How do grain futures markets work
Other things to have top of mind when reading grain prices Currency. It is important to know what currency the price is being quoted in and how the grain company handles foreign exchange. Grain companies can adjust for the foreign exchange in either the futures or basis. US dollar futures prices: wheat, soybeans, oats, corn Be aware of the futures market and the carrying charges (higher bids for future delivery of grain) that are present in the market. By evaluating the carrying charges in the futures market and the basis bids that you have in the current cash market and for future delivery, you can often see the best time to merchandise the grain.