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February 28, 2025
Grain Market Outlook
Ukraine, and Russia. Trade Year basis.
Office of the Chief Economist
Higher … Source: USDA PS&D. Oct-Sep basis.
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Other …
February 13, 2019
Grain Market Outlook
The Environmental Protection Agency’s (EPA’s) recent action to approve the use of E‐15 gasoline
blends on a season‐round basis in U.S. motor fuels may lead to increased feedgrain use for ethanol
during the remainder of “current” MY 2018/19 and in coming years.
3 … CME Corn Futures & Kansas Cash Corn Prices & Basis Bids
A. Corn Futures Price Trends
Since the release of the USDA’s February 8th World Agricultural Supply and Demand (WASDE) report,
“lead contract” MARCH 2019 CME corn futures prices initially moved lower, but have since partially recovered.
On February 8th, the day of the report, MAR 2019 corn opened at $3.76 ½ ‐ trading as low as $3.74 and as high
as $3.81 ¾ during the day before closing down $0.02 ¼ to $3.74 ¼ /bu. Since that day, MAR 2019 corn has
trended first lower down to $3.71 ¾ and then back up to $3.78 ¾ before closing at $3.78 ¼ on Wednesday,
February 13th (Figure 1). Considering long term trends in monthly, continuous Chicago Mercantile Exchange
(CME) corn futures, recent lows of $3.18 ¼ (on 10/1/2014), $3.01 (on 8/31/2016), $3.38 (on 9/1/2017), and
$3.36 ¼ per bushel (on 9/13/2018) have occurred. These are comparable to the close of $3.78 ¼ in MARCH
2019 corn futures on February 13, 2019 (Figure 1).
B …
June 6, 2016
KFMA Research
net income on a per acre basis and for a specific KFMA region … as well as on a per acre basis by region (Figures 2, 3 …
September 1, 2005
LRP Insurance
policy on a dollar per
cwt basis
Expected End Value X … basisLRP does NOT guarantee the basis
LRP does not guarantee …
August 13, 2016
Breakout session presentations
Economic Approach” forms the
basis for this presentation … Economic Approach” forms the
basis for this presentation …
March 24, 2015
232.49)
SEP FC: $216.65/cwt
+ Exp. Basis: $ 15.84/cwt
= Exp. Cash … Cash
– SEP FC: $216.65 & Exp. Basis: $15.84 (Exp. Cash = $232.49)
– …
October 4, 2016
2016 Ag Lenders Conference Presentations
2016
Data Source: USDA‐AMS, Compiled & Analysis by LMIC
Livestock Marketing Information Center
Beef Basis, Salina KS Projections (as of 10/3):Oct. 5: $144Nov. 2: $141Dec. 7: $140
y = 17.84x + 214.78R² = 0.7801
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1987 … 2016
Data Source: USDA‐AMS, Compiled and Analysis by LMIC
Livestock Marketing Information Center
Beef Basis, Salina KS Projections (as of 10/3):Oct. 5: $119Nov. 2: $115Dec. 7: $114
Economic Outlook Overview: Backgrounding/Stockers
VOG Projections: http://www.beefbasis.com/VOG.aspxProduction Chart: http://www.beefusa.org/CMDocs/BeefUSA/resources/CC2011‐Cattle‐Fax‐All‐Slides.pdf
Salina, KS 550 lb …
January 25, 2016
Cash
– MAY FC: $157.50 & Exp. Basis: -$6.28 (Exp. Cash = $151.22)
– …
February 20, 2017
Cattle Finishing Returns
Fed Price
Fed Futures Fed Basis
Breakeven
Fed Price
Breakeven … FCOG**
Fed Futures Fed Basis
* Net return is $/head and …
March 13, 2017
Cattle Finishing Returns
Feeder Price
Breakeven
FCOG**Fed Futures Fed Basis
Breakeven
Feeder Price
Table 2. Projected Values for Finishing Heifers in Kansas Feedyards*
Closeout
Mo‐Yr … Feeder Price
Breakeven
FCOG**
Breakeven
Fed PriceFed Futures Fed Basis
* Net return is $/head and all other values are $/cwt.
** FCOG = Feeding cost of gain
Kansas State University Department Of Agricultural Economics Extension Publication …