BASIC & RECENT MARKET INFO

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), fuel , fertilizers for past week Wednesday to Tuesday. Read about our approach to this report here . We discussed 2025 corn and soybeans marketing plan  on March 23. Refer to our daily mailing on that day or this post  on the website. Corn Corn  situation after the close Tuesday, March

Highlights Pro Farmer released their U.S. planting projections  on Friday. They expect 3.5% more corn acres at 93.75 million acres and a 2.4% decrease in soybean acres to 85 million. Spring wheat acres are expected to be down while durum wheat may see a slight increase in plantings. They see total wheat at 45.5 million acres, down 1.5% from last year. Some other surveys showed estimates about 95.4 million of corn and 82.75 million of soybeans. The CHS outlook for U.S. spring

Tidbits Canadian Prime Minister Mark Carney  asked for the dissolution of Parliament, triggering a snap federal election for 28 April. Another variable to deal with is the trade and tariff debate.   Mike Lee is a British agronomist who works in the Black Sea  area, “The Breadbasket of the World.” We have exchanged some information with Mike for more than 20 years. Here is a 4-minute audio discussing the wheat crop condition in that area: https://www.youtube.com/watch?v=C4_kHc

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,985, +497.16points for the week. Crude oil  settled at $68.29, +1.10. Dollar Index  settled at 104.15, +0.41. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,643, -26 for the week. Corn May futures  at $4.64¼, +5¾¢ for the week. December futures at $4.51, steady for the week. Basis   (K = May; e.g. 10K means 10¢ over May f

2025 Soybean Market Plan: Specific Reasons and Steps The number of days that November soybeans traded into the top 25% of each calendar year’s price range: 2024 — 83        2023 — 65 2022 — 43 2021 — 31     The number of days that November soybeans traded into the top 25% year’s price range after 21 June: 2024 — 0        2023 — 37 2022 — 3 2021 — 8

Highlights Eduardo Vanin of AgrInvest Commodities in Brazil about the U.S. corn  outlook written Wednesday afternoon: "The short-term fundamentals of American corn are still positive. American corn is the most competitive in most destinations. The market is no longer looking at this, but at the increase in supply for the 2025-26 season. This week, corn offered by the PNW gained two more tenders in South Korea. Sales should continue to be good, but some factors are starting to

Highlights Crude oil  was higher yesterday in past because of this press release yesterday morning from the U.S. Treasury : Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a “teapot” oil refinery and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including from vessels linked to the Foreign Terrorist Organization, Ansarallah, commonly known as the Houthis, and

By Roger Wright. Sent to Wright on the Market Clients 9 February 2025 The big spec funds (aka managed money) have bought a very large...

Tidbits Federal Reserve  Chairman Jerome Powell said yesterday afternoon interest rates will not be changed this month, but he weighed in on the state of the US economy. His outlook was not reassuring, which was not a surprise knowing he hates Trump. Powell said Trump’s policies are one reason why inflation is reigniting. Powell said the Fed sharply reduced its 2025 growth projection for the U.S. economy and noted that uncertainty around the slowing economy is increasing. Pow

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), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, March 18 , 2025: May corn settled yesterday at $4.58¾, -11½¢ since last Tuesday. Tue

Highlights Putin and Trump talked for more than 2 hours yesterday. Putin told Trump that a complete cessation of military aid to Kyiv is the key condition for resolving the conflict in Ukraine, according to TASS, the Russian news service. Putin also noted the serious risks associated with the non-agreement of Kiev, which has already repeatedly sabotaged and violated the agreements reached.   Putin has agreed to an initial "energy and infrastructure" ceasefire, to be followed

Tidbits President Trump and President Putin are scheduled to have a phone conversation this morning regarding the negotiations of a ceasefire and possibly the end to the Ukraine/Russia  war. The discussion will be centered on the allocation of assets, primarily of land and power plants that must be settled before a lasting peace can be maintained. Mark Carney was sworn in as the first new Canadian prime minister  in nine years on Friday. He visited the UK and France as his fi

Price of Crude Oil May Be Going Up Last week, the Iranian-backed Houthis said they would resume attacks on Israeli vessels sailing off the coast of Yemen in response to Israel’s latest blockade on Gaza. The Houthis' warning affected the Red Sea, the Gulf of Aden, the Bab el-Mandeb Strait and the Arabian Sea.   President Trump ordered a series of airstrikes on the Houthi-held areas in Yemen on Saturday, promising to use “overwhelming lethal force” until Iranian-backed Houthi r

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,488, -1,313.53 points for the week. Crude oil  settled at $67.19, +0.14. Dollar Index  settled at 103.74, -0.17. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,669, +269 for the week. Corn May futures  at $4.58½, -10¾¢ for the week. December futures at $4.51, -3¼¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over Ma

World corn supplies are smaller compared to usage than they have been for at least 8 years and significantly tighter than they were in 2022 when July corn traded to $8.24 on 29 April 2022 and December corn traded to $7.66 on 16 May 2022.   The U.S. corn carryover in April of 2022 was projected by USDA to be 35 days’ worth of use. The world carryover that month was projected to be a 93 day supply.           When the 2022-23 marketing year numbers were all settled two years lat

Tidbits Yesterday morning, the USDA announced the sale  of 218,604 mts of old crop corn to unknown and 20,000 mts of old crop soybean oil to unknown.   Karen Braun , Global Ag Analyst and Reporter for Reuters News Service reported the following on Thursday: "According to its own statistics agency, CONAB, Brazil’s corn supplies, as of a few weeks ago, hit the lowest level in at least 25 years.   But the USDA does not expect a scenario like that to unfold until early next year.

Highlights CONAB ( Brazil’s  USDA) updated its production estimates yesterday (all numbers are million mts): Soybeans: 167.369, up 1.346 from last month (USDA 169) All Corn: 122.760, up 440,000 (USDA 126) Second crop corn: 95.515, down 533,000 (USDA NA) The basis for corn, soybean, and soybean meal in Brazil was firmer yesterday despite the higher futures prices.   In Argentina , the Rosario Stock Exchange has once again reduced its projection for the corn harvest by 1.5 mill

Highlights Corn deliveries on March futures have been zero since 7 March, so a search for a reason for yesterday’s 14¢ loss on May corn by late morning found no fundamental reason other than the price of eggs had fallen from $8.17 earlier this month to $5.51 yesterday according to the USDA, which reported the egg inventory increased 5.2% the past week. A bit later, we learned ethanol production was down 31,000 barrels per day from last week, but still above 1.06 million barre

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), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, March 11 , 2025: May corn settled yesterday at $4.70¼, +18¾¢ since last Tuesday. Tue

Highlights The USDA could have and should have increased corn exports and ethanol use on yesterday’s S&D, but it did not, as we predicted. If you noted our summary chart of weekly exports inspections we send you every Tuesday, yesterday’s chart showed you the USDA projects corn exports this marketing year to be 6.9% more than a year ago, but with half the marketing year still ahead of us, corn exports are running 38% ahead of year ago. We know corn exports will slow down in t