Grain Marketing Education, News & Strategies

Tidbits Flash Sales: Yesterday, the USDA announced the sale of 252,000 mts of new crop soybeans to unknown. China's Soybean Auctions: China's Sinograin auctioned 504,000 metric tons (18.5 million bushels) of imported soybeans on Friday. They sold roughly half of the offered volume in its largest reserve auction since January. Sold beans moved into commercial channels, and Sinograin has scheduled another auction of 501,158 metric tons for Wednesday, involving soybeans produced

Tidbits Flash Sales: Yesterday morning, the USDA announced the sale of 132,000 mts of new crop soybeans to China. Feedback: Some farmers in Central Minnesota (Morrison County) said they will start chopping corn Monday if they do not get rain this weekend. The U.S. GDP for the second quarter came in at 1.5% growth rate vs. 1.8% expected. Jobless claims were increased to 197,000 vs. 201,000 expected and below the recent average. The June Personal Consumption Expenditure (PCE) P

Tidbits Markets: November soybean futures lost nearly 30¢ and corn lost 9¢ Wednesday as some weather forecasts indicated rain relief for the Western Corn Belt with widespread rains into the early part of next week, with heaviest amounts seen for Iowa, Southern Minnesota and Northern Illinois. Those areas could see 1.25 inches to over 2 inches by Tuesday, based on a National Weather Service five-day outlook. Frankly, we cannot find a NWS five-day outlook with that prediction.

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 Just before the CBOT trading day ends today, the Federal Reserve will announce its decision on interest rate change. The CME's Fed Watch Tool shows the market has priced-in a 29.4% chance of a rate hike. Flash sale: Yesterday morning, the USDA announced the sale of 197,272 mts of new crop corn to unknown. When a sales tonnage is not an even thousand mts, it means the grain is going to be shipped by train. Modern rail hopper cars have a maximum gross weight of 286,000

Tidbits The Strait of Hormuz status is disputed: Iran claims it is closed, while the United States insists it remains open. Actual traffic through the strait is severely reduced to a fraction of normal capacity as hundreds of vessels wait or are bypassing standard tracking amid expensive war-risk insurance premiums. Crude Oil was sharply lower early Monday after the U.S. paused its bombing campaign against Iran over the weekend. On Sunday, Iran said it will halt its own ​atta

Tidbits The National Weather Service forecast issued last evening for the next two weeks sees above normal temperatures for most of the 48 states and below normal rainfall extending from the PNW to the Western Corn Belt. Over the weekend, wildfire outbreaks continue to rage in the PNW. Hundreds of thousands of acres have burned across Washington and Oregon alone. Wheat: The North Dakota wheat tour projected a 48 bushel spring wheat yield. USDA is at 58 bushels yield for the

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 51,947, -199 points for the week. Crude oil settled at $90.47, +8.00. Dollar Index settled at 101.46, +0.71. Baltic Dry Index (a shipping freight-cost index) settled at 2,743, -9. Corn September futures settled at $4.64¼, +19½¢ for the week. December co

Tidbits Grain producers around the world have had difficulty making a profit the past three years. Several countries have a large increase in farm bankruptcies in 2026. While the current financial problems are not nearly as widespread as they were in the 1980’s, for operations in financial stress, that fact does not make them feel any better. In the 1980’s, from a debt to asset perspective, there were tens of thousands of farmers “underwater.” They could not borrow ope

Tidbits Yesterday's mid-day price slump on the CBOT was nothing more than the market taking some profit after several days of gains. The tariffs announcement probably contributed to that. All three commodities traded lower. Only wheat settled lower, but it had gained the most in recent days. Flash sales: Yesterday, the USDA announced the sale of 126,000 mt of new crop soybeans to unknown. The Spring Wheat Tour on Day Two saw an average yield of 48.1 bushels per acre in northw

Tidbits The first case of Southern Rust in Iowa this season was confirmed Tuesday morning in a Benton County corn field, according to Iowa State University Extension. The Wheat Quality Council's spring wheat tour estimated North Dakota's spring crop at 45.9 bushels per acre, down from 49.8 last year. U.S. crude oil inventories rose by 2 million barrels in the week ended July 17, compared with market expectations for a 1.25 million-barrel draw. National gasoline stocks rose by

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 Weather: Crop Prophet reported yesterday afternoon all three major forecast models place the Western Corn Belt on the warmer and drier side of normal through early August. Russian wheat production estimate was reduced by SovEcon by 0.6 million to 88.3 million mts. This is now just below the USDA’s forecast of 88.5 million mts. Brazil’s CONAB estimated 97% of Brazil’s wheat area has been planted as of July 19, matching the five-year average. CONAB is estimating Brazil’

Tidbits Markets: August CBOT options expire Friday. Corn, soybeans, and wheat all gapped higher on the opening Sunday evening; wheat filled the gap and closed lower on Monday. Corn and beans did not fill the gap on Monday, but corn filled it on Tuesday. November soybeans finally made a new contract high by 18¢ at $12.32 and settled up 23¼¢. To learn what the significance of gaps, go to: https://www.wrightonthemarket.com/post/gaps-and-how-to-use-them For a reference, December

Tidbits Given the news, if November beans do not trade above the May high of $12.14 today, it is not going to happen. Doug Meyer of Southeast Nebraska wrote on Saturday afternoon: "The I-29 corridor from Southeast Nebraska to Southwest Iowa to Fargo from Saturday to Saturday: I’ve never seen corn and soybeans go backwards so fast. Going to be interesting to see what tip back takes off yield if it rains soon. Corn is toast in a week without it." 247AG Sunday Afternoon: He

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 52,146, -491 points for the week. Crude oil settled at $82.47, +10.96. Dollar Index settled at 100.75, -0.21. Baltic Dry Index (a shipping freight-cost index) settled at 2,752, -192. Corn September futures settled at $4.44¾, +5¼¢ for the week. December

Tidbits Weather: Contrary to most private forecasts, the National Weather Service and 247AG predicted Saturday evening that extreme heat will return next weekend to the Central and Western Corn Belt with normal rainfall amounts. Ukraine: There are rumors that corn and wheat exporters in Ukraine will declare force majeure in Ukraine due to war damage to their grain handling equipment. “Force majeure” is a term used in contracts allowing either party to legally break th

Tidbits Flash sales: Yesterday morning, USDA announced the sale of: 340,000 mts of new crop soybeans to China 256,634 mts of new crop soybeans to Mexico 110,000 mts of new crop soybeans to unknown The International Grains Council (IGC), in its latest Grain Market Report, sees global grains crop dropping by 2.7% (69 million mts) from last year’s record of 2.49 billion mts. Much of the fall is reflected in smaller anticipated corn and wheat crops, but with oats, sorghum and rye

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