USDA Stocks Report Numbers 9/29/23
The 2022 corn for grain production is revised down 15 mil bu. Corn harvested for grain is revised to 79.1 million acres, down 100,000...
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Wright Team
- 1 day ago
- 3 min
Tidbits, Drought Monitor, Hogs Report, Export Sales, Markets & Rain Days Update 9/29/23
Highlights The USDA will issue its Quarterly Grain Inventory and Small Grains Reports at 10 AM Mountain Time today. The corn and bean...
Wright Team
- 2 days ago
- 4 min
Tidbits, ENSO, Corn Price History, Broilers & Ethanol, Markets & Rain Days Update 9/28/23
A micro natural gas futures and options contract will begin trading on November 6th. The micro contract size will be 1,000 mbtu (million...
Wright Team
- 3 days ago
- 3 min
Weekly Summary & Recommendations 9/27/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...
Wright Team
- 3 days ago
- 4 min
Tidbits, Quarterly Stocks Estimates, Markets & Rain Days Update 9/27/23
Highlights Dr. Cordonnier cut his US corn yield estimate by 1.5 bu to 171.5 and reduced bean yields by a half bushel to 49.0. The...
Wright Team
- 4 days ago
- 4 min
Tidbits, Export Inspections, Markets & Rain Days Update 9/26/23
Highlights The war is escalating. Yesterday morning, the USDA reported the sale of 1,049,771 mts of old crop corn and 611,389 mts of new...
Wright Team
- 5 days ago
- 4 min
Tidbits, Yield Reports, Markets & Rain Days Update 9/25/23
Crop Feedback Jake has a marketing service in Wahpeton, North Dakota. He sent this information Sunday afternoon: "Hello Roger, I have...
Wright Team
- 6 days ago
- 4 min
Tidbits, eFuel, Rainfall Comment, Rain Days Update 9/24/23
Highlights In Australia, Chevron’s employee union accepted, as Chevron already had, proposals from the country’s industrial arbitrator....
Wright Team
- 6 days ago
- 3 min
Weekly Basis 9/24/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 1, 2023 for corn, soybeans and wheat. The Dow...
Wright Team
- Sep 23
- 4 min
Tidbits, Wheat, Cattle, Markets & Rain Days Update 9/23/23
Highlights A tow of barges ran aground near Vicksburg, Mississippi yesterday; navigation is closed until the tow is freed. Russia...
Wright Team
- Sep 22
- 4 min
Tidbits, Pre-hedging, Export Sales, Markets & Rain Days Update 9/22/23
Pre-Hedging October Options Expire today, it will impact the prices at least temporarily. Pre-hedging: In the grain business, pre-hedging...
Wright Team
- Sep 21
- 5 min
Tidbits, Inventories, Soybeans Exports, Broilers & Ethanol, Markets & Rain Days Update 9/21/23
Highlights Federal Reserve Chairman Jerome Powell suggested interest rates will be “higher for longer” and could stay above 5% this year...
Wright Team
- Sep 20
- 3 min
Weekly Summary & Recommendations 9/20/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...
Wright Team
- Sep 20
- 5 min
Tidbits, Markets & Rain Days Update 9/20/23
Tidbits Recent data shows China’s economy is finding its footing. This afternoon, the Fed will reveal how it thinks the US economy is...
Wright Team
- Sep 19
- 4 min
Tidbits, Crop Conditions, Brazil, Export Inspections, Markets & Rain Days Update 9/19/23
Highlights Yesterday December corn took out its previous 2023 low of $4.73½ with a trade down to $4.69. It settled at $4.71½, down 4¾¢....
Wright Team
- Sep 18
- 4 min
Tidbits, Fertilizer, Diesel, China's Economy, Markets & Rain Days Update 9/18/23
Tidbits Mark has a friend near Oto in Woodbury County, Iowa who has cut two fields of beans. The first was 15 bu/ac, the second field 35...
Wright Team
- Sep 17
- 4 min
Weekly Basis 9/17/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 1, 2023 for corn, soybeans and wheat. The Dow...
Wright Team
- Sep 17
- 5 min
Tidbits, Insurance Hedging, Rain Days Update 9/17/23
Tidbits Chris farms near Andrew, in Central Alberta, Canada northeast of Edmonton. He reported Friday morning: "Good morning, Roger, We...
Wright Team
- Sep 16
- 6 min
Tidbits, Q&A: Grain Hedging, Markets & Rain Days Update 9/16/23
Tidbits The NOPA August soybean crush was 161.453, 6.35 million bushels less than the market expected. That was an 11-month low and down...
Wright Team
- Sep 15
- 4 min
Tidbits, Currency, Drought Areas, Soybean Yields, Export Sales, Markets & Rain Days Update 9/15/23
Marketing Comment The soybean meal and soybean oil marketing years end September 30. As always, there are shipments previously bought to...
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