CALENDAR



Why you should plant wheat this fall

Dr. Ron Heiniger (NCSU) and Dan Weathington (NCSGGA) explain why planting wheat could prove to be a great decision.  Here's what they have to say

Harvest early -- maximize yields

Harvest is underway and farmers are experiencing maximum yields and test weights when harvesting early.  Farmers are able to take advantage of this because MBgrain/SGC buying facilities are equipped with grain dryers.  We will buy your wet grain and dry it for our cost.  View our discount sheets at www.MBgrain.com where you will find we discount 1% of price per 1/2 point of moisture.  Our competition doesn't match that!

Don't wait any longer - the following locations are buying wet grain today:

Laurinburg Feed Mill (19600 Andrew Jackson Hwy Laurinburg, NC)
919-601-9478

Waverly Feed Mill (27404 Cabin Point Road Waverly, VA)
757-899-1072

Clarkton Elevator (1877 Baldwin Road Whiteville, NC)
910-284-5805

Nichols Elevator (9113 Hwy 76 East Nichols, SC)
843-526-2411

Bladenboro Elevator (232 JR Britt Rd Bladenboro, NC)
910-648-4090

Mount Olive Elevator (770 Hwy 117 Alt. Calypso, NC)
919-658-5748

Lagrange Elevator (3318 Willie Measley Road Lagrange, NC)
252-566-4086

Clinton Elevator (202 Westover Rd Clinton, NC)
910-592-0105

Bentonville Elevator (2917 Harper House Road Four Oaks, NC)
919-689-2620

Wilson Elevator (1711 Hwy 301 S Wilson, NC)
252-991-5828

MB Grain InTouch

Since we started this service, farmers have appreciated being on the receiving end of emails pertaining to opportunities to market their grain.  If you haven't join, join our database today to receive grain marketing offers, newsletters, and future farmer meeting and field day invitations - Join here.  If you are not setup in our system to sell grain, you can print the required forms here.

 

MBgrain BASIS contracts

Grain prices are made up of two components - basis plus futures.  Corn futures are very different this year than they were last year.  That's why many farmers are opting for BASIS contracts.  The farmer promises to deliver a certain number of bushels during a specified period and locks in the BASIS portion of the price.  The futures portion of the total price is locked in at a later date chosen by the farmer.  The farmer is then paid for his bushels.

Basis contracts can be an effective marketing tool when the producer believes that basis could fall and futures could rise.  If the producer is not ready to accept the futures price, he waits until he is ready.  BASIS contracts prevents the producer from having to store grain or pay for storage.

Our BASIS levels can be found at the bottom of our website.

Call us if you would like additional information about BASIS contracts.

 

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (December) 3.7400 3.7275 3.7500 3.7225 3.7450 0.0050
CORN (March) 3.8700 3.8550 3.8775 3.8525 3.8725 0.0025
CORN (May) 3.9575 3.9400 3.9650 3.9400 3.9625 0.0050
CORN (July) 4.0250 4.0050 4.0300 4.0050 4.0275 0.0025
CORN (September) 4.0850 4.0700 4.0850 4.0700 4.0850 0.0000 4.0850
CORN (December) 4.1650 4.1475 4.1625 4.1450 4.1625 -0.0025
SOYBEANS (November) 10.2425 10.2300 10.3450 10.2300 10.3425 0.1000
SOYBEANS (January) 10.2975 10.2825 10.3950 10.2825 10.3950 0.0975
SOYBEANS (March) 10.3600 10.3425 10.4550 10.3425 10.4525 0.0925
SOYBEANS (May) 10.4250 10.4075 10.5175 10.4075 10.5175 0.0925
SOYBEANS (July) 10.4825 10.4725 10.5800 10.4700 10.5800 0.0975
SOYBEANS (August) 10.4900 10.5025 10.5775 10.5025 10.5525 0.0625 10.4900
SOYBEAN MEAL (December) 380.0 380.6 385.9 380.1 385.8 5.8
SOYBEAN MEAL (January) 361.1 360.5 365.5 360.5 365.3 4.2
SOYBEAN MEAL (March) 342.5 343.0 346.3 341.8 345.1 2.6
SOYBEAN MEAL (May) 338.0 338.0 341.3 337.9 340.8 2.8
SOYBEAN MEAL (July) 338.7 339.1 342.2 338.5 341.8 3.1
SOYBEAN MEAL (August) 339.0 340.2 342.1 340.2 342.1 3.1 339.0
LIVE CATTLE (October) 169.000 169.400 171.350 169.100 170.500 1.500 170.500
LIVE CATTLE (December) 166.750 166.925 168.000 166.100 167.325 0.575 167.325
LIVE CATTLE (February) 167.375 167.150 168.500 166.875 167.475 0.100 167.475
LEAN HOGS (December) 88.600 89.200 89.550 86.150 87.200 -1.400 87.200
LEAN HOGS (February) 88.050 88.600 88.750 86.100 86.950 -1.100 86.950
LEAN HOGS (April) 89.100 89.125 89.475 87.125 88.050 -1.050 88.050
FEEDER CATTLE (October) 238.850 239.400 239.850 239.400 239.750 0.900 239.750
FEEDER CATTLE (November) 233.050 233.325 235.250 232.650 234.225 1.175 234.225
FEEDER CATTLE (January) 227.950 228.000 229.325 226.925 228.475 0.525 228.475
DTN Click here for info on Exchange delays.

Basis