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USDA October Numbers 10/12/23
The numbers are: Friendly corn Bullish beans Neutral Wheat 30 Minutes After Report was released: December corn +8 November beans +40...
Wright team
Oct 12, 20231 min read
Tidbits, Fuel Hedge, PPI, Markets & Rain Days Update 10/12/23
Highlights USDA October S&D will be issued at 10 AM Mountain Time today. Crude oil was weaker yesterday because Saudi Arabia said it...
Wright team
Oct 12, 20235 min read
Weekly Summary & Recommendations 10/11/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans...
Wright Team
Oct 11, 20233 min read
Tidbits, Export Inspections, Markets & Rain Days Update 10/11/23
Highlights USDA issues an Export Inspections Report the first business day of every week which reports the amounts of commodities loaded...
Wright team
Oct 11, 20234 min read
Tidbits, Yields, Ukraine Export, Q&A on Wheat, Markets & Rain Days Update 10/10/23
Highlights Two weeks ago, 8 out of 10 farmers we talked to said they were expecting less bushels per acre than a year ago. While they...
Wright Team
Oct 10, 20234 min read
Tidbits, Israel & Fuel, Market & Rain Days Update 10/9/23
Highlights The fighting and atrocities happening in Israel and Gaza the past 48 hours are horrific. Israel will do a massive...
Wright Team
Oct 9, 20233 min read
Tidbits, Israel, Argentina Budget, Rain Days Update 10/8/23
Highlights Northwest Ohio is out of corn. Our client, Evan, reported a nearby feed mill took their corn basis to +75Z (75¢ over December...
Wright Team
Oct 8, 20233 min read
Weekly Basis 10/8/23
It's our weekly grain market prices and US grain basis analysis and outlook on October 8, 2023 for corn, soybeans and wheat. The Dow Jones...
Wright team
Oct 8, 20233 min read
Tidbits, Politics, Economy, Basis, Markets & Rain Days Update 10/7/23
Politics Not a word about Ukraine’s corruption and its links with US political figures the past 24 hours. Rep. Jim Jordan (R-Ohio) is the...
Wright team
Oct 7, 20234 min read
Tidbits, Short Covering, Politics, Export Sales, Markets & Rain Days Update 10/6/23
Highlights Definitions: Moving average: a commodity’s (or stock) price for the past X number of days averaged each day; a 20 day closing...
Wright team
Oct 6, 20234 min read
Tidbits, Ukraine, Broilers & Ethanol, Markets & Rain Days Update 10/5/23
Highlights Ukraine’s leadership is highly stressed by Speaker McCarthy’s removal from office. They claim McCarthy, Jeffries and Biden...
Wright team
Oct 5, 20234 min read
Weekly Summary & Recommendations 10/4/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans...
Wright team
Oct 4, 20233 min read
Tidbits, House of Reps, Wheat Inventories, Markets & Rain Days Update 10/4/23
Highlights The Speaker of the House of Representatives, Kevin McCarthy, lost his job yesterday afternoon by a vote of 216 to oust to 210...
Wright team
Oct 4, 20234 min read
Tidbits, OPEC, Calls vs DP, Export Inspections, Markets & Rain Days Update 10/3/23
Highlights OPEC members, Nigeria and Iran, have been cheating on their crude oil quota the past two months while other OPEC members did...
Wright team
Oct 3, 20235 min read
Tidbits, Brazil, PMI, Crop Comment, Markets & Rain Days Update 10/2/23
Highlights Rain has fallen the past three days in the Brazilian states of Mato Grosso and Goias and the Brazilian National Weather...
Wright team
Oct 2, 20234 min read
Weekly Basis 10/1/23
It's our weekly grain market prices and US grain basis analysis and outlook on October 1, 2023 for corn, soybeans and wheat. The Dow...
Wright team
Oct 1, 20234 min read
Tidbits, Exports & Corn, Rain Days Update 10/1/23
Highlights The US House of Representatives passed a funding bill to keep the government open until November 17th. If things go according...
Wright team
Oct 1, 20232 min read
Tidbits, Grain Stocks & Market Reactions, Markets & Rain Days Update 9/30/23
Highlights In yesterday's Quarterly Inventory and Small Grains Summary Reports, the USDA reduced the size of the 2022 corn crop by 15...
Wright team
Sep 30, 20233 min read
USDA Stocks Report Numbers 9/29/23
The 2022 corn for grain production is revised down 15 mil bu. Corn harvested for grain is revised to 79.1 million acres, down 100,000...
Wright team
Sep 29, 20231 min read
Tidbits, Drought Monitor, Hogs Report, Export Sales, Markets & Rain Days Update 9/29/23
Highlights The USDA will issue its Quarterly Grain Inventory and Small Grains Reports at 10 AM Mountain Time today. The corn and bean...
Wright Team
Sep 29, 20233 min read
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