Grain Marketing Education, News & Strategies

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. 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 s

Tidbits July CBOT options expire Friday. All long July futures and July basis contracts must be liquidated or rolled no later than Monday to avoid any possibility of being assigned delivery. July corn was a bit stronger than September corn yesterday. That is good if you have July futures or basis contracts to roll to September. Flash sales: Yesterday morning, the USDA reported the sale of 30,000 mt of old crop corn and 70,000 mts of new crop corn to Mexico. Livestock: The num

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. The Dow Jones Index settled on Friday at 51,565, +362 points for the week, then 51,712 on Monday. Crude oil settled at $77.54, -6.75, then to $74.82 on Monday. Dollar Index settled at 100.76, +0.95, then to 101.02 on Monday. Baltic Dry Index (a shipping freight-cost index) settled at 2,722, -9

Tidbits Brazil: Safras & Mercado lowered their Brazilian corn production forecast 200,000 mts to 139.9 million mts, still slightly above the USDA estimate of 138 million mts. IMEA reports the 2nd corn harvest in Mato Grosso has reached 21% vs. only 14% a year ago, however behind the historical average of 23%. AgRural reports that across Brazil 2nd crop harvest has reached 16% just above the year ago pace of 13%. Argentine corn harvest has reached 48% while the Buenos Aires Gr

The continuation daily soft wheat chart will roll to the September contract this week. This is the process wherein the majority of the fund money flattens their July contracts, then enters the September, either long or short. The September contract is trading about a dime higher than July. The market has so far backfilled 62.5 percent of the entire rally which began last January. The 62% Fibonacci correction is frequently an area on the chart that attracts buying after a dow

Tidbits The Corn Belt weather a week from now is going to be hot and wet. Iran: President Trump threatened to restart war with Iran on Sunday even as Vice President JD Vance met Iranian officials for the first talks under an interim peace deal that was overshadowed by Tehran's announcement it had again closed the Strait of Hormuz. Q&A: Inflation Hyperinflation: Gilbert asked when will we see hyperinflation? Economists follow Philip Cagan's classic definition of hyperinfla

World Free-On-Board Grain & Oilseed Prices for June 20, 2026

Tidbits The Heart of the Midwest is having some rough weather this morning. Be careful and be safe! Weekly Basis: Because Friday was a Federal holiday, the Commodity Futures Trading Commission (CFTC) did not issue its weekly Commitment of Traders (COT) report. The COT will be issued on Monday afternoon. Therefore, our Weekly Basis report will be issued Tuesday morning. December corn made its high for the year on this date in 2023 at $6.29¾. The U.S. new crop corn carryo

Tidbits Baker Hughes reported there were 563 oil and gas drilling rigs in operation last week in the USA. That is 1 more than last week and 9 more than a year ago. Canada had 186 rigs drilling this past week, 6 more than the previous week and 47 more than a year ago! CGB at Gladstone Bluff, Illinois (on The River) Friday evening compared to last week: Corn spot delivery: -16N (16 under July), 2¢ weaker = $4.02 Fall delivery: -32Z (32 under December), steady = $4.12 Soybean

Tidbits The CBOT futures markets are closed today for Juneteenth Day. They will reopen Sunday evening at usual times. Flash sales: Yesterday morning, the USDA announced the sales of: 132,000 mts of new crop soybeans to China 120,000 mts of new crop soybeans to unknown 285,775 mt of new crop corn to Mexico Algeria bought between 800-850,000 mts of milling wheat yesterday at $265/mt CFR (Cost and Freight) for August shipment. The grain is likely sourced from the Black Sea and E

Tidbits The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with the U.S. President threatening to resume attacks and kill Iranian officials if they failed to honour their ​commitments. Iran's leaders did not address the new threats. The memorandum of understanding stipulates that the Strait of Hormuz will reopen, with Iran agreeing to allow “safe passage of commercial vessels with no charge for 60 days only,

This article continues the discussion of how to use put options to make more profit through better marketing. Previous articles were educational of what are commodity options, how their values change in relation to the under lying futures contract, how put options can be used as the primary grain marketing tool or as a secondary marketing tool to add value to a HTA or forward contract. This week, we shift to the process of how to liquidate the put option position at optimum v

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. 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 s

Tidbits After the CBOT breakfast break yesterday morning, corn, wheat, and beans jumped sharply higher for no apparent reason. More than an hour later, Eduardo Vanin of AgrInvest Commodities reported that China was rumored to be asking for quotes on U.S. soybeans for Oct to Mar shipment because Brazil’s FOB quotes were so much higher than they were a year ago for the same shipment period. DTN reports old crop corn basis is perking up in the PNW for July-Sep +130 to +135; June

Market Comment The grain futures will not trade this Friday, 19 June for Juneteenth Day. After this week’s three day weekend, two weeks later will be another three day weekend with the 4th of July. July grain options expire on 26 June, that is a week from this Friday. Long July futures and basis contracts must be rolled or cashed out by the close of business on Monday 29 June. Your grain merchandiser may have house rules that require July basis contracts rolled or liquidated

Both the corn and soybean markets traded to lower prices for the move, yet closed higher than Friday's settlement, on Monday. This is bullish price action - just 1 day, but it has meaning in the larger context. Corn has retraced 85% of the up move as of Monday. Soybeans also sold off, then touched and reversed hard on the steeper up trendline shown on the chart. Potatoes: At 370 million tons, potatoes are the eighth largest of the world’s agricultural products, thriving in di

Iran Yesterday at 5:29 PM Eastern Daylight time Donald Trump announced that the agreement between Iran and the U.S. has been concluded. This was also reported by Pakistani Prime Minister Shahbaz Sharif: "After intensive negotiations, we are pleased to announce that a peace agreement between the US and Iran has been reached. Both sides have announced an immediate and final cessation of military operations on all fronts, including in Lebanon. The official signing ceremony wil

World Free-On-Board Grain & Oilseed Prices for June 13, 2026

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. The Dow Jones Index settled on Friday at 51,202, +335 points for the week. Crude oil settled at $84.29, -5.96. Dollar Index settled at 99.81, -0.26. Baltic Dry Index (a shipping freight-cost index) settled at 2,818, -163. Corn July futures settled at $4.12¾, -4¾¢ for the week. December corn se

Tidbits Iran: Reuters News Service reported yesterday afternoon: U.S. President Donald Trump and mediator Pakistan said on Saturday an initial deal to end the war in the Middle East would be signed on Sunday, although Iran denied the signing would take place so soon. Pakistani Prime Minister Shehbaz Sharif said the two sides had agreed on a framework for a peace deal and that Islamabad was preparing for an electronic signing on Sunday, ‌to be followed by technical-level talks