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 (May) 3.7625 3.7625 3.8075 3.7500 3.7975 0.0350 3.7975
CORN (July) 3.8325 3.8300 3.8750 3.8150 3.8675 0.0350 3.8675
CORN (September) 3.9075 3.9050 3.9475 3.8900 3.9400 0.0325 3.9400
CORN (December) 4.0025 4.0025 4.0400 3.9850 4.0325 0.0300 4.0325
CORN (March) 4.1050 4.1025 4.1425 4.0900 4.1300 0.0250 4.1300
CORN (May) 4.1775 4.1675 4.2100 4.1625 4.2025 0.0250 4.2025
SOYBEANS (May) 9.6600 9.6525 9.7250 9.6300 9.6875 0.0275 9.6875
SOYBEANS (July) 9.6900 9.6825 9.7550 9.6625 9.7150 0.0250 9.7150
SOYBEANS (August) 9.6700 9.6750 9.7325 9.6525 9.6800 0.0100 9.6800
SOYBEANS (September) 9.5775 9.5825 9.6275 9.5650 9.5775 0.0000 9.5775
SOYBEANS (November) 9.5275 9.5100 9.5775 9.5050 9.5275 0.0000 9.5275
SOYBEANS (January) 9.5900 9.5750 9.6300 9.5725 9.5900 0.0000 9.5900
SOYBEAN MEAL (May) 312.4 312.0 315.7 311.9 315.0 2.6 315.0
SOYBEAN MEAL (July) 312.2 312.0 315.5 311.9 314.7 2.5 314.7
SOYBEAN MEAL (August) 311.2 311.0 314.3 311.0 313.2 2.0 313.2
SOYBEAN MEAL (September) 310.4 310.2 313.2 310.2 312.1 1.7 312.1
SOYBEAN MEAL (October) 308.6 308.5 311.4 308.5 310.1 1.5 310.1
SOYBEAN MEAL (December) 309.2 309.0 312.0 309.0 310.5 1.3 310.5
LIVE CATTLE (April) 160.800 160.900 161.075 157.800 157.800 -3.000 157.800
LIVE CATTLE (June) 152.000 152.150 152.350 149.000 149.000 -3.000 149.000
LIVE CATTLE (August) 149.675 149.750 150.025 146.675 146.675 -3.000 146.675
LEAN HOGS (May) 71.025 70.350 70.900 70.200 70.525 -0.500 70.525
LEAN HOGS (June) 76.375 76.100 76.375 75.700 76.275 -0.100 76.275
LEAN HOGS (July) 77.800 77.600 77.650 77.075 77.475 -0.325 77.475
FEEDER CATTLE (April) 215.800 215.800 216.725 212.900 213.000 -2.800 213.000
FEEDER CATTLE (May) 213.000 212.900 214.150 208.500 208.525 -4.475 208.525
FEEDER CATTLE (August) 214.675 214.650 215.825 210.175 210.200 -4.475 210.200
DTN Click here for info on Exchange delays.

Basis