1 min read
In the grain business, it’s easy to get distracted by the things we wish we could control. Prices, timing, market moves - these often feel just out of reach. But the most successful grain businesses don’t waste time chasing the impossible. Instead,...
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Your grain bid expresses your opinion of your own value to the people you are buying from. Pushing the bid a few cents seems like a small concession,...
2 min read
Reviewing the fundamentals of the basis trading environment The 2023-24 crop year was a transition away from inversion and into carry for corn and...
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As you get your facilities in top shape for the fall harvest, don’t overlook doing the same for your merchandising. A little bit of pre-harvest...
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There are several different ways to say it, but at the core having basis eyes means
2 min read
A big drop in prices has farmers understandably reluctant to sell, but the grain industry still needs to grind, process, ship, and otherwise do what...
1 min read
I was recently talking to someone who buys 90% of the grain that crosses the scales; some spot and some forward contracted. The approach is nothing...
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Old Advice for Current Times I first heard this maxim about 25 years ago, and it wasn't new then. The person who shared it with me learned from an...
3 min read
The volatility in production, futures prices, basis, and spreads of the last few years have caused many of us to abandon the idea of a “normal”...
