BASIC & RECENT MARKET INFO

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

The numbers were: Friendly Corn Friendly Soybeans Negative Wheat     10 Minutes After the Report: May Corn +1.5 Dec corn -0.25 May beans...

Highlights At 11 AM Central Time, the USDA will release its March S&D. It will be neutral for the market at the worst. Despite all the tariff rhetoric yesterday, the big news was the corn weekly export inspections. CHS summed it up this way:  “ Corn inspections were outstanding with the total setting a marketing year high. Inspections have been above one million tons for nine consecutive weeks. This is also the ninth week in a row where corn inspections have been above both l

Highlights On Saturday, China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products, retaliating against Canadian tariffs introduced in October. The tariffs are scheduled to take effect on 20 March and they match the 100% and 25% import duties Canada slapped on China-made electric vehicles, steel, and aluminum products. Canola was excluded from a China tariff, which was one of Canada's top exports to the world's top agricultural importer pri

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,802, -1,039.19 points for the week. Crude oil  settled at $67.05, -2.90. Dollar Index  settled at 103.91, -3.65. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,400, +171 for the week. Corn May futures  at $4.69¼, -¼¢ for the week. December futures at $4.54¼, -¾¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May

Highlights The planting of second-crop corn in Mato Grosso, Brazil’s  leading corn and soybean producing state, advanced by 11.5% this past week, reaching 96.5% of the projected area. The current pace is close to that of last year’s 97.81% and is still above the average of the last five years, 92.64%.   The summer corn harvest in the far southern state of Rio Grande do Sul   is 68% complete, according to Emater. The first corn sown in October were harvested with decent yields

Highlights AgrInvest Commodities cash grain trader for exports, Eduardo Vanin , yesterday morning: "The soybean basis rally continues. For May, at +75sk (75¢ over May soybean futures)  new highs, +50¢ per bushel from last week. This is one of the most aggressive weekly rallies I have ever seen. The April/May cash price is nearly equal to the June/July (very little carry) ."   Earlier this week, a conveyor belt system collapsed  at the TGPM grain loading port terminal at the B

Highlights Early yesterday afternoon, President Trump said, "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA Agreement until April 2nd.   Mexico’s President Sheinbaum said, "We had an excellent and respectful call in which we agreed that our work and collaboration have yielded unprecedented results, within the framework of respect for our sovereignties."   Sheinbaum

Tidbits U.S. Secretary of Commerce Howard Lutnick said President Trump is in constant contact with both Mexico and Canadian officials regarding a possible agreement that would pull the 25% tariffs applied on Tuesday. He said Mexico's team was cooperating; Canada's team not so much.    On Tuesday, the stock markets and crude oil market crashed, in large part, due to a GDP forecasting model used by the Federal Reserve Bank of Atlanta. The dollar is now 104.25 on the index, down

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 4 , 2025: May corn settled yesterday at $4.51½, -42¾¢ since last Tuesday. Tues

Highlights In response to Trump's tariffs that went into effect at 12:01 AM Tuesday, China placed an additional tariff of 15% on U.S. wheat, corn, cotton, chicken and an additional 10% on U.S. soybeans, sorghum, pork, beef and other agricultural products. Also China suspended on Tuesday the soybean import licences of three U.S. firms (CHS Inc, Louis Dreyfus Company Grains Merchandising LLC and export grain terminal operator EGT) and halted imports of U.S. logs, stepping up it

Highlights President Trump will give his State of the Union Address this evening at 8 PM Central Time. He says he will make a major announcement. President Donald Trump announced that the U.S. would impose tariffs on "external" agricultural products starting April 2, urging American farmers to increase domestic production. In a Monday social media post, he stated, “Get ready to start making a lot of agricultural products to be sold INSIDE of the United States.” However, he di

Highlights British Prime Minister Keir Starmer  said yesterday his country will supply Ukraine with 5,000 air defense missiles roughly costing US$2 billion. Starmer hosted a security summit in London Sunday attended by key persons from France, Germany, Denmark, Italy, the Netherlands, Norway, Poland, Spain, Canada, Finland, Sweden, the Czech Republic, Turkey, and Romania. The group will work toward a cease-fire plan to present to the United States as an effort to end the war.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,841, +412.89 points for the week. Crude oil  settled at $69.95, -0.30. Dollar Index  settled at 107.56, +0.92. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,229, +248 for the week. Corn May futures  at $4.69½, -35½¢ for the week. December futures at $4.55, -20¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May

Highlights Mexico said it is willing to raise tariffs  on Chinese goods and buy more from the U.S. to avoid President Trump's 25% tariff, Bloomberg reported late Friday.   Canada and Mexico are feeding Trump evidence of their progress in curbing the flow of fentanyl opioids into the U.S. ahead of the midnight Monday deadline for 25% tariffs on their non-energy imports. Crude oil from Canada is facing a 10% tariff on its 4,000+ barrels per day to the U.S.      Friday’s financi

Highlights The fear of Trump’s tariffs  being applied to U.S. imports from Mexico and Canada stopped and then killed an end-of-the-week, end-of-the-month, profit-taking rally despite a grossly oversold corn market. May corn has lost 46¾¢ the past 8 trading days and settled lower than any day since 9 January.       The Dow was down 140 points early yesterday afternoon but recovered to end the day up 601 points.   Crude oil recovered about half of its early losses, but no recov

Highlights On Wednesday, President Trump postponed for 30 days the 25% tariff on Canadian and Mexican imports scheduled to be applied on 4 March. Yesterday morning, he cancelled the postponement and stated the 25% tariff would go into effect on March 4. He also stated tariffs will increase 10% tomorrow on goods coming from China.   The market’s fear is Mexico, being the number one buyer of U.S. corn, will slap a tariff on U.S. corn imports. That is certainly possible, but Mex

Highlights First thing this morning the USDA will release its projections for 2025  crops and that includes the S&D with acres planted, yields, and price projections. The average estimate for tomorrow’s acreage numbers are 93.6 million for corn, 84.4 million for soybeans, and 46.7 million for wheat. Drew Learner, Senior Agricultural Meteorologist at World Weather expects drier than normal weather for Brazil’s safrinha corn:   “While monsoon precipitation is expected to prevai

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, February 25 , 2025: March corn settled yesterday at $4.79¾, -22¾¢ since last Tuesday

Highlights Corn is pricing-in: The rain that fell in Argentina over the weekend and the heavy rains expected in the next 10 days. While those rains will save a lot of corn, it will not replace the lost yields. Even USDA reduced the Argentine corn production two weeks ago. Those bushels are not coming back. The anticipation of a big increase in 2025 corn acres from the USDA’s Outlook Forum on Thursday. Everyone has been talking about big 2025 corn acres for months. The expecta