BASIC & RECENT MARKET INFO

Dec Wheat - Steady Dec Corn - 0.25 Lower Dec Bean Oil - 0.13 Higher Jan Beans - 0.25 Lower December Crude Oil gained 3.14 for the day after trading through the upper resistance of 61.20. Afterwards, this level became support. support - 61.10, 60.40, 59.70 resistance - 62.55, 66.00 January Soybeans marked the high price 4.25 cents above the 1058 resistance number, seemingly on the way to 1072.00. The rally was about 12.50 cents from the low to the high print. support - 1056.50

Tidbits Yesterday, November bean futures were up 4¢, January beans were up 1½, March beans were down ¼, and May beans were down ¾¢. Corn and wheat had similar action, but not as pronounced. Meaning the spread is going up and that is bullish market action. With November soybean deliveries beginning 8 days, it looks like the big grain companies want soybean deliveries. The FSA  reportedly will reopen offices today to process ARC/PLC payments, farm loans, and disaster programs.

Dec Wheat - 0.25 Higher Dec Corn - Steady Dec Bean Oil - 0.12 Lower Jan Beans - 0.25 Lower December Crude Oil was up 2.56 to 59.80 at the time of this writing while slicing through nearby resistance and re-visiting old resistance in the 59.70 area. support - 59.35, 58.35 resistance - 60.40, 61.20 January Soybeans marked the low price within the bracketed support levels, after selling off about a dime from the high price to the low price print. support - 1045.00, 1042.50, 1036

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 November grain and oilseed options expire this Friday, October 24th.    Deliveries on November soybean futures will start Friday, October 31st. Farm Aid: The U.S. administration is planning to distribute more than $3 billion in aid for farmers and reopen some activities of the USDA amid the ongoing federal shutdown. Ag Secretary Rollins said: "Thursday, USDA will resume Farm Service Agency core operations, including critical services for farm loan processing, ARC/PLC

Dec Wheat - 0.75 Higher Dec Corn - 0.25 Lower Dec Bean Oil - 0.11 Higher Jan Beans - 0.50 Lower December Crude Oil marked its low 5 cents below the 56.40 support level, then rallied about 1.70 bucks from the spike low to the spike high. This type of price action tells us crude is in a sideways back and forth channel. support - 56.35, 55.90 resistance - 58.10, 58.65 January Soybeans marked the high 2 ticks below the 1057.00 resistance number, then corrected down about 10.50 ce

Tidbits Tariffs: The Trump administration began easing tariff policies, making exceptions for goods that cannot be produced, mined, or grown in the USA. The list of exemptions includes gold, LEDs, chemicals, metals, and even aircraft parts. The tariff relief is related to an upcoming Supreme Court case that may declare some duties illegal. Now the Department of Commerce and the U.S. Trade Representative will be able to independently approve tariff relief, which will speed up

Dec Wheat - 0.50 Higher Dec Corn - Steady to 0.75 Higher Dec Bean Oil - Steady Jan Beans - Steady to 0.50 Higher December Crude Oil marked its low price 19 cents below the 56.15 support level, after selling off about 1.50 bucks from the open/high price to the spike low. support - 56.40, 54.80 resistance - 57.50, 58.60 November Soybeans marked the high price 3.75 cents above the upper resistance, after rallying about 13.50 cents from the open/low price to the high print. This

Tidbits Venezuela:  Since 2 September, the U.S. military has destroyed 7 small vessels after leaving Venezuela on course to the U.S. because they purportedly were carrying illegal drugs. One of them was a submarine this past week.   The past two months, the U.S. has moved a considerable amount of military hardware to locations very near Venezuela, including B-2 Stealth bombers and B-52 bombers flying off Venezuela’s coast nearly every day this past week near the two islands w

Dec Wheat - 1.00 Higher Dec Corn - 0.50 Lower Dec Bean Oil - 0.03 Lower Nov Beans - 0.25 Higher Crude Price - 57.14, down 0.01 S&P price - 6708.25, up 5.75 WASDE: The World Agricultural Supply and Demand Estimates (WASDE) board was formed in 1973 as a joint effort of the National Weather Service, World Agricultural Outlook Board (WAOB) and the USDA because of the Great Grain Robbery of 1972. The CIA was tasked with collecting crop information on countries around the world and

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 46,191, +711 points for the week. Crude oil  settled at $57.64, -0.60. Dollar Index  settled at 98.54, -0.31. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,069, +133. Corn December futures settled at $4.22½, +9½¢ for the week. Basis   (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cas

Free DP for Soybeans From Reuters News: In an unusual offer during the peak of autumn harvesting, ADM is allowing farmers to deliver soy to its facility in Decatur, Illinois, and set the final sale price later, without paying for storage, the two sources said.   In exchange, ADM will take ownership of the soybeans, enabling it to process the crops, they added.   ADM’s offer, known as free deferred pricing, will be available to farmers until the end of October, and those who p

December Crude Oil marked its low price 40 cents below the 56.55 support level, then rallied about 1.15 Dollars from the low to the high price print. support - 56.70, 56.15, 54.80 resistance - 58.20-58.50, 59.00 November Soybeans marked the low price 2 ticks above the 1010.00 support number, then rallied about 11.25 cents to 1.50 cents above the 1020.00 resistance price print. support - 1014.50, 1010.50 resistance - 1025.00, 1030.00 December Corn marked its high price 1.25 ce

Tidbits Pre-hedge: Thirty minutes before the CBOT closed yesterday afternoon, December corn was up 2¼¢ and settled up 1¼¢. Not much pre-hedging pressure. Was it because of the weekend rain in the forecast? No late pressure in soybeans futures at all, which would be as expected; essentially bean harvest is over.     Rumor is China will soon auction 3.5 million mts of government owned soybean beans. Historically, China offers government stocks at auction when domestic prices ar

Tidbits The U.S. budget  deficit for fiscal year 2025 narrowed to $1.775 trillion, a decrease of $41 billion from the previous year, driven by record federal receipts, up 6% from 2024. The improvement was supported by record high tariffs and customs revenues. The fiscal year, ending September 30, 2025, covered nearly nine months under the new administration and marked the first annual deficit decline since 2022. After buying $20 billion worth of Argentine pesos on 9 October,

Dec Wheat - 0.25 Lower Dec Corn - 0.25 to 1.00 Lower Dec Bean Oil - Steady to 0.05 Lower Nov Beans - 0.25 Higher December Crude Oil marked its low price 26 cents above the 57.00 support level, after selling off almost 2 bucks from the high to the low price print. support - 56.55, 54.85 resistance - 58.50, 59.00 November Soybeans marked the high in between the 2 stated resistance prices of 1016.00 and 1023.00 at 1019.75, after rallying almost 14.00 cents from the low to the hi

Tidbits Corn basis  continues to firm. Dan reported Heritage Coop in West Central Ohio firmed from -45Z (45¢ under Dec futures) last Friday, to -40Z on Monday, to -37Z yesterday. More than half the corn is still in the field in that area where yields are not as good as expected in early August, but above average. Agronomists have identified the area west of Galesburg, Illinois, including communities of Alexis, Joy, Monmouth, Kirkwood, etc., as the Tarspot Ground Zero of the C

Dec Wheat - 0.25 Higher Dec Corn - 0.50 Higher Dec Bean Oil - Steady Nov Beans - 0.50 Higher to 0.50 Lower December Crude Oil traded in a relatively narrow range of 1.25 bucks, buying up to about 59.00, then selling off to about 57.75 while remaining in between support and resistance. support - 57.00, 56.55 resistance - 59.00, 59.70 November Soybeans marked the low price 1.00 cent above the 1001.00 support level, then rallied almost a dime from the low to the high price print

Tidbits China: About noon Central Time yesterday it was reported: “U.S. Trade Representative Greer says the Trump Administration thinks they will be able to "work through it" with China.” A meeting between President Trump and President Xi has officially been rescheduled. U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil. "I believe that China purposefully not buying our Soybeans,

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