1 min read
Things You Can and Cannot Do in the Grain Business
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...
Basis Trading
2 min read
Shifting from Inverse to Carry Markets
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...
1 min read
What Are “Basis Eyes” and Why Are They So Important?
There are several different ways to say it, but at the core having basis eyes means
1 min read
Keep Your Long Futures in the Nearby and Your Short Futures in the Deferred
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
Use Old Skills and a New Approach to Navigate Volatile Markets
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”...
4 min read
Merchandising: What's the Worst that Could Happen?
As the season of fall harvest planning is upon us, let us take a moment to review the idea, and the reality, of the importance of having a grain flow...
4 min read
4 Grain Market Indicators to Watch
Knowing your grain company is key to navigating the change between carry and inverted markets Differing views on how to define transitions exist....
1 min read
Balancing Act
Phil Luce: Jan 5, 2022
Weighing the Market's Needs with Those of Your Business
3 min read
Taking Control of Grain Merchandising
Market conditions may be out of a merchandiser's control, but steps can be made to tip the scales in their favor. I believe merchandising grain and...
1 min read
Watch Those Emotions: When Markets Get Weird, Get Calm.
Phil Luce: Mar 25, 2021
Unmet expectations are the springboard for all kinds of human problems. When things don't go as expected, the likelihood of becoming irrational or...