BASIC & RECENT MARKET INFO

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

Soybeans Market & Risk Management There are three primary reasons farmers sell corn, wheat, and beans when they do.   The most common reason is farmers sell grain when they need the money. Since most farmers need money about the same time, that is why the lows are made as farmers sell about three-fourths of their grain in the bottom fourth of the year's price range.   The second reason farmers sell grain is because the price is profitable, so they sell some grain and hold bac

Tidbits Soybean export:  CHS reports that China bought at least four cargoes of soybeans on Friday. Shipments are scheduled for December and January and will originate from both the PNW and the Gulf.   A trader with “inside” connections says the USDA has 20 million mts of soybean exports to China plugged into the S&D for this marketing year. If so, the China deal will not result in an increase in exports on the next USDA S&D.   OPEC  will meet tomorrow to discuss December pro

Tidbits The government shutdown has reached day 30, approaching the record. The longest shutdown in U.S. history of 35 days occurred during Donald Trump's first presidency in 2019. The ongoing one has already cost the U.S. economy $7-14 billion, according to a new report from the nonpartisan Congressional Budget Office. Medicine:  Farmers and ranchers could face a major premium hike as expanded Affordable Care Act (ACA) tax credits expire at year’s end unless Congress acts. W

Dec Wheat - Steady Dec Corn - 0.25 to 1.00 Lower Dec Bean Oil - Steady Jan Beans - Steady to 1.00 Lower December Crude Oil marked its low price 9 cents above the 59.55 support level, then rallied about 1.10-1.15 bucks. support - 59.60, 58.35 resistance - 61.30, 62.10 January Soybeans marked an early high in the trading session 2.50 cents below the 1108.00 resistance price, then sold off about 35.00 cents to test the lower support at the top of the gap around the 1070.00 level

Tidbits The meeting between Trump and Xi Jinping lasted approximately 1 hour and 40 minutes. At the start of the talks, Trump stated that Beijing and Washington had already reached agreement on many issues and would continue this work during the summit. Following the talks, Trump headed straight to his special plane without making a joint statement. Trump’s comments on board Air Force One were the first we got on how these talks progressed. There has been no official statemen

Dec Wheat - 1.00 Higher Dec Corn - 0.50 Higher to 0.50 Lower Dec Bean Oil - Steady Jan Beans - 3.25 Lower December Crude Oil marked its low price 7 cents above the 59.65 support level, then rallied about 1.30 bucks from the low to the high price print, which was 22 cents above the 60.80 resistance number. support - 59.55, 58.35 resistance - 61.30, 62.05 January Soybeans marked the low price 2.75 cents above the 1082.50 support number, then rallied about 13.00 cents from the l

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 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 sales size or

Tidbits We have added pricing comments for soybeans & fuel to the Weekly Summary & Recommendations, make sure to take a look. U.S.-China: President Trump and Chinese President Xi Jinping will meet Thursday in Asia. That means they will talk while Americans are sleeping. The Wall Street Journal reports the U.S. and China have agreed to reduce port fees on vessels over 80,000 mts, which was a major point of contention. Most grain is shipped in Panamax vessels which gross 55,000

Dec Wheat - 1.00 Higher Dec Corn - 0.75 Lower Dec Bean Oil - Steady Jan Beans - 2.25 Lower December Crude Oil marked its low price 11 cents above the 59.65 support level, after selling off about 1.75 Dollars from the open/high to the low price print later in the session. support - 59.65, 58.35 resistance - 60.80, 61.40 January Soybeans marked the low price 2.00 cents above the 1081.00 support number, then rallied about 26.00 cents to the high, which fell in between the 2 resi

Tidbits December oats  settled 12 cents lower Monday. Oats are a feed grain and so is corn. Oats knows! Сrop progress estimates  were released by Reuters as of 10/26/25: the corn harvest is estimated at 72% with a range of 67-80%, soybean harvest at 84% complete with a range of 80-88%, and winter wheat planting 84% complete with a range of 81-89%. Dr. Michael Cordonnier left his U.S. corn and soybean yield estimates unchanged at 181 bpa and 52 bpa respectively. He projects th

Dec Wheat - Steady to 0.50 Lower Dec Corn - Steady to 1.00 Lower Dec Bean Oil - 0.10 Lower Jan Beans - 0.75 to 1.25 Lower December Crude Oil traded in between both support and resistance, and was down 0.12 at 61.38 at the time of this writing. support - 60.65-60.35, 59.65 resistance - 62.10-62.60, 63.00 January Soybeans rallied past the nearby resistance levels and gained 23.25 cents to end at 1083.50 for the day. support - 1081.00, 1070.00 resistance - 1090.00, 1116.00 Decem

Tidbits Tariffs:  Yesterday, President Trump signed trade deals with Thailand, Malaysia, and Cambodia. Tariffs on most of their exports to the U.S. will remain at 19%. Thailand and Malaysia will increase exports of rare earth minerals to the U.S. while allowing increased access of U.S. products to all three countries' markets.   At the annual summit of the Association of Southeast Asian Nations, President Lula of Brazil and Trump talked for nearly an hour yesterday and indica

World Free-On-Board Grain & Oilseed Prices for October 25, 2025

Dec Wheat - Steady to 1.50 Higher Dec Corn - 0.25 Higher Dec Bean Oil - Steady Jab Beans - 5.00-6.00 Higher Crude price - 61.95, up 0.45 S&P price - 6872.00, up 45.00 Barley was the first grain to be domesticated more than 10,000 years ago in Mesopotamia and Egypt. It became the staple crop for ancient civilizations. 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 new

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 47,207, +1,017 points for the week. Crude oil  settled at $61.44, +3.80. Dollar Index  settled at 98.94, +0.40. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,991, -78. Corn December futures settled at $4.23¼, +¾¢ for the week. Basis   (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cas

Tidbits Tariffs & Trade:  President Trump announced yesterday that he will increase tariffs on Canada by 10% after he accused the provincial government of Ontario of producing an ad campaign that misrepresented former President Reagan’s speech on tariffs.   The ad campaign, which aired during the World Series games in Toronto Friday evening, Trump said was aimed to influence the upcoming U.S. Supreme Court hearing on his administration’s tariffs. Ontario Premier Doug Ford agr

December Crude Oil marked its high 4 cents above the 62.55 resistance level, after rallying about 1.40 bucks from the open/low price to the high price print. support - 61.10, 59.70 resistance - 62.90, 63.40 January Soybeans traded in a tight 4.50 cent range, while remaining in between the support and resistance numbers. support - 1056.50, 1053.00, 1044.00 resistance - 1066.50, 1072.00 December Corn marked its low price 3 ticks above the 422.25 support price, after selling off

Tidbits Venezuela : The Pentagon announced yesterday the aircraft carrier USS Gerald R. Ford with its Strike Group has been ordered to Latin America to target drug trafficking organizations, marking a significant increase of the U.S. military buildup in the Latin American region.     U.S. Economy:  Markets have priced-in nearly a 99% probability the Federal Reserve will reduce the Fed Fund interest rate 25 basis points (a quarter of a percent) next week, with similar odds for

Tidbits Chinese and U.S.  officials will be meeting this weekend to prepare the agenda for next Thursday’s meeting of Trump and Xi to discuss “important issues”. Yesterday afternoon, Reuters reported that the Chinese oil majors have suspended purchases of Russian oil due to the U.S. sanctions. It seems like questionable news, because yesterday, commenting on U.S. sanctions against Russian oil companies, a representative of the Chinese Foreign Ministry stated at a briefing tha