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 (December) 3.3150 3.3100 3.3150 3.2975 3.2975 -0.0175
CORN (March) 3.4425 3.4350 3.4425 3.4250 3.4275 -0.0150
CORN (May) 3.5300 3.5200 3.5300 3.5100 3.5100 -0.0200
CORN (July) 3.6000 3.5900 3.5975 3.5800 3.5850 -0.0150
CORN (September) 3.6750 3.6700 3.6700 3.6550 3.6625 -0.0125
CORN (December) 3.7850 3.7825 3.7825 3.7650 3.7675 -0.0175
SOYBEANS (November) 9.5700 9.5300 9.5475 9.4200 9.4325 -0.1375
SOYBEANS (January) 9.6525 9.6150 9.6300 9.4950 9.5000 -0.1525
SOYBEANS (March) 9.7275 9.7000 9.7025 9.5600 9.5700 -0.1575
SOYBEANS (May) 9.7950 9.7625 9.7700 9.6325 9.6350 -0.1600
SOYBEANS (July) 9.8550 9.8225 9.8300 9.6875 9.7000 -0.1550
SOYBEANS (August) 9.8825 9.7425 9.7450 9.7300 9.7450 -0.1375
SOYBEAN MEAL (October) 324.1 323.6 323.7 319.3 320.9 -3.2
SOYBEAN MEAL (December) 315.4 314.7 315.0 310.7 311.3 -4.1
SOYBEAN MEAL (January) 312.9 312.0 312.1 308.0 308.5 -4.4
SOYBEAN MEAL (March) 311.8 311.3 311.3 306.5 307.3 -4.5
SOYBEAN MEAL (May) 313.1 311.9 311.9 307.8 308.0 -5.1
SOYBEAN MEAL (July) 315.1 314.8 314.8 310.0 310.2 -4.9
LIVE CATTLE (October) 155.600 155.900 156.325 155.050 155.625 0.025 155.625
LIVE CATTLE (December) 158.925 159.300 159.500 158.250 158.700 -0.225 158.700
LIVE CATTLE (February) 159.375 159.600 160.600 158.950 160.250 0.875 160.250
LEAN HOGS (October) 102.975 104.600 105.975 104.125 105.975 3.000 105.975
LEAN HOGS (December) 93.800 94.775 95.500 94.400 94.850 1.050 94.850
LEAN HOGS (February) 90.750 92.000 92.000 90.100 91.400 0.650 91.400
FEEDER CATTLE (September) 229.900 230.150 231.175 229.900 230.600 0.700 230.600
FEEDER CATTLE (October) 227.700 228.000 229.150 227.400 228.725 1.025 228.725
FEEDER CATTLE (November) 224.925 225.250 226.675 224.700 226.325 1.400 226.325
DTN Click here for info on Exchange delays.

Basis