BASIC & RECENT MARKET INFO

Highlights The USDA announced yesterday morning that 517,000 mt of new crop soybeans were sold to China. Soybeans in China’s futures have rallied 80 cents per bushel the last 2 days. September grain options expire tomorrow. Usually a down day for prices, but the Pro Farmer Tour results may change that. The Tour results will be released tomorrow morning. Reuter’s Karen Braun commented yesterday: Averaging 198 bu/acre through 8 stops in W Iowa- Pottawattamie, Harrison, Crawf

Grain Marketing Trap Very Expensive A fairly new client called Monday afternoon and asked what should she do with 9,000 bushels of beans...

Time to Make Decisions About Fall Delivery Basis If you know you will have to deliver corn or beans during harvest, you need to make the decision this week whether to set the basis now for fall delivery or roll the dice. Well, actually, if you do not set the fall delivery basis, that decision has better odds of being correct than rolling the dice. First of all, why is this week the week to decide on fall delivery basis? By this week, you have a pretty good idea of what kind