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) 3.5300 3.5200 3.6025 3.5100 3.5975 0.0675 3.5975
CORN (March) 3.6700 3.6600 3.7400 3.6500 3.7350 0.0650 3.7350
CORN (May) 3.7600 3.7475 3.8250 3.7400 3.8200 0.0600 3.8200
CORN (July) 3.8325 3.8225 3.9000 3.8100 3.8950 0.0625 3.8950
CORN (September) 3.9025 3.8850 3.9650 3.8825 3.9650 0.0625 3.9650
CORN (December) 3.9900 3.9800 4.0550 3.9775 4.0525 0.0625 4.0525
SOYBEANS (November) 9.6275 9.6075 9.9425 9.5600 9.9325 0.3050 9.9325
SOYBEANS (January) 9.6975 9.6775 10.0100 9.6300 10.0000 0.3025 10.0000
SOYBEANS (March) 9.7700 9.7500 10.0725 9.7050 10.0650 0.2950 10.0650
SOYBEANS (May) 9.8475 9.8200 10.1325 9.7875 10.1250 0.2775 10.1250
SOYBEANS (July) 9.9100 9.8875 10.1825 9.8525 10.1750 0.2650 10.1750
SOYBEANS (August) 9.9225 9.9250 10.1650 9.9250 10.1775 0.2550 10.1775
SOYBEAN MEAL (December) 338.0 338.1 353.4 335.1 352.4 14.4 352.4
SOYBEAN MEAL (January) 330.0 329.9 342.8 327.6 342.0 12.0 342.0
SOYBEAN MEAL (March) 321.5 321.5 333.3 319.5 332.6 11.1 332.6
SOYBEAN MEAL (May) 319.3 320.2 330.4 317.1 329.9 10.6 329.9
SOYBEAN MEAL (July) 320.5 320.6 331.1 318.3 330.7 10.2 330.7
SOYBEAN MEAL (August) 321.3 321.5 331.5 319.4 331.1 9.8 331.1
LIVE CATTLE (October) 168.050 168.400 169.925 167.400 169.900 1.850 169.050
LIVE CATTLE (December) 168.100 168.400 169.825 167.600 169.800 1.700 169.100
LIVE CATTLE (February) 167.625 167.600 169.300 167.100 169.275 1.650 168.850
LEAN HOGS (December) 89.750 89.500 89.800 88.025 88.725 -1.025 88.725
LEAN HOGS (February) 87.850 87.700 87.900 86.650 87.550 -0.300 87.450
LEAN HOGS (April) 89.300 89.050 89.400 88.075 88.700 -0.600 88.550
FEEDER CATTLE (October) 239.450 240.000 240.800 239.000 240.350 0.900 240.225
FEEDER CATTLE (November) 235.175 235.600 237.225 235.250 236.950 1.775 236.700
FEEDER CATTLE (January) 229.275 229.675 231.250 229.625 231.100 1.825 230.975
DTN Click here for info on Exchange delays.

Basis