CALENDAR



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

 

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

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (March) 3.8125 3.8075 3.8100 3.7650 3.7825 -0.0300
CORN (May) 3.8975 3.8925 3.8950 3.8475 3.8650 -0.0325
CORN (July) 3.9700 3.9675 3.9675 3.9225 3.9375 -0.0325
CORN (September) 4.0350 4.0250 4.0275 3.9900 4.0025 -0.0325
CORN (December) 4.1125 4.1075 4.1125 4.0750 4.0875 -0.0250
CORN (March) 4.1975 4.1925 4.1925 4.1600 4.1725 -0.0250
SOYBEANS (March) 9.7375 9.7275 9.7650 9.6625 9.7250 -0.0125
SOYBEANS (May) 9.8125 9.8050 9.8375 9.7375 9.7975 -0.0150
SOYBEANS (July) 9.8700 9.8575 9.8975 9.7950 9.8450 -0.0250
SOYBEANS (August) 9.8725 9.8775 9.8900 9.7975 9.8525 -0.0200
SOYBEANS (September) 9.7350 9.7300 9.7550 9.6700 9.7225 -0.0125
SOYBEANS (November) 9.6275 9.6175 9.6500 9.5625 9.6100 -0.0175
SOYBEAN MEAL (March) 336.6 336.3 339.3 333.1 338.7 2.1
SOYBEAN MEAL (May) 328.8 328.5 331.1 325.7 330.8 2.0
SOYBEAN MEAL (July) 326.5 326.3 329.0 323.6 328.8 2.3
SOYBEAN MEAL (August) 325.3 326.2 327.7 322.6 327.5 2.2
SOYBEAN MEAL (September) 323.8 324.9 326.0 321.8 325.9 2.1
SOYBEAN MEAL (October) 319.8 319.7 321.1 317.5 318.6 -1.2
LIVE CATTLE (February) 152.825 152.550 153.975 152.325 153.700 0.875
LIVE CATTLE (April) 151.000 150.600 151.825 150.450 151.525 0.525
LIVE CATTLE (June) 144.700 144.350 145.125 143.775 144.900 0.200
LEAN HOGS (February) 69.425 69.075 70.500 68.525 70.100 0.675
LEAN HOGS (April) 72.050 71.125 73.700 70.850 73.450 1.400
LEAN HOGS (May) 77.925 77.150 80.225 77.150 80.075 2.150
FEEDER CATTLE (January) 210.775 211.100 212.500 210.975 212.250 1.475
FEEDER CATTLE (March) 203.825 203.600 205.500 202.425 205.250 1.425
FEEDER CATTLE (April) 205.225 205.150 206.500 203.525 206.225 1.000
DTN Click here for info on Exchange delays.

Basis