BASIC & RECENT MARKET INFO

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 , fertilizers 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 order

Tidbits The U.S. crude oil  inventory increased by 4.29 million barrels in the reporting week ending 9 May, a sharp reversal from the prior week's 4.49 million-barrel draw, according to the American Petroleum Institute. The markets expected a 2.4 million-barrel decline. None-the-less, West Texas Intermediate (WTI) crude oil futures were up $1.72 a barrel yesterday. The Bureau of Labor Statistics yesterday morning reported the annual inflation  rate at the retail level decline

Highlights The U.S. and China trade agreement details announced yesterday morning: A 90-day pause on reciprocal tariffs. Both Countries dropped their tariff rates by 115 percent points. The U.S. tariffs on Chinese goods reduced from 145% to 30%. China’s tariffs on U.S. goods will be 10%, with 24% suspended for 90 days and 91% removed. China removed all non-tariff countermeasures (all “lame” excuses like quotas, phyto-sanitary restrictions, etc.) China sent their deputy minist

The numbers were: Friendly to Bullish Corn Friendly Soybeans Negative U.S. Wheat    40 Minutes After the Report: July Corn +4 Dec corn +3...

Highlights The White House  issued this press release shortly after 1:15 PM EDT Sunday: Reuters News Service, May 11, 2025:17 PM EDT: The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.   Neither side released details after they wrapped up two days of

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,249, -68 points for the week. Crude oil  settled at $61.06, +2.68. Dollar Index  settled at 100.42, +0.38. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,299, -122 for the week. Corn July futures  at $4.49¾, -19¼¢ for the week. December futures at $4.42, -8¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July f

Tidbits The day before yesterday’s trade talk between China  and the U.S. were to begin, President Trump said reducing the tariff  to 80% on Chinese goods "seems right," suggesting an alternative to the current 145% tariff. The meeting took place in Geneva as scheduled yesterday, but neither side made any comment about the discussion other than they will meet again today. Saturday's talks began in the morning and continued into the evening. It is generally considered a positi

Highlights Ag Canada  reported yesterday that wheat export  traders are saying Chinese buyers have bought 400,000 to 500,000 mts of wheat from Australia and Canada in recent weeks as drought and heat has already done significant damage to the wheat crop in Henan province, which grows about a third of China’s 140 million mts wheat crop. There is a reason May is the seasonal high for wheat prices, so do not be pricing new crop wheat yet.   A crop tour projects Oklahoma’s winter

Highlights The highly respected London Stock Exchange Group (LSEG, which bought Refinitiv, formerly the Financial and Risk business of Thomson Reuters) predicts U.S. corn acres at 94.3 million (USDA 95.3). Stats Canada reported corn for grain stocks as of 31 March 2025, were down 13% from a year ago at 7.197 million mt. Yesterday morning, the USDA announced the sale of: 40,000 mts of old crop corn and 165,000 mts of new crop corn to Mexico 115,000 mts of old crop corn to unkn

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 , fertilizers 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 order

Highlights India said it attacked nine sites in Pakistan and Pakistani Kashmir Wednesday early morning. Pakistan reported at least three people died and 12 were injured. The attack occurred amid heightened tensions between the nuclear-armed countries in the aftermath of an attack on a Hindu tourist area in India’s Kashmir area in April in which 26 men were killed, but Pakistan denied that it had anything to do with the killings. A Pakistani military spokesman told broadcaster

Tidbits There were two major factors that crushed the corn market yesterday: A weather forecast which will allow most of the nation’s remaining 60% corn acres to be planted in the next 10 days and the market’s conclusion that Brazil’s safrinha crop will be a bin buster because April rainfall was more than it was last year. The market ignored that the dry season has started for the safrinha corn and 40% of it was planted after the ideal planting window closed on 22 February an

Highlights The U.S. eliminated the exemption of tariffs  on goods under $800 shipped directly to consumers. Such goods, mostly from China, face a 120% tariff or a $100 flat fee per postal item, rising to $200 on June 1. This targets e-commerce giants like Shein and Temu.   The U.S. approached China for trade talks, but China insists on canceling 145% tariffs on its goods first, calling Trump’s strategy “extortion.” China retaliated with 125% tariffs on U.S. goods.   Fentanyl

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,317, +1,204 points for the week. Crude oil  settled at $58.38, -4.79. Dollar Index  settled at 100.04, +0.45. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,421, +48 for the week. Corn July futures  at $4.69, -16½¢ for the week. December futures at $4.50¼, -5½¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July

Highlights OPEC+  members were scheduled to meet Monday, but the members decided to meet yesterday to discuss the pace of recovering the voluntary production cuts of the past two years, according to Kpler’s Amena Bakr. The virtual meeting’s agenda focused on “consensus building around maintaining the 411,000 barrels per day increased production for June.”   After yesterday’s meeting, OPEC+ announced it would increase crude oil output by 411,000 barrels per day starting June 1

Tidbits Yesterday, the U.S. stock markets  were sharply higher, the dollar was lower, soybeans were up 8, wheat was up 12, December corn was up 3¢ even with 95.3 million acres of corn expected to be planted this spring. Only the U.S. has old crop corn to export for another one to two months and corn exports have been huge, maybe more this marketing year than ever before. The old crop corn U.S. carryover is already tighter than it was in 2022 when July corn traded to $8.24 in

Tidbits The total U.S. soybean crush for March  was expected to be 205.5 million bushels, but USDA reported yesterday afternoon it was 206.572 million bushels, up 3% from a year ago. The March canola crush was 200,953 tons, down about 5% from a year ago. The total corn crushed in March was 504 million bushels and the corn for ethanol was 454 million bushels, both down 4% from a year ago. New unemployment claims  in the U.S. for the last reporting week were above average at 24

Tidbits U.S. Bureau of Economic Analysis reported yesterday morning the U.S. economy  contracted 0.3% in the first quarter of 2025. Imports increased 41.3% which reduces GDP as the domestic economy does not produce imports. GDP is the measure of the value of all goods and services produced, not imported.  Many companies went on a purchasing spree in the first quarter to avoid the potential price increases caused by tariffs. First quarter contraction was a sharp reversal from

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 , fertilizers 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 order

Tidbits The only excuse given for corn’s sharp losses yesterday was the planting progress being 2% more than a year ago. No doubt, yesterday being the last trading day before first notice day for deliveries on May futures had something to do with the decline. Yesterday morning, the USDA announced the sale of 120,000 mts of old crop corn to Spain and 110,000 mts of old crop soybeans to unknown. Also, an importer in Taiwan purchased 65,000 mts of U.S. corn and a South Korean im