BASIC & RECENT MARKET INFO

Highlights Canada is taking similar measures in response to U.S. President Donald Trump's 25%  tariffs on its goods, Canadian Prime...

Tidbits The S&P 500 and NASDAQ Indexes were down on Wednesday and had its worst day since late 2022 due to a selloff in high-flying technology stocks. The S&P slid 2.3%, with Tesla shares plunging 12% in the biggest drop since September 2020. The Nasdaq 100 was about 3.7% lower due to Google’s YouTube advertising revenue weakness.   Eduardo Vanin wrote on Wednesday: "Soybean premiums (basis)  FOB Paranaguá and CFR China surged 30 to 40 cents per bushel in just a few days. Far

Highlights Yesterday afternoon US time, Iran launched hundreds of drones and then missiles aimed at Israel. Russia also attacked Ukraine’s northeast city of Kharkiv with the same Iranian-made Shahed drones yesterday afternoon. US intelligence believes Iran has as many as 500 drones and missiles to launch from Iran, Iraq, Syria, Lebanon, and Yemen. US and British air forces participated in neutralizing threats before entering Israeli airspace. Minor damage sustained at an Isra

Tidbits The USDA’s two-day 2023 Ag Outlook Forum begins today. In the past, S&D numbers for the new crop were issued on Friday. However, USDA will release the S&D today at 6 AM CST instead of Friday so today's speakers will have something to talk about. The next S&D for 2023 crops will be in May and then every month for the next three years. Expect the markets to jump around today. Late yesterday, Black Sea highly respected wheat market guru, Andrey Sizov wrote: " So now hea

Highlights Current OPEC crude oil inventory is 8% less than the five-year average and lower than any time since before at least 1998. OPEC has never reduced crude oil production when inventory was below the five year average. If the world demand for crude oil does not decline sharply in the coming months, there will be very tight crude oil supplies very quickly. Yesterday, November beans came within ¾ of cent of filling the July 26th breakaway gap. In an up-trending market,