BASIC & RECENT MARKET INFO

Dec Wheat - 0.50 Lower Dec Corn - 0.50 Lower Dec Bean Oil - 0.05 Lower Jan Beans - 0.75 Higher tp 0.25 Lower Jan Crude price - 59.73, up 0.11 S&P price - 6783.50, up 29.25 There have been 6 Corn Belt wide droughts since 1900. They were in 1934, 1936, 1980, 1983, 1988, and 2012. There have been 6 Corn Belt wide droughts since 1900. They were in 1934, 1936, 1980, 1983, 1988, and 2012. For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no

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. Dow Jones  Industrial Average Index settled on Friday at 46,987, -576 points for the week. Crude oil  settled at $59.84, -1.04. Dollar Index  settled at 99.56, -0.16. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,104, +138. Corn December futures settled at $4.27¼, -4¼¢ for th

Market Plan Utilizing Put Options Last weekend, we presented a market plan to lock in a floor price for soybeans near breakeven at no cost upfront while using puts options to capture further price gains should additional price gains become available.   A feature of that plan is it removes all stress from catching a price near or even above the high for the year.   The first step is to use a HTA to lock-in a floor price. Then place open orders to buy puts at ever higher strike

December Crude Oil marked its high 4 cents below the 60.50 resistance level, then sold off about 1.15 bucks from the low to the high price print. Jan support - 59.20, 58.50 Jan resistance - 60.30, 61.15 January Soybeans traded in between support and resistance while gaining 9.75 cents for the day. support - 1110.00, 1103.50, 1091 resistance - 1127.00, 1137.00 December Corn marked its low 1 tick above the 426.50 number, after selling down about 3.75 cents from the morning high

Tidbits The USDA  will issue its first S&D in two months on Friday, 14 November. The biggest question is what will the corn yield be? Estimates: StoneX: 186 Dr. Cordonnier: 181 Pro Farmer: 182.7 S&P Global: 189.1 Farm Journal: 178.5 Informa: 185 Bloomberg: 185 ADM Investor Services: 180   Note that all of those estimates at 185 or more serve clients who are grain merchants or end users. ADM Investor Services is a wholly owned subsidiary of ADM but supposedly operates independ

Tidbits China purchased earlier this week one Panamax load of 60,000 mts of soft white wheat and another 60,000 mts of spring wheat according to traders in the export business, as Reuters reported yesterday. Delivery will be in December. “The expectation of an event will move the market more than confirmation of an event” is a fancy way to say, “Buy the rumor and sell the fact.”  The rumor the past two weeks was China will buy U.S. wheat. That rumor had Soft Red Winter Wheat

Dec Wheat - Steady Dec Corn - 1.00 Higher to 0.75 Lower Dec Bean Oil - 0.07 Lower Jan Beans - 0.50 Higher to 1.00 Lower December Crude Oil marked its low price 3 cents above the 58.80 support level, after selling off almost 1.70 bucks from the early morning high to the low price print. support - 58.80, 57.90 resistance - 60.50, 61.20 January Soybeans lost 26.25 cents on the day, falling below nearby support and nearly testing old support in the 1101.00 area. support - 1101.00

A trend direction can be bullish or up, bearish or down, or sideways. Also, longer trends have more power and contain smaller trends. Primary trend lasts about a year or more, secondary trend takes a month to several months, and a minor trend goes for days to weeks. Take a look at this 2025 corn chart illustration: However, it is easier to say what the trend was rather than to decide what phase it is now or when it is likely to change. Our friend Allen Gard with Clear Focus H

Tidbits Corn: There were multiple reports that farmer sales of corn increased yesterday. December corn has tested the 200 day moving average 2 of the last 5 days. That moving average line is at $4.36½ today. Dec corn has been below the 200 day moving average since 6 June. So it is major technical resistance! We do expect corn and beans to weaken in the coming days because Friday next week is the first S&D from USDA in two months. Shutdown: Reportedly 8 Democrat senators have

Dec Wheat - 0.75 Lower Dec Corn - Steady to 1.00 Lower Dec Bean Oil - 0.06 Higher Jan Beans - Steady to 0.50 Lower December Crude Oil marked its low price 38 cents below the 59.95 support level, after selling off about 1.40 bucks from the high to the low price print. support - 59.50, 58.80 resistance - 60.85-61.10, 61.50 January Soybeans marked the high price 2.00 cents beyond the 1135.00 resistance number, after rallying about 21.00 cents from last night's open/low to the hi

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 here . 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, cha

Tidbits The price of U.S. beans at the Gulf plus freight to China was $496 per mt on Friday, while beans from Brazil plus freight to China were $494. Monday evening, Gulf beans plus freight to China were $510 and Brazil beans were $492. China reportedly bought seven Panamax shiploads of U.S. soybeans last week, the first U.S. beans to China this year. Over the weekend, China bought 20 shiploads of beans from Brazil. Thus, China has bought about 420,000 mts of U.S. beans and h

Dec Wheat - 0.25 Higher Dec Corn - 0.25 to 1.00 Lower Dec Bean Oil - 0.07 Higher Jan Beans - 1.25 Lower December Crude Oil marked its low 6 cents below the 60.00 support level, after falling about 1.07 Dollars from the opening/high last night to the low during the early morning. support - 59.95, 58.90 resistance - 61.50, 62.60 January Soybeans marked the low price 2.00 cents below the 1114.50 support number, after selling off about 22.50 cents from the opening/high price to t

Tidbits China bought 20 shiploads of Brazil’s soybeans over the weekend.   Bloomberg reported that China is seeking U.S. wheat offers for December through February shipment. That supported corn yesterday. The U.S. will suspend port fees for a year on China-linked vessels starting November 10 as part of deescalating maritime tensions, Bloomberg reports. The White House says the pause of measures aimed at countering China’s shipping dominance will last one year while the U.S. n

Dec Wheat - 1.25 Higher Dec Corn - 0.50 Higher to 0.75 Lower Dec Bean Oil - 0.10 Higher Jan Beans - Steady to 1.00 Lower December Crude Oil marked its high price 10 cents above the 61.40 resistance level, then sold off about a buck from the high to the low. support - 60.50, 60.00, 59.60 resistance - 61.50, 62.10, 62.60 January Soybeans marked the high price 4.75 cents above the 1131.00 resistance number, while gaining 19.25 cents on the day. There is a large gap overhead from

Tidbits Crude oil:  Yesterday OPEC+ agreed to maintain its 137,000 million barrels per day oil production increase for December, but decided to pause production increases for the first three months of 2026.   Trump said late Thursday Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum are working to finalize an agreement that would see China make a “very large transaction” of Alaskan oil and gas.   Ukraine:  CNN reported that the Pentagon has approved t

World Free-On-Board Grain & Oilseed Prices for November 1, 2025

Dec Wheat - Steady Dec Corn - 0.50 Lower Dec Bean Oil - 0.05 Lower Jan Beans - 0.25 to 1.25 Lower Crude price - 61.35, up 0.37 S&P price - 6895.00, up 21.00 China: China consumes 30% of the world’s annual soybean meal production. For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: ...

December Crude Oil marked its high price 8 cents above the 61.30 resistance level, after rallying about 1.40 from the low to the high price print. support - 60.25, 59.55 resistance - 61.40, 62.10 January Soybeans marked the high price 3 ticks above the 1115.00 resistance price, after rallying almost 15.00 cents from the low to the high print. support - 1100.00, 1091.00 resistance - 1131.00, 1155.00 December Corn marked its low price 1.00 cent below the 427.50 support number,

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. Dow Jones  Industrial Average Index settled on Friday at 47,563, +356 points for the week. Crude oil  settled at $60.88, -0.56. Dollar Index  settled at 99.72, +0.78. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,966, -25. Corn December futures settled at $4.31½, +8¼¢ for the