BASIC & RECENT MARKET INFO

Tidbits Mexico  has become the largest buyer of U.S. corn. Trump is increasing pressure on Cuba to cause the communist regime to collapse. Now that Venezuela is not shipping crude to Cuba, Mexico is the largest supplier of crude oil and refined products to Cuba. Mexican President Sheinbaum has said Mexico will continue crude oil shipments to Cuba, saying they are based on long term contracts and considered international aid. However, senior Mexican government sources said 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. Dow Jones  Industrial Average Index settled on Friday at 49,099, -261 points for the week. Crude oil  settled at $61.28, +1.98. Dollar Index  settled at 97.46, -1.92. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,762, +230. Corn March futures settled at $4.30½, +5¾¢ for the w

Tidbits Canada:  President Trump yesterday afternoon said China was trying to use Canada to evade U.S. tariff. "If Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken. If Canada makes a deal with China, it will immediately be hit with a 100% tariff against all Canadian goods and products coming into the U.S.A."    President Trump also said he will visit China in April and expects Chinese

Tidbits The U.S. Composite Purchasing Manager Index  (PMI) was reported yesterday morning by S&P Global to be 52.8; the market expected 51.9. The “composite” PMI is the manufacturing and service sector combined. A PMI above 50 means purchasing managers plan to buy more supplies for their business in the coming month than they purchased the previous month. It is a forward looking economic indicator.      Crude oil:  A few days ago, the French navy intercepted a shadow fleet ta

Tidbits Flash sale: Yesterday morning the USDA announced the sale of 192,350 mts of old crop soybeans to unknown. Biofuel: Republican U.S. lawmakers plan to create a task force to study potential year-round sales of higher-ethanol E15 gasoline blends in the U.S., after an attempt to pass such legislation in a funding bill this week fell through. Farm groups and Midwest ethanol advocates blasted the decision to form a task force instead of passing legislation, calling it a blo

Tidbits President Trump said yesterday afternoon he will not slap a tariff on any European nations on 1 February who opposed his aggressive efforts to gain control of Greenland. Following a meeting with NATO Secretary General Mark Rutte in Davos, Switzerland yesterday, Trump said they formed the framework of a future deal for Greenland. He said: “I don’t have to use force. I don’t want to use force. I won’t use force.” NATO spokesperson Allison Hart said:  “Discussions among

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 here . 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, cha

Tidbits Exports: Yesterday morning, the USDA reported sales of 190,000 mts of old crop soybean meal to the Philippines. News sources indicate China has likely reached its 12 million mts commitment of U.S. soybeans purchases for the 2025/26 marketing year, and that further purchases are unlikely until September unless prices are competitive with South American soybean prices. Most of the volume is heading for reserves and is 47% fewer than China bought in 2024/25. The USDA pur

Tidbits Homeland Energy at Lawler in Northeast Iowa, is allowing contracted corn for February to be delivered now. Another tidbit of bullishness for corn prices. Exports: The U.S. has shipped over 2 million tons of soybeans to Egypt since September, up 43% from the same period last season. That covers more than 40% of Egypt's projected annual imports. The U.S. share increased to 76% from 41% in recent years, while Ukraine's share fell from 33% to 15%. Brazilian beef exports w

Tidbits The EU  is very upset that Trump has put a tariff on all their products shipped to the U.S. until the U.S. gains control of Greenland. The EU is our largest importer of soybean meal. Last year, the EU imported 20.6 million mts of U.S. soybean meal.   The U.S. economy  has two major problems:   Unprofitable grain production for most of the last three years with 2026 looking just as bad or worse.  Datacenters under construction or planned for construction will not have

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. Dow Jones  Industrial Average Index settled on Friday at 49,359, -145 points for the week. Crude oil  settled at $59.3, +0.52. Dollar Index  settled at 99.38, +0.24. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,532, -156. Corn March futures settled at $4.24¾, -21¢ for the we

Tidbits When commodity futures prices add carry (return to storage) for a given commodity, it is telling farmers it will pay farmers to store that commodity. Typically, in a down market, the carry increases. Logically, in an up market, the carry decreases as the market reduces the incentive to store.   In recent years, we have developed a great deal of respect for the changes in the carry as a long-term indicator of the price direction.   Last year, the USDA presented a corn

Tidbits

Tidbits Ag Futures will not trade Sunday night to Monday afternoon morning due to Martin Luther King Jr. Day. Grain futures will reopen Monday evening at normal times. Exports: Yesterday morning, the USDA announced the sale of 136,000 mts of old crop corn to South Korea and 334,000 mts of old crop soybeans to China. Chinese customs data showed they imported 8.044 million mts of beans from all sources in December 2025, up 1.2% from December 2024. Total imports in 2025 at 111.8

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 here . 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, cha

Tidbits President Trump announced that he will immediately impose a 25% tariff on any country that does any business with Iran. According to the most recent World Bank data, Iran, an OPEC member, exported goods to 147 countries in 2022. Its largest trading partners are China, certain East Asian countries, Iraq, the United Arab Emirates, Turkey, and Germany. The price of crude oil rose by another $1.50. The Supreme Court is expected to issue their ruling on Trump’s tariffs tod

USDA's S&D Highlights The highlights of yesterday’s USDA data were: Corn yield: 186.5, 1.2 bushels above the highest  pre-report estimate.     Corn production was 294 million bushels more than the highest  estimate. Corn harvested acres: 900,000 more than the highest estimate with an increase of 1.22 million in January after an increase of 1.38 million in September after a 1.93 million increase  in August. Corn world carryover was 7.91 million mts more than the highest estima

The numbers were bearish for corn, wheat and beans.   CBOT 20 Minutes After Report Mar corn -17 Mar beans -14 July CBOT wheat -8 July KC wheat -9 Sept Spring wheat -1    Do not panic sell. If anything, buy some futures to offset previous cash sales. There will not be any worse news than this and users will be buying ahead. The market is not going to believe these corn production numbers.

Corn Outlook & Tidbits At 11 AM Central Time today USDA will release its final 2025 crop production reports, monthly S&D for the U.S. and the world, as well actual planted acres for winter wheat. We will send you the numbers as quickly as we can.   Corn prices:  Yesterday afternoon Teucrium Investments reminded its clients that seasonal studies show that corn frequently finds a post-harvest low in early autumn before stabilizing and pushing higher into year-end and beyond. Th

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. Dow Jones  Industrial Average Index settled on Friday at 49,504, +1,122 points for the week. Crude oil  settled at $58.78, +1.45. Dollar Index  settled at 99.14, +0.71. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,688, -194. Corn March futures settled at $4.45¾, +8¼¢ for the