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 soybeans, which typically involves some of the characteristics of both types of markets. What is...
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1 min read
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...
1 min read
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...
1 min read
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”...
1 min read
Most merchandisers don’t enjoy trading markets with small carries and/or inverted spreads, but by all appearances, that is what the market is going...
1 min read
Let Me Give Away the Ending: No Despite years of articles predicting the irrelevance of the country elevator, it continues to be an important part of...
