CALENDAR



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.

 

David Coleman - new grain buyer Waverly, VA

We are happy to have David Coleman join our Murphy Brown team.  He has displayed success over a long-term period in helping farmers get the most value for their grain.  That demonstrated success will transfer easily into his role of buying and merchandising grain for MB.   Murphy Brown's stated approach is that our dealings with farmers are based on a 'win win approach'.  Mr. Coleman will approach his new role with that value clearly in mind.

Please call him today to discuss selling your grain --

David's cell phone is 757-899-0172
davidcoleman@murphybrownllc.com

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And more

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (September) 3.5700 3.5700 3.5875 3.5400 3.5625 -0.0075
CORN (December) 3.6700 3.6675 3.6825 3.6375 3.6600 -0.0100
CORN (March) 3.7950 3.7925 3.8100 3.7625 3.7825 -0.0125
CORN (May) 3.8775 3.8775 3.8875 3.8475 3.8675 -0.0100
CORN (July) 3.9525 3.9525 3.9625 3.9225 3.9425 -0.0100
CORN (September) 4.0250 4.0375 4.0375 3.9975 4.0125 -0.0125
SOYBEANS (August) 12.2450 12.2425 12.2575 12.1250 12.1700 -0.0750
SOYBEANS (September) 10.9975 10.9500 10.9825 10.7750 10.8025 -0.1950
SOYBEANS (November) 10.8200 10.7725 10.7975 10.6025 10.6250 -0.1950
SOYBEANS (January) 10.9025 10.8675 10.8775 10.6875 10.7075 -0.1950
SOYBEANS (March) 10.9750 10.9400 10.9425 10.7675 10.7900 -0.1850
SOYBEANS (May) 11.0400 10.9900 10.9900 10.8450 10.8650 -0.1750
SOYBEAN MEAL (August) 391.3 390.9 390.9 385.5 386.7 -4.6
SOYBEAN MEAL (September) 362.0 360.8 361.0 355.4 357.0 -5.0
SOYBEAN MEAL (October) 351.8 349.5 350.0 345.2 346.4 -5.4
SOYBEAN MEAL (December) 348.8 346.7 347.2 342.1 343.3 -5.5
SOYBEAN MEAL (January) 347.9 345.9 345.9 341.6 342.6 -5.3
SOYBEAN MEAL (March) 349.0 346.9 347.3 342.6 343.7 -5.3
LIVE CATTLE (August) 157.925 157.525 157.725 155.350 156.350 -1.575
LIVE CATTLE (October) 157.325 156.800 157.250 154.425 155.350 -1.975
LIVE CATTLE (December) 158.100 157.275 157.550 155.100 155.850 -2.250
LEAN HOGS (August) 118.025 117.325 118.825 117.250 117.700 -0.325
LEAN HOGS (October) 103.175 102.450 104.050 102.375 102.925 -0.250
LEAN HOGS (December) 94.175 93.450 95.075 93.450 94.500 0.325
FEEDER CATTLE (August) 220.675 220.825 220.825 217.950 218.825 -1.850
FEEDER CATTLE (September) 221.200 220.650 220.725 218.200 218.725 -2.475
FEEDER CATTLE (October) 221.025 220.800 220.800 218.025 218.175 -2.850
DTN Click here for info on Exchange delays.

Basis