BASIC & RECENT MARKET INFO

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 42,207, +9 points for the week. Crude oil  settled at $74.04, +0.86. It traded as low as $66.60 on Monday and closed at $68.51. Dollar Index  settled at 98.77, +0.63. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,689, -279. Corn July futures  settled at $4.28¾, -15¾¢ for the week. Then -11¢ on Monday. December fut

Tidbits On June 23, crude oil  prices plummeted over 6%, after Iran launched a missile attack on the U.S. military base at Al Udeid in Qatar in retaliation for U.S. strikes on Iranian nuclear sites over the weekend, which had initially pushed Brent to a five-month high. Iran’s attack, which Iran’s officials linked to the broader escalation following U.S. and Israeli actions, did not disrupt oil or gas tanker traffic through the Strait of Hormuz, and Qatar Energy reported no i

Tidbits U.S. Secretary of State Marco Rubio on Sunday said it would be “economic suicide” for Iran to close the Strait of Hormuz  because the Iran’s oil also passes through the strait. Iran is the third-largest oil producer in OPEC, pumping 3.3 million barrels per day. It exports at least 1.6 million bpd, with nearly 80% sold to China.   TankerTrackers.com Sunday afternoon: "Iranian tankers are still loading crude oil, and today’s satellite imagery shows additional Iranian a

Highlights U.S. President Donald Trump says the American military has completed strikes on three nuclear sites in Iran, marking a significant escalation in the ongoing war between Iran and Israel.   "We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan. All planes are now outside of Iran air space,"  he wrote on Truth Social. Corn Marketing Opportunity and Recommendation This is the weekend that the seasonal tr

Tidbits The number of daylight minutes  will decline every day for the next six months for most of our clients.   Yesterday morning, the USDA announced the sale  of 124,000 mts of new crop corn to unknown. Weekly corn export sales were more than a million mts (41 million bushels) and the weather is going to be brutal for corn and beans this weekend. None-the-less, yesterday's corn action was very disappointing. July corn had a 6¾¢ range, made a new contract low by a penny and

Tidbits Crude oil  prices surged nearly another 3% on Thursday amid escalating air strikes between Israel and Iran and uncertainty over U.S. involvement. Tensions escalated as Israel bombed nuclear targets in Iran, which responded with missile and drone attacks on Israel, with no clear exit strategy from either side. Israeli Prime Minister Netanyahu warned Tehran of severe consequences, and Iran cautioned against third-party interference. The White House announced that Presid

Tidbits U.S. grain markets are closed  and will have no day session today. Markets will be reopening for the evening session on Thursday. With the holiday, this week’s export sales report will be released on Friday, along with the cattle on feed report. The CFTC’s Commitment of Traders report will be delayed until Monday. The last trading day for July grain options is this Friday. Heavy rain  fell again Tuesday in South Central Kansas and into North Central Oklahoma. There ar

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), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We discussed 2025 corn and soybeans marketing plan  on March 23. Refer to our daily mailing on that day or this post  on the website. We provide three different marketing plans (in ord

Tidbits After the markets close  today, they will not open until Thursday evening in observance of the Juneteenth holiday. This is the single most important week of the year for corn marketing decisions . The seasonal trend turns lower on Sunday. Corn futures price usually makes its low for the year between late July and mid-September. Fundamentally, corn should be well over $5. Is a 15.8 billion corn crop already priced-in? Please read today’s Weekly Summary and Recommendati

Highlights Bio Fuel consultant, Corey Lavinsky, reports the Senate's proposed changes to the 45Z clean fuel  credit have been released &...

Tidbits The U.S. Special Envoy to the Middle East, Steven Wittkoff, was scheduled to meet with Iranian Foreign Minister Abbas Araghchi in Tehran to discuss Iran's response to the U.S. nuclear deal proposal. The meeting was cancelled.   Iran has reached out to Oman and Qatar, requesting that they mediate with Washington to halt the ongoing Israeli strikes and restart nuclear talks, a source familiar with the matter told The Jerusalem Post Sunday.   Saudi Arabia is also working

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,198, -565 points for the week. Crude oil  settled at $73.18, +8.41. Dollar Index  settled at 98.14, -1.06. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,968, +335. Corn July futures  at $4.44½, +2¢ for the week. December futures at $4.43, -6¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Future

Q&A: Old Crop Soybean Basis Question from a client: Thanks for all the good info in your emails.   I wanted to share some local basis info and suggest you encourage farmers not to wait too long like I did to lock in basis.   I sold soybeans on a July futures contract last winter and waited for the basis to improve at our local processor in Mankato, MN over the past several months it has been improving going from -.40 a few cents at a time time -.35, -.25, -.20 etc usually sta

Tidbits Corey Lavinsky, a biofuel  analyst with S&P Global, reported yesterday morning the EPA proposed to reduce the value of RINs by 50% for biofuels that are imported or made in the U.S. using foreign feedstocks. EPA also proposed biofuel volume requirements for 2026 & 2027 are much higher than most people's expectations for Biomass-based diesel (BBD).   The EPA proposal requires total biofuel blending volumes at 24.02 billion gallons in 2026 and 24.46 billion in 2027; the

Highlights Israel launched missile strikes on Iran.  Crude oil prices spiked by almost $9 but then traded $3 lower from the peak. Israeli Prime Minister Benjamin Netanyahu said the goal of the strikes on Iran was to attack Iranian missile facilities, “the heart of Iran's nuclear enrichment programme”. He stressed that the main goal was to eliminate the threat to Israel and the operation will continue “for as many days as necessary”. U.S. Secretary of State Marco Rubio stated

The numbers were: Friendly Corn Neutral Soybeans Friendly Wheat    40 Minutes After the Report: July Corn unchg Dec corn -1 July beans -9...

Highlights Today at 10 AM Mountain Time, the USDA will release its June S&D . The biggest questions are what changes, if any, will USDA make on old crop corn exports and will an increase be offset by increased production from 2024 or a decrease of feed use and will the Brazilian corn crop be increased? USDA increased that crop by 4 million mts last month and most other crop predictions have been catching up to USDA’s number since then and now the average estimate is 131.5 mil

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), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We discussed 2025 corn and soybeans marketing plan  on March 23. Refer to our daily mailing on that day or this post  on the website. We provide three different marketing plans (in ord

Tidbits Yesterday at midday, U.S. Commerce Secretary Howard Lutnick said the trade talks  with China in London were going well and he hoped they would end on Tuesday night but said they could run into Wednesday. Later, he said the two sides have reached a framework to implement the Geneva consensus and the call between their respective presidents. ADM reports Trump is looking at rolling back the port fees  on China vessels scheduled to take effect in October. Dr. Cordonnier i

Tidbits Former Minnesota farmer, now Brazil’s 25-year experienced agricultural consultant, Kory Melby, posted on X yesterday afternoon: “I think today's corn market action will reverse quickly in the coming days as the models revert back to old forecasts. I think today was a counter trend move fake out.” Cash soybean export trader, Eduardo Vanin, with AgrInvest Commodities in Brazil reported yesterday soybeans from Brazil net cost  to China for September shipment was 215¢ ove