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Are You a Cash Price Grain Seller?

Originally written by Roger Wright for FarmProgress.com in September 2021 Here is why you need to be a basis seller and a futures seller,...

Wright team

Nov 7, 20235 min read

Basis Contracts 9/24/22

Basis Contracts: Purpose Math of a Valuable Marketing Tool Basis contracts allow a farmer to deliver grain he cannot store, maintain a...

Wright Team

Sep 25, 20222 min read

Highlights, May/July Spread, Export Inspections, Markets & Rain Days Update 8/16/22

Highlights Yesterday’s news included the US Congressional visit to Taiwan for the purpose of jerking China’s chain, additional rain in the forecast with cooler temperatures for the Corn Belt and the Bank of China cut its interest rate. Lower interest rates improve economic activity, which increases demand. But gloom and doom mentality reared its ugly head yesterday as the market took the position that China’s economy must be in worse shape than expected and, thus, the country

Wright Team

Aug 16, 20223 min read

July Basis Contract? Read This. 6/27/22

July basis contracts (and long July futures positions) need to be rolled or priced (liquidated, cashed out) by the close of business Wednesday this week, the 29th. Deliveries, if any, on July futures will be assigned to owners of long July positions the evening of the 29th. You nor your merchandiser want to own cash grain in a Chicago Board of Trade Approved Warehouse on the Illinois River. It is not the end of the world, but expensive (8 to 14 cents a bushel) to sell it. A

Wright Team

Jun 27, 20222 min read

Highlights, China's Wheat, USDA S&D, Markets & Rain Days Update 6/13/22

Highlights Jon Scheve is a grain market consultant whose weekly comments are posted on our website and, when they are posted, you should be receiving a notice of his post, just like The Tech Guy. Sunday, we talked about how the corn basis indicates corn futures are too cheap. Jon’s post later Sunday included: Last week I mentioned the basis market was indicating a potential futures rally. This week the July corn board did increase, and it also rose faster than September futur

Wright Team

Jun 12, 20223 min read