Grain Marketing Education, News & Strategies

Tidbits President Donald Trump delivered a speech to the nation yesterday from the White House with a focus on the 2020 election. He is declassifying documents that he says will show interference by China in the 2020 election. Trump has repeatedly claimed without evidence that there was widespread election fraud six years ago when he lost to President Joe Biden. Trump again pushed for Congress to pass legislation that would require proof of citizenship to register to vote and

Tidbits The NOPA soybean crush in June was 214.34 million bushels of soybeans, up 2.7% from May and up 15.7% from a year ago. It exceeded trade expectations as the daily pace of processing rebounded from an eight-month low posted in May to the strongest level in three months. You can learn about the NOPA via the link: https://www.wrightonthemarket.com/post/about-the-nopa The USDA is now accepting applications for its Agribusiness Trade Mission to Vietnam on November 9-12. Vie

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Iran: President Trump will address the nation tomorrow evening to explain his Iran plan. The U.S. and Iran conducted military strikes with each other overnight. Trump said the U.S. military will continue to strike Iran in the coming days and into next week. Brazil: CONAB raised its 2025/26 Brazilian soybean production estimate a bit to 180.57 million mts, from 180.25 million mts previously. They raised their Brazilian corn production forecast 1% to 141.7 million mts.

The continuation chart of corn is currently in the December contract, and for beans it is the November. Both charts indicate that current prices are at serious resistance levels, meaning that a downleg is probable for at least a few weeks. Up corrections in the downleg should be used for selling opportunities. It is difficult to describe a chart in words, so I will outlay several price levels. 470.0 is stiff resistance in corn, and 1208.0-1210.0 should serve as resistance in

Tidbits Iran: U.S. President Donald Trump officially notified Congress of the resumption of hostilities in Iran. Crude oil prices rose significantly again, to about $80. Trump also announced that the U.S. would impose a 20% tax on all cargo transported through the Strait of Hormuz. Iran, for its part, declared that it would not allow the U.S. to interfere with the management of the Strait of Hormuz and would treat it as closed. Flash sales: Yesterday, the USDA announced the s

Tidbits Typhoon Bavi brought heavy rain to the eastern coast of China on Sunday and lashed densely populated cities with violent winds, testing the country's ability to cope with extreme weather, Reuters News reported. Bavi had weakened by Sunday morning to a tropical storm as it ‌pushed inland, but forecasters warned that the France-sized storm system could unleash prolonged and widespread rain across eastern and northern China in the coming days. By Sunday afternoon, Bavi

World Free-On-Board Grain & Oilseed Prices for July 11, 2026

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 52,637, -263 points for the week. Crude oil settled at $71.51, +2.73. Dollar Index settled at 100.96, +0.08. Baltic Dry Index (a shipping freight-cost index) settled at 2,944, +227. Corn September futures settled at $4.39½, +16½¢ for the week. December

Tidbits China evacuated more than 1.9 million people as Typhoon Bavi churned toward the major eastern city of Wenzhou. Farmers raced this past week to harvest crops. At the greatest risk were rice, corn, vegetables, and fruits. The category 1 typhoon made landfall with 90 mph (144 kmph) around 11:20 pm Saturday local time. Rice is the world’s number one competitor for wheat. In Asia, wheat and rice demand is determined by price for the average consumer. Reuters reports Ch

USDA’s July S&D Yesterday’s USDA numbers were supportive for corn, wheat, and beans, but wheat got an extra boost from Russia restricting access to waterways leading to the Sea of Azov (southeast of Ukraine) following Ukrainian attacks on oil tankers operating in the region. Analysts calculate that could take 735 million bushels off the world wheat market. Russia is the world’s leading wheat exporter. Confirmation from USDA that U.S. 2026 wheat production is the lowest in 56

The report was: Friendly Wheat Friendly Soybeans Bullish Corn: Old Crop World Corn Carryover 3 mil mts less than the lowest estimate US Corn exports and feed use increased 50 Minutes after the July S&D Was Issued: Dec Corn +8 Nov Beans +5 Sept SRW Wheat +21 Sept HRW Wheat +23 Sept HRS Wheat +14 There were no corn or soybean yield changes

Tidbits Flash sales: Yesterday, the USDA reported new crop soybeans sales: 136,000 mts to China and 120,000 mts to unknown destinations. Soybean crush margins are record high and the U.S. crush pace is reaching breakneck speeds, according to the quarterly report from CoBank’s Knowledge Exchange released on July 8. Total soybeans crushed for the marketing year-to-date are up 8% compared to a year ago, with the pace consistently reaching monthly records. High diesel prices foll

Tidbits Some analysts said the sharply higher crude oil was why CBOT prices were smartly lower yesterday while other analysts said it was the belt of scattered showers from Kansas to Minnesota with more in the forecast for today and tomorrow. We will side with the rain for the lower prices. When it is July and rain is falling on Iowa, corn and beans will be down. Some weakness is caused every month by the fear of the USDA monthly S&D, which will be released tomorrow at 11 AM

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Iran & Crude: The U.S. has renewed some sanctions and military strikes on Iran after three crude oil tankers were being struck by unknown projectiles in and near the Strait of Hormuz. August crude oil finished yesterday $1.89 higher and was another $2.05 higher after two hours of trading last evening. S&D: The USDA will issue its July S&D this Friday at 10 AM Mountain Time. Planted acres will be changed to the numbers on the 30 June USDA acreage report. Demand numbers

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 52,900, +1,024 points for the week. Crude oil settled at $68.78, -1.46. Dollar Index settled at 100.88, -0.49. Baltic Dry Index (a shipping freight-cost index) settled at 2,717, +193. Corn September futures settled at $4.23 on Friday, +1¼¢ for the week.

Tidbits Super Typhoon Bavi’s near world record low barometric pressure captured the world headlines Monday morning as weather services connected the low pressure to the strong El Niño and global warming. Then pointed out the El Niño will continue to strengthen into December and January and exaggerated the potential worldwide crop production problems. The strength at the CBOT yesterday was all because of the “hype” and not because of any serious immediate crop problems. There

Both Corn and beans gapped higher on the open yesterday, then finished on the highs after substantial gains. Swing traders usually look at days like this to be potential short term sell opportunities, depending on how tonight and tomorrow morning trade. These gaps should both be tested or filled shortly (exactly when ??) , then both grains should paint another leg higher. Therefore, these gaps are good buying opportunities. Here is the 1 hour chart of both grains, respectivel

Tidbits Weather: On Friday, the seven locations we track in the Western Corn Belt were predicted to receive rain 40 out of a possible 70 days in the ten day forecast. Today, those same locations were predicted to receive rain in 17 days in the ten day forecast. Check this morning’s rain day chart and you will know why corn and beans are trading the way they are. The Mariana Islands are roughly halfway between the Philippines and Hawaii. Guam is the southernmost island of th