1 min read
We’re fortunate to observe grain companies over long periods of time. While they differ in geography, structure, scale, crop mix, and diversification, the ones that remain consistently successful share something deeper than strategy or circumstance....
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The grain business deals with a lot of numbers – yields, bin capacities, prices, basis, spreads, moisture, supply, demand, and more. Along with the...
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A volatile market can make you feel like you don’t know anything about merchandising. Price, basis, and spreads swing around in bigger increments and...
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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...
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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...
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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...
