BASIC & RECENT MARKET INFO

Sep Wheat - 0.50 Lower Dec Corn - 0.75 to 1.25 Lower Dec Bean Oil - 0.03 Lower Nov Beans - 0.50 to 1.50 Lower September Crude Oil broke...

Tidbits The U.S. struck a framework trade deal with the EU  on Sunday, imposing a 15% import tariff on most EU goods, but averting a spiraling battle between the two economic powers which account for almost a third of global trade. The announcement came after European Commission President Ursula von der Leyen traveled for talks with President Trump at his golf course in Western Scotland. They shook hands on a hard-fought deal.   The deal mirrors key parts of the framework agr

World Free-On-Board Grain & Oilseed Prices for July 26, 2025

Sep Wheat - Steady Dec Corn - Steady to 1.00 Lower Dec Bean Oil - 0.18 Lower Nov Beans - 0.25 Lower to 0.50 Higher Crude price - 65.17,...

September Crude Oil marked it's low 25 cents below the 65.25 support level, after selling off about 1.75 from the high, which was 14...

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 44,902, +560 points for the week. Crude oil  settled at $65.07, -2.23. Dollar Index  settled at 97.67, -0.79. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,257, +205. Corn September futures  settled at $3.99½, -9¢ for the week. December futures settled at $4.19, -8¾¢ for the week. Basis   (U = September; e.g. 10N

Tidbits Of all the railroads, BNSF Railway  (BNSF) originates the most grain carloads. Most of BNSF’s corn shipments are moved by shuttle trains (“shuttles”) made up of 110-120 hopper cars. Powered by a dedicated locomotive, each train moves as a single unit. BNSF’s shuttles are auctioned to shippers for yearlong contracts, during which shippers control where their shuttles load and unload.   BNSF’s shuttle program began shortly after the railroad’s founding in 1995. In 2000,

Tidbits Yesterday morning, the USDA announced the sale  of: 102,870 mts of new crop corn to Mexico 140,000 mts of new crop corn to South Korea 142,500 mts of new crop soybeans to Mexico   While the Chinese  government has yet to issue an official statement, Chinese  importers  have reported to the USDA’s Foreign Agricultural Service that applications for the market-based tariff exclusion will no longer be accepted starting August 1. This includes products like grains, tree nu

Tidbits EPA Director Lee Zeldin announced yesterday that gasoline cans  have been deregulated, issuing letters to manufacturers encouraging them to add vents to gas cans to ensure safe and effective refueling. Old fashioned cans with a vent and a simple threaded lid must now be legal! In 2007, EPA finalized a rule requiring manufacturers to reduce evaporative emissions by sealing in gasoline vapors, which allowed vents as long as they close automatically when not in use. Due

Sep Wheat - 0.25 Lower Dec Corn - 0.50 Lower Dec Bean Oil - 0.08 Lower Nov Beans - 0.25 Lower September Crude Oil marked it's high 11...

Tidbits The lowest September corn  closing prices this year were: $3.98 on 8 July $3.96 on 11 July $3.98½ on 23 July (yesterday)   After closing higher 4 out of 5 days, September corn has closed lower 3 consecutive days: 4¾¢, then 4½ ¢, then ¾¢ yesterday, a total of 10¢ in 3 days. The technical tool, Average Directional Index  (ADX), measures the strength of the trend, not its direction. A rising ADX suggests a strong trend, while a falling ADX indicates a weakening trend or

Sep Wheat - Steady to 0.50 Higher Dec Corn - 0.50 Lower to 0.50 Higher Dec Bean Oil - 0.09 Higher Nov Beans - Steady to 0.75 Higher...

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 and fertilizer 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. We provide three different marketing plans (in ord

Tidbits August CBOT options expire  Friday.   Historical data suggests that poor corn pollination due to heat or drought could result in yield losses ranging from 1.5 bushels per acre per day of extreme heat (95+°F) during pollination which is approximately 0.8-1% per day based on a 182 bushels/acre trend yield. President Trump on Tuesday said the U.S. and Japan  have struck a deal that will lower the hefty tariffs he had threatened to impose on goods from Japan while extract

Sep Wheat - Steady Dec Corn - 0.75 Lower Dec Bean Oil - 0.15 Higher Nov Beans - Steady to 1.00 Lower September Crude Oil marked it's low...

Tidbits Those of you who must deliver corn and beans this fall , if you have not already assessed production in your area versus normal production compared to the fall delivery basis being offered now, get with it. Normally, fall delivery basis needs to be set very late July or the first week of August. The S&P 500 and Nasdaq stock indexes  closed at record highs  yesterday, as optimism over strong corporate earnings outweighed ongoing trade tensions. It is very discouraging

Sep Wheat - Steady Dec Corn - Steady to 1.00 Lower Dec Bean Oil - 0.02 Higher Nov Beans - 1.50 Higher September Crude Oil marked it's low...

Tidbits 247Ag reports Ohio  has set a record for a month's average nighttime temperatures  being the highest ever recorded, which is not good for pollination.   Wells Fargo has suspended all travel to China  after one of its employees was blocked from leaving China, causing broader anxiety about the risks of travel in the country. Wells Fargo's Chenyue Mao was subjected to an exit ban after she entered China in recent weeks.   The Wallstreet Journal said the exit ban demonstr

World Free-On-Board Grain & Oilseed Prices for July 19, 2025

Sep Wheat - 1.00 Higher to 1.00 Lower Dec Corn - Steady Dec Bean Oil - .03 Lower Nov Beans - Steady to 0.75 Lower Crude price - 66.17, up...