BASIC & RECENT MARKET INFO

Highlights On September 10, Kazakhstan will remove export restrictions on wheat and flour it set in May to lower domestic prices. Kazakhstan will produce 13.0 million mt of wheat this year, up from 11.8 million last year. The chairman of the board of Lukoil, Russia’s biggest privately held oil producer and one of the few Russian companies to criticize the invasion of Ukraine, has died after falling out of a hospital window. That is an example of why people who keep their mou

Highlights The Pro Farmer numbers were definitely bullish for corn and neutral for beans. With December corn up 14¼ Friday and November beans up 30, there is room for corn to move higher based upon the report, but the market will not accept Pro Farm’s corn number and it sees the bean number as neutral at best for Sunday evening’s opening. The market probably will price-in a corn yield of 173 to 174, but certainly not 169. If the USDA were to confirm 169 on the September 12th

Highlights Corn and beans were due for a downturn correction and the Pro Farmer Tour moving into Iowa yesterday was the trigger for profit taking on longs. Afterall, Iowa has more acres of corn and beans than any state and the Iowa weather was perceived to have been better than any where except Wisconsin. Reuters' Ag Reporter, Karen Braun, summed of Iowa's crop this way: Iowa corn yield comes in at 183.81 bu/acre, down 3.6% from last year's tour but even with the 3 yr avg. P

New Tidbits The Sierra Leone-flagged ship Razoni with 26,000 mts of corn, departed Odessa at 9:48 am local time on today heading to Lebanon. It is the first vessel to leave the port since late February. A Russian naval blockade still threatens Ukraine's commercial sea routes, while missile strikes have targeted several ports, as well as infrastructure for grain storage. There are 16 more grain ships are awaiting departure from Odessa, though much will depend on whether th

To read any or all of the previous lessons on Put Options, go to the Farm Futures link below.

September 2022 CBOT Wheat Puts Continuing Report After the Close Friday June 24, 2022: After tracking the September wheat puts daily from April 14th, 2022, on May 20th, we went a week to update as of the close of business on May 27th and no updates were issued for four weeks until today, June 24th, 2022. A “tic” is the smallest amount a price can change. For grain and soybeans futures, a tic is a quarter cent. For options, a tic is one-eighth of a cent. Options prices, aka

Olga has Master’s Degree in Mechanical Engineering and she was smart enough to marry me, so she is not a person of low intelligence. None-the-less, she had to study off-and-on long hours for 3+ years to understand futures markets and the two methods of market analysis, namely technical and fundamental, before she felt she was ready to start trading futures. At the time, she did not know there was such a thing as options on futures contracts. In part, that was by my design be

There are two grain markets. The futures market is the measure of the world supply and demand and the basis is the measure of local...

Highlights Grocery stores in the United Kingdom have started to limit the sale of sunflower oil. About half of the wheat flour millers in...

When a farmer contracts grain, that includes locking-in the futures price at to arrive at a cash price. Often times, the futures price...

US commodity futures markets are closed for President’s Day. They will open regular time this evening. President Biden had two phone...

USDA reported yesterday morning: 233,700 mts of old crop soybeans sold to unknown 66,000 mts of new crop soybeans sold to unknown Much of...

Roger Wright joins FarmProgress.com webinar for a live marketing discussion. He'll explore the idea of separating the pricing of the...

How An Eight Year Boy Saved the Kennedy Fortune: Bullish Consensus Bullish Consensus is the measure of how many market advisors are...

Open interest is the number of futures contracts on the books that must be offset at some later date with an equal, but opposite...

1 November 2021 An Englewood, Colorado based company called simply Gevo makes sustainable, low-carbon biofuel and chemicals. After ten...