Tidbits, Wheat Basis, Market Commentary, Markets & Rain Days Update 5/30/23
When to lock-in Soft Red Winter Wheat Basis For the past 15 to 20 years, the firmest basis for new crop soft red winter wheat has been...
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Wright Team
- Apr 25
- 4 min
Tidbits, Rolling the Basis, Crop Progress, Export Inspections, Markets & Rain Days Update 4/25/23
Rolling Basis Contracts: The Math A May basis contract needs to be rolled or priced by the close of business Thursday. We recommend all...
Wright Team
- Mar 21
- 4 min
Tidbits, Banks, Diesel, Basis Lock-In, Export Inspections, Markets & Rain Days Update 3/21/23
Highlights The stock value of First Republic Bank (FRB) slid to an all-time low yesterday after S&P Global lowered FRB’s credit rating...
Wright Team
- Mar 12
- 3 min
Weekly Basis 3/12/23
The Dow Jones Industrial Average (DJIA) settled at 31,909.64, -1,481.33 points for the week. Crude oil settled at $76.68, -3.17. The...
Wright Team
- Feb 21
- 5 min
Tidbits, Q&A and Education on Basis, Markets & Rain Days Update 2/21/23
Highlights There is no consensus as to how many of Argentina's acres were damaged or how many mts were lost. We will get hundreds of...
Wright Team
- Feb 8
- 4 min
Tidbits, Basis Management, Meal Puts, Markets & Rain Days Update 2/8/23
Highlights The USDA monthly S&D and World Production reports will be issued today at 10 AM Mountain Time. Russian military units are...
Wright Team
- Nov 21, 2022
- 3 min
Highlights, Managing Basis, Markets & Rain Days Update 11/21/22
Highlights The G7 will cap the price of Russian crude oil effective December 5th and the EU will ban Russian crude oil imports from the...
Wright Team
- Nov 17, 2022
- 2 min
Managing The Basis to Maximize Cash Price
The first principle of marketing grain is to separate the day one locks-in the basis from the day one locks-in the futures price. Why?...
Wright Team
- Sep 25, 2022
- 2 min
Basis Contracts 9/24/22
Basis Contracts: Purpose Math of a Valuable Marketing Tool Basis contracts allow a farmer to deliver grain he cannot store, maintain a...
Wright Team
- Sep 4, 2022
- 3 min
Highlights, Basis, Markets & Rain Days Update 9/3/22
Highlights On September 10, Kazakhstan will remove export restrictions on wheat and flour it set in May to lower domestic prices....
Wright Team
- Aug 29, 2022
- 3 min
Highlights, Basis Comments, Yuan, Markets & Rain Days Update 8/29/22
Highlights December corn gapped higher last evening for the third time since the low was made July 22nd. None of the gaps have been...
Wright Team
- Aug 26, 2022
- 5 min
Highlights, Deferred Basis, Markets & Rain Days Update 8/26/22
Highlights Corn and beans were due for a downturn correction and the Pro Farmer Tour moving into Iowa yesterday was the trigger for...
Wright Team
- Aug 10, 2022
- 5 min
Highlights, Beans Basis, Markets & Rain Days Update 8/10/22
Highlights Yesterday morning, the USDA announced the sale of 133,000 mts of new crop corn to China DTN’s Digital Yield Tour says corn...
Wright Team
- Aug 7, 2022
- 4 min
Highlights, Fall Delivery Basis, Rain Days Update 8/7/22
Time to Make Decisions About Fall Delivery Basis If you know you will have to deliver corn or beans during harvest, you need to make the...
Wright Team
- Jul 26, 2022
- 3 min
Highlights, Corn Demand, Export Inspections, Markets & Rain Days Update 7/26/22
Highlights Russia admitted it fired the missiles into the harbor at Odessa, but they say the target was military infrastructure and that...
Wright Team
- Feb 25, 2022
- 4 min
Weekly Basis 02/26/2022
The Dow Jones Industrial Average settled at 34,058.75, down 20.43 points for the week. Crude oil was at $92.08 late Friday, up 51 cents...
Wright Team
- Feb 11, 2022
- 1 min
Market conversation – cash versus basis and futures selling
Roger Wright joins FarmProgress.com webinar for a live marketing discussion. He'll explore the idea of separating the pricing of the...
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