BASIC & RECENT MARKET INFO

Market Comment The USDA will issue its monthly S&D, Quarterly Grains Stocks, final 2023 Crop Production and Actual Planted Acres of Winter Wheat Reports Friday, January 12th.   The market is going to expect an increase in corn and beans yields with possible small increases in demand for corn and beans. The market will not expect a significant decline in the South American crops. USDA simply does not make significant production changes in January for South Hemisphere crops, no

March Wheat - 1 Higher March Corn - Steady to 1 Lower March Soymeal - 0.10 Lower March Beans - Steady February Crude Oil gained 2.60 on...

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, January 2 , 2023: March corn settled on Tuesday at $4.63¾, -16½¢ since last Tuesday. The past 7 days’

Tidbits Dr. Michael Cordonnier reduced his Brazilian soybean production by 2 mil mts to 151 million.   StoneX cut its estimate for Brazil's soybean crop to 152.8 mil mts, down from its previous estimate of 161.9 mil. mts and corn was reduced 1.4 mil. mts to 124.6 mil mts.   Agronomic firm, Pine Agronegócios, reported yesterday: "Harvest of soja in Campo Verde/Mato Grosso an area of 300 ha (741 acres) with a yield of ~20 sacs/ha. (17.81 bu per acre). The region is one of the m

March Wheat - Steady to 1 Higher March Corn - Steady to Mixed March Soymeal - 0.50 Higher March Beans - 1 Lower Today produced the most...

March Wheat - 0.75 Higher March Corn - 0.25 Lower March Soymeal - Steady March Beans - 0.50 Lower

Q&A: Marketing "Hi Roger, I’m a reader of your posts every morning, but can’t seem to get past that most of your posts are bullish, either about weather, war, SAF, drought all over the world, but all we see is sideways or downward movement of the markets. I like to have a positive attitude also, but we missed out on some decent prices to sell our 2023 crop earlier this year because of what your recommendations and posts were saying, I know you can’t hit the highs all the time

By Roger Wright My dad and 16 million other Americans served in the Armed Forces during WWII. He and his brother, Roger, got on the same...

February Crude Oil broke support by about 60 cents on Friday. support - 70.60 69.40 resistance - 74.30 ...

It's our weekly grain market prices and US grain basis analysis and outlook on December 31, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37689.54, +303.57 points for the week. Crude oil  settled at $71.33, -2.16. The Dollar Index  settled at 101.38, -0.33. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2094, steady for the week. Corn March futures  at $4.71¼, -1¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢

Nick and I (Eugene) began learning about the commodities market two years ago with Roger’s and Olga's help. Previously, we had some...

Highlights Reuters News reported that Russia unleashed its biggest air attack of the war on Ukraine on Friday, cities and infrastructure across the country were targeted. Ukraine claims civilian casualties, while Russia says only military facilities were attacked.   It was Russia’s largest aerial attack of the war on Ukraine and wheat closed lower yesterday. What happened to the good ol’ days when market action made some sense occasionally? Did the world forget the Black Sea

Highlights The majority of the weather forecasts predict good rains in the dry soybean areas of Brazil beginning as soon as Sunday. Here is the wettest example: "Widespread rainfall over the past five days across the Brazilian soy belt. Models have accurately predicted relief for crops. GFS calls for high precip volumes coming in the next 10 days, with over 10 inches for Mato Grosso, major producing state. Cooling temperatures are maintaining adequate soil moisture for crops

March Wheat - 0.75 Higher March Corn - 0.25 Higher March Soymeal - 1.0 Higher March Soybeans - Steady to 2 Higher February Crude Oil...

Highlights For nearly two months, weather forecasts have predicted wetter weather “next week” for the dry area of Brazil’s main crop growing area.   A week later, the “wetter weather” is rolled into the following week and the current week remains hot and dry.   This week was widely predicted to be the last week of mostly dry weather and the rains really were expected to fall beginning late this weekend into next week.   During adverse weather which causes crop production prob

March Wheat - 1 to 2 Higher March Corn - 0.5 Lower March Soymeal - 0.1 Higher March Beans - 2 to 3 Lower February Crude Oil marked it's...

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, December 26 , 2023: March corn settled on Tuesday at $4.80¼, +7½¢ since last Tuesday. The past 7 days’

Highlights The claim early yesterday morning that Ukraine’s military attacked a Russian landing ship off the coast of Crimea turned out to be true. The Russian troop landing ship, Novocherkassk, near the port city of Feodosia in the eastern coastline area of Crimea was damaged by cruise missiles. Russian officials claim the ship was merely damaged with light casualties, while an Ukrainian Air Force official said the ship was destroyed.   It was the Russian confirmation of dam

March Wheat - Steady March Corn - 1 Lower March Soymeal - 0.30 Lower March Beans - Steady to 1 Higher February Crude Oil rallied up...

March Wheat - Steady March Corn = 1 to 2 Higher March Soymeal - 2.80 Higher March Beans - 3 Higher