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) 3.4825 3.4750 3.5050 3.4700 3.4900 0.0075 3.4825
CORN (March) 3.6175 3.6075 3.6400 3.6075 3.6250 0.0075 3.6175
CORN (May) 3.7050 3.6975 3.7250 3.6950 3.7175 0.0125 3.7050
CORN (July) 3.7800 3.7675 3.8000 3.7675 3.7975 0.0175 3.7800
CORN (September) 3.8550 3.8500 3.8550 3.8500 3.8550 0.0000 3.8550
CORN (December) 3.9500 3.9400 3.9700 3.9400 3.9675 0.0175 3.9500
SOYBEANS (November) 9.4425 9.4400 9.5350 9.4275 9.4925 0.0500 9.4425
SOYBEANS (January) 9.5225 9.5150 9.6150 9.5075 9.5675 0.0450 9.5225
SOYBEANS (March) 9.6025 9.6000 9.6925 9.5850 9.6550 0.0525 9.6025
SOYBEANS (May) 9.6900 9.6800 9.7800 9.6775 9.7500 0.0600 9.6900
SOYBEANS (July) 9.7600 9.7500 9.8500 9.7475 9.8075 0.0475 9.7600
SOYBEANS (August) 9.7800
SOYBEAN MEAL (December) 329.4 329.6 333.3 329.5 331.9 2.5 329.4
SOYBEAN MEAL (January) 323.3 323.5 326.7 323.3 325.7 2.4 323.3
SOYBEAN MEAL (March) 316.6 316.6 319.5 316.3 318.6 2.0 316.6
SOYBEAN MEAL (May) 314.9 314.9 317.8 314.8 316.9 2.0 314.9
SOYBEAN MEAL (July) 316.0 316.4 318.9 316.4 318.1 2.1 316.0
SOYBEAN MEAL (August) 318.2 317.0 317.0 313.3 316.7 -1.5 316.7
LIVE CATTLE (October) 167.900 167.450 167.500 167.425 167.425 -0.475 167.900
LIVE CATTLE (December) 168.025 167.825 168.275 167.625 168.225 0.200 168.025
LIVE CATTLE (February) 166.900 166.700 166.975 166.500 166.975 0.075 166.900
LEAN HOGS (December) 89.150 88.650 88.975 88.525 88.900 -0.250 89.150
LEAN HOGS (February) 86.400 86.025 86.350 85.925 86.350 -0.050 86.400
LEAN HOGS (April) 86.975 86.800 87.000 86.675 87.000 0.025 86.975
FEEDER CATTLE (October) 240.750 240.625 240.625 239.375 240.250 -0.500 240.750
FEEDER CATTLE (November) 236.825 236.475 236.825 236.100 236.625 -0.200 236.825
FEEDER CATTLE (January) 231.075 230.600 230.950 230.375 230.925 -0.150 231.075
DTN Click here for info on Exchange delays.

Basis