Grain Marketing Education, News & Strategies

Highlights On September 10, Kazakhstan will remove export restrictions on wheat and flour it set in May to lower domestic prices. Kazakhstan will produce 13.0 million mt of wheat this year, up from 11.8 million last year. The chairman of the board of Lukoil, Russia’s biggest privately held oil producer and one of the few Russian companies to criticize the invasion of Ukraine, has died after falling out of a hospital window. That is an example of why people who keep their mou

Highlights December corn gapped higher last evening for the third time since the low was made July 22nd. None of the gaps have been filled as of midnight Sunday. Repeated gaps that are not filled are bullish, and more bullish. Take a look at the daily chart: Wayne Bacon has been involved with international grain trade for 59 years and is highly respected by us young guys. His weekly comments on Saturday included this: There were quite a few analysts who stated new crop soybea

Highlights Corn and beans were due for a downturn correction and the Pro Farmer Tour moving into Iowa yesterday was the trigger for profit taking on longs. Afterall, Iowa has more acres of corn and beans than any state and the Iowa weather was perceived to have been better than any where except Wisconsin. Reuters' Ag Reporter, Karen Braun, summed of Iowa's crop this way: Iowa corn yield comes in at 183.81 bu/acre, down 3.6% from last year's tour but even with the 3 yr avg. P

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 will yield at 167.2 bushels; USDA is at 177.0 and the average estimate for Friday’s USDA production report is 175.9 bushels. DTN Tour see beans at 48.9 bushels; USDA’s at 51.5, average estimate is 51.1 bushels. The first shipload of grain from Ukraine since February arrived in Lebanon yesterday. It was rejected and not allowed to unload. Typi

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 decision this week whether to set the basis now for fall delivery or roll the dice. Well, actually, if you do not set the fall delivery basis, that decision has better odds of being correct than rolling the dice. First of all, why is this week the week to decide on fall delivery basis? By this week, you have a pretty good idea of what kind

Highlights Russia admitted it fired the missiles into the harbor at Odessa, but they say the target was military infrastructure and that the grain deal still stands. Yesterday afternoon, a UN spokesperson said all parties to the Ukraine Black Sea export deal have confirmed they are still on board even after the missile attack. Ukraine hopes to get the first vessel load of grain on the water this week from Chornomorsk, just south of Odessa. Cargill and Continental Grain Com

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...

Roger Wright joins FarmProgress.com webinar for a live marketing discussion. He'll explore the idea of separating the pricing of the...