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 at 42,707, +132.83 points for the week. Crude oil  settled at $73.46, +1.87. Dollar Index  settled at 108.18, +0.20. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,043, +46 for the week. Corn March futures  at $4.50¾, -3¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pri

Tidbits Yesterday, March corn  traded over $4.60 for the first time since late June. South American weather is not improving, but make no mistake, the South American soybean crop  will be overwhelmingly large. The USDA is likely to increase its Brazilian bean production estimate on Friday. It is also reasonable the USDA will reduce corn production in the U.S. and world wide.  Yesterday’s Commitment of Traders Report ( COT ) showed managed money holds the largest net long corn

Highlights It is 6 January. The latest day in January the soybean market started its January sell-off was 12 January. The second latest date was 7 January. Nothing is 100% in this business, but the South American weather over the weekend was not any better than expected and probably worse and the forecast for the next 10 days is definitely no improvement for crops.    However, do not think for one second that South America is going to have anything less than an all-time large

An annual trading summary by Wright on the Market’s Eugene   I began trading futures two years ago with $10,000 of a joint investment to...

Highlights Why did corn and beans crash and burn yesterday?   The Weekly Export Sales report issued yesterday morning was terrible as it always is Christmas week. It should never be a surprise, but poor sales Christmas week is always a disappointment.    The House of Representatives was scheduled to select a Speaker yesterday. The last time they tried to elect a Speaker, it took three weeks! Thankfully, after the CBOT closed, Mike Johnson, (R-La.) was re-elected to lead the H

Highlights The USDA released its November crush numbers yesterday after the close:  Soybean crush was 210 million bu., 10 million more than the same month a year ago. Canola crush was 211,013 tons, down from 219,843 tons a year ago. Corn crushed for all purposes was 514 million bu., up 1% from a year ago. Corn for ethanol crush was 465 million bu., up 2% from a year ago.   StoneX raised its estimate for Brazil's 2024/25 soybean crop 5.2 million mts to 171.4 million mts (USDA

The CBOT market will reopen today at 8:30 AM Central time.  Tidbits A client asked Tuesday afternoon:   Do I sell on this rally?  Corn: No.  Soybeans: Yes.    If you grow soybeans, the next 10 days are very important. Historically, bean futures will make a high before 14 January (maybe already made the high) and then sell-off 40 to 80¢ within a matter of weeks as the market prices in a successful Brazilian soybean crop.       Too much rain in the northern area of Brazil’s bea

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. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, December 31 , 2024: March corn settled yesterday at $4.58½, +10¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,574, -266.53 points for the week. Crude oil  settled at $71.59, +2.01. Dollar Index  settled at 107.98, +0.17. Baltic Dry Index  (a shipping freight-cost index)  settled at 997, +7 for the week. Corn March futures  at $4.54, +7¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

Tidbits Yesterday morning, the USDA announced the sale of 23,000 mts of old soybean oil to India. China and India usually buy palm oil from Indonesia or Malaysia, but those two countries are going big on biodiesel and have greatly restricted palm oil exports.   Egypt's public procurement agency, Mostakbal Misr, has secured direct contracts for 1.267 million mts of primarily Russian wheat, sufficient to meet the country's needs until June 2025. In the first half of the 2024/25

Today is the day to liquidate long January futures positions to eliminate any chance of being assigned a delivery. Tidbits Several agricultural input suppliers in Argentina are struggling financially or have already filed bankruptcy. The problem was the input suppliers did not change their marketing and financing program when the conservative, cost-cutting President Javier Milei took office a year ago.   The crop input suppliers did not not expect inflation to be reduced, the

Tidbits The farm bill will provide nearly $31 billion in disaster and economic aid  to farmers, but it looks like it will be late March before payments are made. You can read DTN’s summary of the Farm Bill's financial aid at this link .   The Soybean Seasonal Trend the next 30 days is very predictable. We covered this two weeks ago and here it is again. The past 6 years, March soybeans have lost an average of 88½¢ as the market priced-in Brazil’s soybean crop being made in th

Tidbits March corn settled a quarter cents higher yesterday, but higher none-the-less for the sixth consecutive day.    More importantly, March corn settled above the 200 day moving average price two consecutive days, confirming a technical breakout to the upside. The dry  weather forecast for Argentina and Southern Brazil is the leading fundamental factor, but bullish technical signals are here to stay for a while as well. The weekly export sales had corn sales above the hig

FinCEN Reports Yesterday we reported that the U.S. Court of Appeals on Monday reinstated the 1 January 2025 deadline for farmer corporations and limited liability companies to file Beneficial Ownership Information (BOI) reports as required under the Corporate Transparency Act.   We had two clients send us the U.S.Treasury FINCEN Alert providing guidance to avoid BOI scams. The document states there is no requirement to file BOI reports “at this time,” but no date is included

Brazil Canal Rural is a Latin American subscription television channel that focuses on the production of food, agroindustry, and the field. It originated in Argentina and has been in operation for over 14 years. Canal Rural uses journalism, entertainment, and services to communicate with the country's agribusiness. Their crop comments issued 24 December 2025:   After a dry start to planting, excess rainfall in some regions of Mato Grosso, Brazil is starting to cause concerns

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. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, December 24 , 2024: March corn settled yesterday at $4.48½, +5¢ since last Tuesday.

Tidbits Reuters Karen Braun reported Monday’s U.S. wheat inspections  for export were a 12-week high at 404,000 mts. Wheat inspections since June 1, the beginning of the wheat marketing year, are up 27.2% on the year. The bulk of last week's export inspections occurred in the PNW ports were for Asia-bound cargoes, but none to China.   Reuters also reported Russia’s Exporters  and Producers Union sees total grain exports at 45 million mts, with 40 million of it being wheat. So

Highlights The Equatorial Pacific Surface Water temperature has dropped a half °C the past two reporting weeks and is now 1° below normal. That is why it is turning dry in Argentina and Southern Brazil and so very wet in Northern Brazil where 85% of their beans are grown. That much rain is great for the beans in that sandy soil until they are mature. As you know, soybeans cannot be harvested when the stems are wet or even damp. Harvest will be delayed and the quality of the b

Tidbits The grain markets will close at 12:05 PM CT this week Tuesday, December 24th. The markets will be closed all day on Wednesday, December 25th. They will open back up on Thursday at 8:30 AM CT, December 26th. The U.S. government pushed through a funding bill at the last minute, President Biden signed it on Saturday, putting off the next fight over the debt ceiling until March, when it will become a problem for President-elect Trump.   The bill included a one-year extens

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,840, -987.80 points for the week. Crude oil  settled at $69.58, -1.51. Dollar Index  settled at 107.81, +0.87. Baltic Dry Index  (a shipping freight-cost index)  settled at 990, -61 for the week. Corn March futures  at $4.46¼, +4¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price