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 3.7700 3.8225 3.7400 3.8175 0.0550 3.8175
CORN (July) 3.8425 3.8500 3.9000 3.8175 3.9000 0.0575 3.9000
CORN (September) 3.9200 3.9250 3.9775 3.8950 3.9775 0.0575 3.9775
CORN (December) 4.0075 4.0125 4.0700 3.9875 4.0675 0.0600 4.0675
CORN (March) 4.1000 4.1125 4.1675 4.0875 4.1625 0.0625 4.1625
CORN (May) 4.1675 4.1850 4.2350 4.1600 4.2325 0.0650 4.2325
SOYBEANS (May) 9.7325 9.7325 9.9175 9.7275 9.8975 0.1650 9.8975
SOYBEANS (July) 9.7775 9.7775 9.9650 9.7750 9.9450 0.1675 9.9450
SOYBEANS (August) 9.7725 9.7725 9.9575 9.7725 9.9400 0.1675 9.9400
SOYBEANS (September) 9.6425 9.6425 9.8175 9.6425 9.8050 0.1625 9.8050
SOYBEANS (November) 9.5525 9.5550 9.7375 9.5500 9.7275 0.1750 9.7275
SOYBEANS (January) 9.6000 9.6050 9.7825 9.6050 9.7775 0.1775 9.7775
SOYBEAN MEAL (May) 326.8 326.4 333.8 324.2 331.9 5.1 331.9
SOYBEAN MEAL (July) 325.2 324.9 332.0 322.7 330.7 5.5 330.7
SOYBEAN MEAL (August) 323.7 323.7 330.2 321.2 329.1 5.4 329.1
SOYBEAN MEAL (September) 322.0 322.4 327.9 319.7 327.1 5.1 327.1
SOYBEAN MEAL (October) 318.4 319.5 324.6 316.4 323.9 5.5 323.9
SOYBEAN MEAL (December) 318.7 318.7 325.2 316.5 324.4 5.7 324.4
LIVE CATTLE (April) 161.325 161.400 162.500 160.825 161.800 0.475 161.800
LIVE CATTLE (June) 152.325 152.400 153.450 151.375 152.225 -0.100 152.225
LIVE CATTLE (August) 149.500 149.650 150.275 148.400 149.175 -0.325 149.175
LEAN HOGS (April) 62.425 62.000 62.950 61.725 62.900 0.475 62.900
LEAN HOGS (May) 68.725 68.500 69.325 68.500 69.200 0.475 69.200
LEAN HOGS (June) 75.800 75.350 76.650 75.325 76.250 0.450 76.250
FEEDER CATTLE (April) 218.125 218.200 219.575 217.400 218.625 0.500 218.625
FEEDER CATTLE (May) 216.900 216.950 218.275 215.675 216.650 -0.250 216.650
FEEDER CATTLE (August) 218.275 218.100 219.350 217.150 217.925 -0.350 217.925
DTN Click here for info on Exchange delays.

Basis