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 (March) 4.1100 4.1075 4.1125 4.0500 4.1050 -0.0050 4.1050
CORN (May) 4.1950 4.1900 4.1975 4.1350 4.1900 -0.0050 4.1900
CORN (July) 4.2625 4.2575 4.2675 4.2000 4.2600 -0.0025 4.2600
CORN (September) 4.2850 4.2800 4.2925 4.2325 4.2825 -0.0025 4.2825
CORN (December) 4.3475 4.3400 4.3550 4.2900 4.3500 0.0025 4.3500
CORN (March) 4.4300 4.4200 4.4400 4.3775 4.4350 0.0050 4.4350
SOYBEANS (January) 10.3500 10.3475 10.3575 10.2250 10.3050 -0.0450 10.3050
SOYBEANS (March) 10.4325 10.4300 10.4400 10.3025 10.3850 -0.0475 10.3850
SOYBEANS (May) 10.5025 10.5000 10.5100 10.3775 10.4600 -0.0425 10.4600
SOYBEANS (July) 10.5600 10.5500 10.5625 10.4350 10.5200 -0.0400 10.5200
SOYBEANS (August) 10.5375 10.4975 10.5200 10.4450 10.5075 -0.0300 10.5075
SOYBEANS (September) 10.3450 10.3450 10.3450 10.2400 10.3250 -0.0200 10.3250
SOYBEAN MEAL (January) 365.3 365.2 365.4 360.0 363.5 -1.8 363.5
SOYBEAN MEAL (March) 353.9 353.9 354.8 348.7 352.0 -1.9 352.0
SOYBEAN MEAL (May) 348.4 347.8 349.3 343.7 347.1 -1.3 347.1
SOYBEAN MEAL (July) 346.7 346.5 347.3 342.1 346.0 -0.7 346.0
SOYBEAN MEAL (August) 345.4 345.0 345.3 341.4 345.3 -0.1 345.3
SOYBEAN MEAL (September) 343.3 341.0 343.1 339.7 343.3 0.0 343.3
LIVE CATTLE (December) 158.700 159.050 161.500 159.000 160.750 2.050 160.750
LIVE CATTLE (February) 158.525 158.575 160.775 158.450 160.100 1.575 160.100
LIVE CATTLE (April) 158.200 158.200 160.050 158.075 159.675 1.475 159.675
LEAN HOGS (February) 81.875 81.875 82.500 81.050 81.900 0.025 81.900
LEAN HOGS (April) 83.225 83.000 83.850 82.500 83.200 -0.025 83.200
LEAN HOGS (May) 87.450 87.100 87.950 86.825 87.175 -0.275 87.175
FEEDER CATTLE (January) 217.075 218.400 221.125 217.375 220.150 3.075 220.150
FEEDER CATTLE (March) 213.775 214.650 218.125 214.600 217.975 4.200 217.975
FEEDER CATTLE (April) 214.175 215.150 218.325 215.150 218.075 3.900 218.075
DTN Click here for info on Exchange delays.

Basis