The Elevator’s Cut Podcast

The guys connect via transoceanic technology to our friend and fellow elevator advocate across the pond, Dan Murphy, aka @GrainPirateDan, in the grain growing East Midlands region of England. Dan shares both the differences and similarities of the grain elevator business from his perspective, and we try to come to grips with a few cultural differences. So pour yourself a pint (just not of Stella) and enjoy!

The guys chat with Kellee James, CEO and Founder of Mercaris, to delve into the mysterious realm of specialty grains. If $42/bushel soybeans doesn’t grab your attention, we don’t know what will! Shout out to cauliflower rice for not sponsoring this episode.

The guys tackle springtime basis in light of inversions, and discuss what an elevator’s fee structure signals to farmers. Just remember kids, keep your eye on the ball, be you a merchant or a farmer… just understand which ball you really should be looking at. Also, pringles are great.

As we look forward to a summer of diminishing grain stocks with big inversions and a new crop year of little to no carry in the spreads, how the heck is anyone going to make any money and what should grain merchants be doing now to prepare? Also, how should farmers be approaching their marketing in this environment? The guys walk through the situation and outline the opportunities. 

After some wild times following war news, the guys discuss why things happened the way they did in the cash market during days of locked limit up futures markets in Chicago. Why did people shift their bids to different months? Why were some not bidding at all? How should a farmer look at all of it? Was it all a cash grab for a big "elevator's cut" or were buyers just trying not to lose money? 

The guys bring in Phil Luce, new CEO of White Commercial, to share his keynote talk about decision making during volatile times in the grain business. Celebrating Easter early, we put some Easter eggs at the end for you. 

It's a Festivus Miracle! The guys are back with another episode. In this one we air our grievances about "knowing the markets," having a bunch of screens, and why people look at risk the opposite of the way Merriam Webster does. We also catch you up on some of our latest conferences and what's on our schedule for 2022. Hope to see y'all out there this year! 

The guys discuss the latest ways to #winbasis from last summer.

Step 1: Volatility

Step 2: Derivatives

Step 3: ???

Step 4: #WinBasis

Once again, the guys welcome guest cohost and fellow GMD connoisseur, Susan David, to the show to do some analysis of the infamous Facebook page known on AgTwitter simply as GMD. We discuss some of our favorite posts and delve into the comment sections. Some good discussion on why people bid vs. different months, spreads, and how basis is used by grain buyers. 

The guys welcome guest cohost and fellow GMD connoisseur, Susan David, to the show to do some analysis of the infamous Facebook page known on AgTwitter simply as GMD. We discuss some of our favorite posts, delve into the comment sections, and hopefully bring somewhat of a counter argument to the anti-merchandiser, anti-elevator mentality that pops up from time to time.