Grain Marketing Education, News & Strategies

Tidbits The National Weather Service forecast issued last evening for the next two weeks sees above normal temperatures for most of the 48 states and below normal rainfall extending from the PNW to the Western Corn Belt. Over the weekend, wildfire outbreaks continue to rage in the PNW. Hundreds of thousands of acres have burned across Washington and Oregon alone. Wheat: The North Dakota wheat tour projected a 48 bushel spring wheat yield. USDA is at 58 bushels yield for the

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 51,947, -199 points for the week. Crude oil settled at $90.47, +8.00. Dollar Index settled at 101.46, +0.71. Baltic Dry Index (a shipping freight-cost index) settled at 2,743, -9. Corn September futures settled at $4.64¼, +19½¢ for the week. December co

Tidbits Grain producers around the world have had difficulty making a profit the past three years. Several countries have a large increase in farm bankruptcies in 2026. While the current financial problems are not nearly as widespread as they were in the 1980’s, for operations in financial stress, that fact does not make them feel any better. In the 1980’s, from a debt to asset perspective, there were tens of thousands of farmers “underwater.” They could not borrow ope

Tidbits Yesterday's mid-day price slump on the CBOT was nothing more than the market taking some profit after several days of gains. The tariffs announcement probably contributed to that. All three commodities traded lower. Only wheat settled lower, but it had gained the most in recent days. Flash sales: Yesterday, the USDA announced the sale of 126,000 mt of new crop soybeans to unknown. The Spring Wheat Tour on Day Two saw an average yield of 48.1 bushels per acre in northw

Tidbits The first case of Southern Rust in Iowa this season was confirmed Tuesday morning in a Benton County corn field, according to Iowa State University Extension. The Wheat Quality Council's spring wheat tour estimated North Dakota's spring crop at 45.9 bushels per acre, down from 49.8 last year. U.S. crude oil inventories rose by 2 million barrels in the week ended July 17, compared with market expectations for a 1.25 million-barrel draw. National gasoline stocks rose by

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), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Weather: Crop Prophet reported yesterday afternoon all three major forecast models place the Western Corn Belt on the warmer and drier side of normal through early August. Russian wheat production estimate was reduced by SovEcon by 0.6 million to 88.3 million mts. This is now just below the USDA’s forecast of 88.5 million mts. Brazil’s CONAB estimated 97% of Brazil’s wheat area has been planted as of July 19, matching the five-year average. CONAB is estimating Brazil’

Tidbits Markets: August CBOT options expire Friday. Corn, soybeans, and wheat all gapped higher on the opening Sunday evening; wheat filled the gap and closed lower on Monday. Corn and beans did not fill the gap on Monday, but corn filled it on Tuesday. November soybeans finally made a new contract high by 18¢ at $12.32 and settled up 23¼¢. To learn what the significance of gaps, go to: https://www.wrightonthemarket.com/post/gaps-and-how-to-use-them For a reference, December

Tidbits Given the news, if November beans do not trade above the May high of $12.14 today, it is not going to happen. Doug Meyer of Southeast Nebraska wrote on Saturday afternoon: "The I-29 corridor from Southeast Nebraska to Southwest Iowa to Fargo from Saturday to Saturday: I’ve never seen corn and soybeans go backwards so fast. Going to be interesting to see what tip back takes off yield if it rains soon. Corn is toast in a week without it." 247AG Sunday Afternoon: He

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 52,146, -491 points for the week. Crude oil settled at $82.47, +10.96. Dollar Index settled at 100.75, -0.21. Baltic Dry Index (a shipping freight-cost index) settled at 2,752, -192. Corn September futures settled at $4.44¾, +5¼¢ for the week. December

Tidbits Weather: Contrary to most private forecasts, the National Weather Service and 247AG predicted Saturday evening that extreme heat will return next weekend to the Central and Western Corn Belt with normal rainfall amounts. Ukraine: There are rumors that corn and wheat exporters in Ukraine will declare force majeure in Ukraine due to war damage to their grain handling equipment. “Force majeure” is a term used in contracts allowing either party to legally break th

Tidbits Flash sales: Yesterday morning, USDA announced the sale of: 340,000 mts of new crop soybeans to China 256,634 mts of new crop soybeans to Mexico 110,000 mts of new crop soybeans to unknown The International Grains Council (IGC), in its latest Grain Market Report, sees global grains crop dropping by 2.7% (69 million mts) from last year’s record of 2.49 billion mts. Much of the fall is reflected in smaller anticipated corn and wheat crops, but with oats, sorghum and rye

Tidbits President Donald Trump delivered a speech to the nation yesterday from the White House with a focus on the 2020 election. He is declassifying documents that he says will show interference by China in the 2020 election. Trump has repeatedly claimed without evidence that there was widespread election fraud six years ago when he lost to President Joe Biden. Trump again pushed for Congress to pass legislation that would require proof of citizenship to register to vote and

Tidbits The NOPA soybean crush in June was 214.34 million bushels of soybeans, up 2.7% from May and up 15.7% from a year ago. It exceeded trade expectations as the daily pace of processing rebounded from an eight-month low posted in May to the strongest level in three months. You can learn about the NOPA via the link: https://www.wrightonthemarket.com/post/about-the-nopa The USDA is now accepting applications for its Agribusiness Trade Mission to Vietnam on November 9-12. Vie

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), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Iran: President Trump will address the nation tomorrow evening to explain his Iran plan. The U.S. and Iran conducted military strikes with each other overnight. Trump said the U.S. military will continue to strike Iran in the coming days and into next week. Brazil: CONAB raised its 2025/26 Brazilian soybean production estimate a bit to 180.57 million mts, from 180.25 million mts previously. They raised their Brazilian corn production forecast 1% to 141.7 million mts.

Tidbits Iran: U.S. President Donald Trump officially notified Congress of the resumption of hostilities in Iran. Crude oil prices rose significantly again, to about $80. Trump also announced that the U.S. would impose a 20% tax on all cargo transported through the Strait of Hormuz. Iran, for its part, declared that it would not allow the U.S. to interfere with the management of the Strait of Hormuz and would treat it as closed. Flash sales: Yesterday, the USDA announced the s

Tidbits Typhoon Bavi brought heavy rain to the eastern coast of China on Sunday and lashed densely populated cities with violent winds, testing the country's ability to cope with extreme weather, Reuters News reported. Bavi had weakened by Sunday morning to a tropical storm as it ‌pushed inland, but forecasters warned that the France-sized storm system could unleash prolonged and widespread rain across eastern and northern China in the coming days. By Sunday afternoon, Bavi

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 52,637, -263 points for the week. Crude oil settled at $71.51, +2.73. Dollar Index settled at 100.96, +0.08. Baltic Dry Index (a shipping freight-cost index) settled at 2,944, +227. Corn September futures settled at $4.39½, +16½¢ for the week. December

Tidbits China evacuated more than 1.9 million people as Typhoon Bavi churned toward the major eastern city of Wenzhou. Farmers raced this past week to harvest crops. At the greatest risk were rice, corn, vegetables, and fruits. The category 1 typhoon made landfall with 90 mph (144 kmph) around 11:20 pm Saturday local time. Rice is the world’s number one competitor for wheat. In Asia, wheat and rice demand is determined by price for the average consumer. Reuters reports Ch