BASIC & RECENT MARKET INFO

Tidbits Mexico  has become the largest buyer of U.S. corn. Trump is increasing pressure on Cuba to cause the communist regime to collapse. Now that Venezuela is not shipping crude to Cuba, Mexico is the largest supplier of crude oil and refined products to Cuba. Mexican President Sheinbaum has said Mexico will continue crude oil shipments to Cuba, saying they are based on long term contracts and considered international aid. However, senior Mexican government sources said the

World Free-On-Board Grain & Oilseed Prices for January 24, 2026

There are 2 technical concepts going on in the soybean market currently: A pattern called a Narrow sideways channel and a market's response to gaps. Soybeans traded in a narrow sideways channel from August 2024, then broke out higher in October 2025. The break higher produced a big gap up on the continuation chart, while also closing a gap to the left on the rally upwards. Gaps are areas on the chart that need to be filled. Therefore, gaps become like a magnet for price - a t

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 49,099, -261 points for the week. Crude oil  settled at $61.28, +1.98. Dollar Index  settled at 97.46, -1.92. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,762, +230. Corn March futures settled at $4.30½, +5¾¢ for the w

Tidbits Canada:  President Trump yesterday afternoon said China was trying to use Canada to evade U.S. tariff. "If Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken. If Canada makes a deal with China, it will immediately be hit with a 100% tariff against all Canadian goods and products coming into the U.S.A."    President Trump also said he will visit China in April and expects Chinese

Tidbits The U.S. Composite Purchasing Manager Index  (PMI) was reported yesterday morning by S&P Global to be 52.8; the market expected 51.9. The “composite” PMI is the manufacturing and service sector combined. A PMI above 50 means purchasing managers plan to buy more supplies for their business in the coming month than they purchased the previous month. It is a forward looking economic indicator.      Crude oil:  A few days ago, the French navy intercepted a shadow fleet ta

Tidbits Flash sale: Yesterday morning the USDA announced the sale of 192,350 mts of old crop soybeans to unknown. Biofuel: Republican U.S. lawmakers plan to create a task force to study potential year-round sales of higher-ethanol E15 gasoline blends in the U.S., after an attempt to pass such legislation in a funding bill this week fell through. Farm groups and Midwest ethanol advocates blasted the decision to form a task force instead of passing legislation, calling it a blo

Tidbits President Trump said yesterday afternoon he will not slap a tariff on any European nations on 1 February who opposed his aggressive efforts to gain control of Greenland. Following a meeting with NATO Secretary General Mark Rutte in Davos, Switzerland yesterday, Trump said they formed the framework of a future deal for Greenland. He said: “I don’t have to use force. I don’t want to use force. I won’t use force.” NATO spokesperson Allison Hart said:  “Discussions among

This is a short overview of what appears to be unfolding in corn, and specifically in March corn, and also a couple of charting (technical) tidbits. The continuation corn chart marked a low in August 2024, rallied into February of 2025, then marked a higher low in August of 2025, followed by a rally into Christmas 2025. Anytime a chart makes a higher low after an extensive selloff, the odds increase that the primary down move is complete. Finally, Corn formed a head and shoul

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 Exports: Yesterday morning, the USDA reported sales of 190,000 mts of old crop soybean meal to the Philippines. News sources indicate China has likely reached its 12 million mts commitment of U.S. soybeans purchases for the 2025/26 marketing year, and that further purchases are unlikely until September unless prices are competitive with South American soybean prices. Most of the volume is heading for reserves and is 47% fewer than China bought in 2024/25. The USDA pur

Tidbits Homeland Energy at Lawler in Northeast Iowa, is allowing contracted corn for February to be delivered now. Another tidbit of bullishness for corn prices. Exports: The U.S. has shipped over 2 million tons of soybeans to Egypt since September, up 43% from the same period last season. That covers more than 40% of Egypt's projected annual imports. The U.S. share increased to 76% from 41% in recent years, while Ukraine's share fell from 33% to 15%. Brazilian beef exports w

Tidbits The EU  is very upset that Trump has put a tariff on all their products shipped to the U.S. until the U.S. gains control of Greenland. The EU is our largest importer of soybean meal. Last year, the EU imported 20.6 million mts of U.S. soybean meal.   The U.S. economy  has two major problems:   Unprofitable grain production for most of the last three years with 2026 looking just as bad or worse.  Datacenters under construction or planned for construction will not have

World Free-On-Board Grain & Oilseed Prices for January 17, 2026

March Wheat - Steady March Corn - Steady to 0.50 Lower March Bean Oil - 0.03 Higher March Beans - 1.50 Lower Crude price - 59.03, down 0.31 S&P price - 6920.00, down 56.75 Bees: Bees pollinate roughly 35% of the world’s food crops. 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: ...

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 49,359, -145 points for the week. Crude oil  settled at $59.3, +0.52. Dollar Index  settled at 99.38, +0.24. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,532, -156. Corn March futures settled at $4.24¾, -21¢ for the we

Tidbits When commodity futures prices add carry (return to storage) for a given commodity, it is telling farmers it will pay farmers to store that commodity. Typically, in a down market, the carry increases. Logically, in an up market, the carry decreases as the market reduces the incentive to store.   In recent years, we have developed a great deal of respect for the changes in the carry as a long-term indicator of the price direction.   Last year, the USDA presented a corn

March Crude Oil marked its low price 6 cents above the 58.75 support level in the overnight trade, then rallied about 1.25 Dollars to the high print during the early morning trade. support - 58.50-58.30, 57.50 resistance - 60.15, 60.90 March Soybeans marked the low price 2 ticks below the 1048.25 support number, then rallied about 11.00 cents to 2 ticks above the 1058.50 resistance point. support - 1047.50, 1042.00 resistance - 1059.50, 1071.00 March Corn marked its low price

Tidbits

March Wheat - Steady to 0.50 Lower March Corn - Steady to 1.25 Lower March Bean Oil - 0.05 Lower March Beans - Steady to 0.75 Lower March Crude Oil marked its low price 37 cents below the 59.15 support level, after selling off about 2.10 bucks from 1 tick above the 61.00 resistance number on the opening bar. support - 58.75, 58.35, 57.90 resistance - 60.60, 61.75 March Soybeans marked the high price 3.25 cents beyond the 1055.00 bracket resistance point, after rallying about