CALENDAR



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.

 

David Coleman - new grain buyer Waverly, VA

We are happy to have David Coleman join our Murphy Brown team.  He has displayed success over a long-term period in helping farmers get the most value for their grain.  That demonstrated success will transfer easily into his role of buying and merchandising grain for MB.   Murphy Brown's stated approach is that our dealings with farmers are based on a 'win win approach'.  Mr. Coleman will approach his new role with that value clearly in mind.

Please call him today to discuss selling your grain --

David's cell phone is 757-899-0172
davidcoleman@murphybrownllc.com

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (September) 3.5600 3.5500 3.5650 3.5250 3.5600 0.0000 3.5600
CORN (December) 3.6500 3.6425 3.6550 3.6200 3.6500 0.0000 3.6500
CORN (March) 3.7850 3.7750 3.7875 3.7500 3.7825 -0.0025 3.7825
CORN (May) 3.8675 3.8600 3.8650 3.8325 3.8650 -0.0025 3.8650
CORN (July) 3.9350 3.9275 3.9350 3.9025 3.9325 -0.0025 3.9325
CORN (September) 4.0050 4.0025 4.0050 3.9725 4.0025 -0.0025 4.0025
SOYBEANS (September) 10.7550 10.7000 11.0775 10.6425 10.8575 0.1025 10.8575
SOYBEANS (November) 10.2800 10.2600 10.3475 10.2200 10.2375 -0.0425 10.2375
SOYBEANS (January) 10.3550 10.3350 10.4250 10.3000 10.3175 -0.0375 10.3175
SOYBEANS (March) 10.4225 10.4125 10.5000 10.3775 10.3925 -0.0300 10.3925
SOYBEANS (May) 10.4800 10.4575 10.5500 10.4300 10.4500 -0.0300 10.4500
SOYBEANS (July) 10.5275 10.5125 10.5975 10.4800 10.4975 -0.0300 10.4975
SOYBEAN MEAL (September) 388.7 389.0 418.4 388.0 416.8 28.1 416.8
SOYBEAN MEAL (October) 352.0 352.8 359.0 351.0 357.0 5.0 357.0
SOYBEAN MEAL (December) 343.5 343.1 347.0 342.0 344.2 0.7 344.2
SOYBEAN MEAL (January) 340.4 340.1 343.6 338.9 340.8 0.4 340.8
SOYBEAN MEAL (March) 339.5 339.3 342.7 337.8 339.8 0.3 339.8
SOYBEAN MEAL (May) 339.8 339.2 342.9 338.0 339.8 0.0 339.8
LIVE CATTLE (August) 153.550 153.300 153.500 152.825 153.275 -0.275 153.200
LIVE CATTLE (October) 148.250 148.250 148.600 147.475 147.750 -0.500 147.825
LIVE CATTLE (December) 151.250 151.150 151.600 150.275 150.700 -0.550 150.775
LEAN HOGS (October) 95.100 94.950 97.175 94.600 95.900 0.800 95.925
LEAN HOGS (December) 89.700 89.300 91.500 89.250 90.550 0.850 90.500
LEAN HOGS (February) 88.800 88.500 90.200 88.500 89.950 1.150 89.925
FEEDER CATTLE (August) 217.525 217.575 218.600 217.250 218.200 0.675 218.150
FEEDER CATTLE (September) 214.200 214.000 214.600 212.550 214.375 0.175 214.475
FEEDER CATTLE (October) 212.475 212.050 212.850 210.350 212.100 -0.375 212.150
DTN Click here for info on Exchange delays.

Basis