Grain Marketing Education, News & Strategies

Highlights The planting of second-crop corn in Mato Grosso, Brazil’s leading corn and soybean producing state, advanced by 11.5% this past week, reaching 96.5% of the projected area. The current pace is close to that of last year’s 97.81% and is still above the average of the last five years, 92.64%. The summer corn harvest in the far southern state of Rio Grande do Sul is 68% complete, according to Emater. The first corn sown in October were harvested with decent yields,

Highlights AgrInvest Commodities cash grain trader for exports, Eduardo Vanin, yesterday morning: "The soybean basis rally continues. For May, at +75sk (75¢ over May soybean futures) new highs, +50¢ per bushel from last week. This is one of the most aggressive weekly rallies I have ever seen. The April/May cash price is nearly equal to the June/July (very little carry)." Earlier this week, a conveyor belt system collapsed at the TGPM grain loading port terminal at the Barca

Highlights Early yesterday afternoon, President Trump said, "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA Agreement until April 2nd. Mexico’s President Sheinbaum said, "We had an excellent and respectful call in which we agreed that our work and collaboration have yielded unprecedented results, within the framework of respect for our sovereignties." Sheinbaum

Tidbits U.S. Secretary of Commerce Howard Lutnick said President Trump is in constant contact with both Mexico and Canadian officials regarding a possible agreement that would pull the 25% tariffs applied on Tuesday. He said Mexico's team was cooperating; Canada's team not so much. On Tuesday, the stock markets and crude oil market crashed, in large part, due to a GDP forecasting model used by the Federal Reserve Bank of Atlanta. The dollar is now 104.25 on the index, down

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, March 4, 2025: May corn settled yesterday at $4.51½, -42¾¢ since last Tuesday. Tuesday’s

Highlights In response to Trump's tariffs that went into effect at 12:01 AM Tuesday, China placed an additional tariff of 15% on U.S. wheat, corn, cotton, chicken and an additional 10% on U.S. soybeans, sorghum, pork, beef and other agricultural products. Also China suspended on Tuesday the soybean import licences of three U.S. firms (CHS Inc, Louis Dreyfus Company Grains Merchandising LLC and export grain terminal operator EGT) and halted imports of U.S. logs, stepping up it

Highlights President Trump will give his State of the Union Address this evening at 8 PM Central Time. He says he will make a major announcement. President Donald Trump announced that the U.S. would impose tariffs on "external" agricultural products starting April 2, urging American farmers to increase domestic production. In a Monday social media post, he stated, “Get ready to start making a lot of agricultural products to be sold INSIDE of the United States.” However, he di

Highlights British Prime Minister Keir Starmer said yesterday his country will supply Ukraine with 5,000 air defense missiles roughly costing US$2 billion. Starmer hosted a security summit in London Sunday attended by key persons from France, Germany, Denmark, Italy, the Netherlands, Norway, Poland, Spain, Canada, Finland, Sweden, the Czech Republic, Turkey, and Romania. The group will work toward a cease-fire plan to present to the United States as an effort to end the war.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 43,841, +412.89 points for the week. Crude oil settled at $69.95, -0.30. Dollar Index settled at 107.56, +0.92. Baltic Dry Index (a shipping freight-cost index) settled at 1,229, +248 for the week. Corn May futures at $4.69½, -35½¢ for the week. December futures at $4.55, -20¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures)

Highlights Mexico said it is willing to raise tariffs on Chinese goods and buy more from the U.S. to avoid President Trump's 25% tariff, Bloomberg reported late Friday. Canada and Mexico are feeding Trump evidence of their progress in curbing the flow of fentanyl opioids into the U.S. ahead of the midnight Monday deadline for 25% tariffs on their non-energy imports. Crude oil from Canada is facing a 10% tariff on its 4,000+ barrels per day to the U.S. Friday’s financia

Highlights The fear of Trump’s tariffs being applied to U.S. imports from Mexico and Canada stopped and then killed an end-of-the-week, end-of-the-month, profit-taking rally despite a grossly oversold corn market. May corn has lost 46¾¢ the past 8 trading days and settled lower than any day since 9 January. The Dow was down 140 points early yesterday afternoon but recovered to end the day up 601 points. Crude oil recovered about half of its early losses, but no recovery

Highlights On Wednesday, President Trump postponed for 30 days the 25% tariff on Canadian and Mexican imports scheduled to be applied on 4 March. Yesterday morning, he cancelled the postponement and stated the 25% tariff would go into effect on March 4. He also stated tariffs will increase 10% tomorrow on goods coming from China. The market’s fear is Mexico, being the number one buyer of U.S. corn, will slap a tariff on U.S. corn imports. That is certainly possible, but Mex

Highlights First thing this morning the USDA will release its projections for 2025 crops and that includes the S&D with acres planted, yields, and price projections. The average estimate for tomorrow’s acreage numbers are 93.6 million for corn, 84.4 million for soybeans, and 46.7 million for wheat. Drew Learner, Senior Agricultural Meteorologist at World Weather expects drier than normal weather for Brazil’s safrinha corn: “While monsoon precipitation is expected to prevail

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, February 25, 2025: March corn settled yesterday at $4.79¾, -22¾¢ since last Tuesday. Tue

Highlights Corn is pricing-in: The rain that fell in Argentina over the weekend and the heavy rains expected in the next 10 days. While those rains will save a lot of corn, it will not replace the lost yields. Even USDA reduced the Argentine corn production two weeks ago. Those bushels are not coming back. The anticipation of a big increase in 2025 corn acres from the USDA’s Outlook Forum on Thursday. Everyone has been talking about big 2025 corn acres for months. The expecta

Tidbits Corn was hit hard yesterday by the expected increase in 2025 acres, improved weather in South America, and first notice day for deliveries on March futures, all of which is old news. Improved weather for soybean harvest means more safrinha corn will get planted and Argentina’s dry areas will get a drink, but that does not change the fact the world is short of corn. After Friday’s price decline, we were surprised to see corn so weak yesterday. Soybeans traded to the bo

Tidbits The price of April urea futures at NOLA has declined $22 per ton since 12 February. AgFeeds.com/br reports: "After much complaint and pressure from the productive sector, the federal government found a way to unlock the financing of the 2024/2025 Safra Plan with subsidized credit lines which had been closed Thursday, 20 February. Brazil’s Finance Minister Fernando Haddad announced late Friday, 21 February, the opening of an extraordinary credit line of R$4 billio

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 43,428, -1,118.06 points for the week. Crude oil settled at $70.25, -0.32. Dollar Index settled at 106.64, -0.15. Baltic Dry Index (a shipping freight-cost index) settled at 981, +189 for the week. Corn March futures at $4.91¼, -5¢ for the week. December futures at $4.75, +2¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futur

Highlights Three oil tankers in the Mediterranean Sea and another in the Baltic Sea, have been damaged by blasts this month. All four had recently loaded crude oil at Russian ports. The causes of the incidents remain unclear, but it appears to be terrorism against Russia. Italy has launched a terrorism investigation after two explosions blew a hole below the waterline of the Greek-operated oil tanker while it was anchored on Saturday off the southern port of Savona-Vado and d

Tidbits March options expired yesterday at the close. Corn and bean prices were lower, which usually happens on the expiration day for options. Next Thursday is the last trading day before first notice day, which means Wednesday and Thursday most likely will be down days for corn and beans and Friday will be an up day. Argentina’s FOB corn price was down 10¢ a bu. this week for April and May shipments. We might start seeing Argentina competing with U.S. corn in Asia. In Bra