expectations.  Click on the link to learn more about what changes we've made at our mills and tips on how you can have a better experience at our delivery locations --  MBGRAIN

Managing Crop Strategies & Farm Profitability in 2015

Thank you to all those who participated in the 2015 MBgrain meeting help last week at the Marriott Crabtree Valley hotel in Raleigh. Many of you have requested the presentations be posted on our website for future reference. The presentations are now available on our website:

Ron Heiniger, NCSU - Grain production best practices

Mike Karst, Cresco - Technology in Grain Production

Mark Talaski, Advance-Trading - 2015 Grain Market Outlook

Free Risk Management Workshops

The Marketing Division of the North Carolina Department of Agriculture & Consumer Services is planning a series of risk management workshops on “Managing Price Volatility/Identifying Macro Indicators”.  There is no charge for these workshops and the following topics will be covered: Introduction to Grain Hedging, Basis Trading, Cost of Carry, Cotton Futures, Option Trading on Futures and Equities, and macro forces impacting the hedger.  There will be an emphasis on the principles of options, spreading strategies, and using options to manage financial risk.  Energy derivatives, traded at the CME/NYMEX, will be explained as well as trading strategies to manage your exposure to energy.  Please promote these workshops with your customers and within the agri-business community.

Click here to see full schedule

Class dates (Various Locations):  Jan 7, Jan 9, Jan 26, Jan 28, Feb 17, Mar 12, Mar 13

Time to price your 15' crop?

When it comes to the upcoming Jan. 12 USDA report, Jerry Gulke wants farmers to get themselves ready now and purchase some puts.

“I think this is the place where you finally buy some kind of protection and put a floor under it,” says Gulke, president of the Gulke Group in Chicago and a farmer in Illinois. “We probably have an upside potential of $1 in corn and $2 in beans—up and down. You just don’t want to take a chance and think you have the lock on intelligence” or weather or acreage ---  read full article

 

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (March) 3.8450 3.8300 3.8500 3.8275 3.8500 0.0050
CORN (May) 3.9325 3.9225 3.9450 3.9150 3.9375 0.0050
CORN (July) 4.0125 4.0000 4.0250 3.9975 4.0200 0.0075
CORN (September) 4.0825 4.0725 4.0925 4.0675 4.0900 0.0075
CORN (December) 4.1750 4.1650 4.1875 4.1600 4.1825 0.0075
CORN (March) 4.2600 4.2500 4.2725 4.2500 4.2725 0.0125
SOYBEANS (March) 10.3075 10.2975 10.3725 10.2850 10.3050 -0.0025
SOYBEANS (May) 10.3175 10.3000 10.3900 10.2925 10.3425 0.0250
SOYBEANS (July) 10.3475 10.3300 10.4275 10.3300 10.3775 0.0300
SOYBEANS (August) 10.3100 10.3000 10.3850 10.3000 10.3300 0.0200
SOYBEANS (September) 10.1200 10.1200 10.1800 10.1025 10.1625 0.0425
SOYBEANS (November) 9.9750 9.9525 10.0475 9.9525 10.0125 0.0375
SOYBEAN MEAL (March) 353.7 353.5 354.6 352.8 353.4 -0.3
SOYBEAN MEAL (May) 342.4 341.4 343.6 341.0 341.8 -0.6
SOYBEAN MEAL (July) 339.0 337.9 340.0 337.4 338.4 -0.6
SOYBEAN MEAL (August) 337.1 336.0 337.8 335.9 336.1 -1.0
SOYBEAN MEAL (September) 334.5 334.0 335.2 333.3 334.1 -0.4
SOYBEAN MEAL (October) 328.9 327.9 329.3 327.5 328.7 -0.2
LIVE CATTLE (April) 149.800 149.850 152.150 149.325 151.700 1.900 151.700
LIVE CATTLE (June) 142.950 142.850 144.450 141.800 143.850 0.900 143.850
LIVE CATTLE (August) 141.800 141.500 143.075 140.450 142.050 0.250 142.050
LEAN HOGS (April) 67.150 66.600 68.150 66.200 67.475 0.325 67.475
LEAN HOGS (May) 79.300 78.900 80.575 78.900 79.900 0.600 79.900
LEAN HOGS (June) 82.625 81.875 83.925 81.875 82.875 0.250 82.875
FEEDER CATTLE (March) 200.300 200.625 203.100 199.425 201.900 1.600 201.900
FEEDER CATTLE (April) 199.050 199.450 201.850 197.625 200.325 1.275 200.325
FEEDER CATTLE (May) 198.925 198.850 201.425 196.800 198.875 -0.050 198.875
DTN Click here for info on Exchange delays.

Basis