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) 3.7425 3.7400 3.7875 3.7375 3.7825 0.0400 3.7825
CORN (March) 3.8725 3.8700 3.9200 3.8650 3.9150 0.0425 3.9150
CORN (May) 3.9575 3.9575 4.0075 3.9500 4.0025 0.0450 4.0025
CORN (July) 4.0300 4.0300 4.0750 4.0250 4.0700 0.0400 4.0700
CORN (September) 4.0875 4.0950 4.1300 4.0875 4.1250 0.0375 4.1250
CORN (December) 4.1725 4.1675 4.2150 4.1650 4.2050 0.0325 4.2050
SOYBEANS (January) 10.5100 10.4925 10.5475 10.3850 10.4700 -0.0400 10.4700
SOYBEANS (March) 10.5625 10.5450 10.5975 10.4450 10.5275 -0.0350 10.5275
SOYBEANS (May) 10.6125 10.5850 10.6500 10.5000 10.5875 -0.0250 10.5875
SOYBEANS (July) 10.6525 10.6400 10.6900 10.5450 10.6300 -0.0225 10.6300
SOYBEANS (August) 10.6400 10.6150 10.6575 10.5400 10.6200 -0.0200 10.6200
SOYBEANS (September) 10.4025 10.4200 10.4200 10.3200 10.3800 -0.0225 10.3800
SOYBEAN MEAL (December) 390.6 390.6 402.7 389.6 401.6 11.0 401.6
SOYBEAN MEAL (January) 374.8 374.8 378.5 371.0 376.7 1.9 376.7
SOYBEAN MEAL (March) 358.4 358.4 360.3 353.8 358.1 -0.3 358.1
SOYBEAN MEAL (May) 349.9 348.9 351.8 345.8 349.3 -0.6 349.3
SOYBEAN MEAL (July) 348.4 348.2 350.4 344.8 348.1 -0.3 348.1
SOYBEAN MEAL (August) 347.3 345.7 348.8 344.0 347.0 -0.3 347.0
LIVE CATTLE (December) 170.150 169.925 170.675 168.875 169.250 -0.900 169.250
LIVE CATTLE (February) 171.025 170.700 171.275 169.275 169.675 -1.350 169.675
LIVE CATTLE (April) 169.100 168.975 169.475 167.800 168.300 -0.800 168.300
LEAN HOGS (December) 90.950 90.550 91.100 90.250 90.950 0.000 90.950
LEAN HOGS (February) 89.825 89.625 89.975 89.225 89.550 -0.275 89.550
LEAN HOGS (April) 91.650 91.300 92.300 91.300 91.875 0.225 91.875
FEEDER CATTLE (January) 231.375 231.575 232.900 230.050 230.500 -0.875 230.500
FEEDER CATTLE (March) 229.925 229.750 231.625 228.950 229.350 -0.575 229.350
FEEDER CATTLE (April) 230.250 230.725 232.100 229.550 229.950 -0.300 229.950
DTN Click here for info on Exchange delays.

Basis