BASIC & RECENT MARKET INFO

Tidbits U.S. grain markets are closed  and will have no day session today. Markets will be reopening for the evening session on Thursday. With the holiday, this week’s export sales report will be released on Friday, along with the cattle on feed report. The CFTC’s Commitment of Traders report will be delayed until Monday. The last trading day for July grain options is this Friday. Heavy rain  fell again Tuesday in South Central Kansas and into North Central Oklahoma. There ar

Tidbits Yesterday at midday, U.S. Commerce Secretary Howard Lutnick said the trade talks  with China in London were going well and he hoped they would end on Tuesday night but said they could run into Wednesday. Later, he said the two sides have reached a framework to implement the Geneva consensus and the call between their respective presidents. ADM reports Trump is looking at rolling back the port fees  on China vessels scheduled to take effect in October. Dr. Cordonnier i

Tidbits The markets are closed today for Good Friday. They will reopen normal times on Sunday. Why have soybean futures been surprisingly firm this month? Canola futures rose above CA$680 per mt yesterday, up $120 since 17 March, as tightening supplies compounded with robust global demand for vegetable oils spurred the rally. China’s 100% tariffs on Canadian canola meal and oil makes canola seed exports to the U.S. very important for Canadian farmers. The U.S. is Canada’s top

Highlights The BN and UP railroads are holding-up rail traffic at the US/Mexico border, which may have stopped all corn by rail to Mexico to halt illegal entry to the USA on freight trains. The railroads halted rail service to Mexico back in December due to illegal immigration. Who would have thought Biden’s policies on illegal entry to the USA would disrupt corn exports?   There are 163 million bushels of corn sold to Mexico yet to be shipped this marketing year. That is an

Highlights Eduardo Vanin is a cash grain trader of Agrinvest Commodities. He reports the Brazilian soybean market is tightening. The soybean basis for June and July export shipments traded substantially higher on Friday.   Mississippi River Gulf Ports basis bids for soybeans shipped by barge for export were steady to 2¢ firmer for May and 3¢ firmer for June for a second consecutive day on Friday on continued concerns about flood-damaged crops in Brazil. Corn basis bids were s

Market Comment The most asked questions yesterday were, “What happened to the corn market? Why is it so strong?” For one, common sense finally kicked-in. Yesterday morning, corn was trading lower for the 9th out of the last 10 days during which bullish fundamental tidbits continued to develop every day, but were ignored by the market. Eventually, the market must come to terms with dozens of bullish tidbits. Secondly, corn tested the September 19th low, making a double bot

One week from today will be the USDA’s September Crop Production and S&D Reports. All eyes will be on the US corn and beans yields as...

Euro Currency The European Union (EU) was formed in 1993. It is an organization of European countries to oversee their economic and political integration. Presently, the EU has 27 member countries. Ukraine has applied for EU membership, which is not likely to be approved until the war is over and Ukraine gets government and business corruption under control. Eurozone refers to the 19 European Union countries that use the euro currency. The euro was launched in January 19

A July weekend of weather forecasts predicting two weeks of moderate temperatures and above normal rainfall for the Corn Belt will always give you sharply lower prices like we had on Monday. When it is July and rain is predicted for Iowa, corn and beans prices will be lower. Never forget that. Weather forecasts change, the market will get oversold, basis will firm, and traders with common sense will buy futures on the dip. Yesterday was not nearly as terrible as it felt. Hi

Highlights Before December 5th, every controlled nuclear reaction that has ever occurred in this world produced a huge amount of energy from very little fuel by atomic fission, the destruction of an atom’s nucleus (uranium) to form smaller atoms. Since 1909, scientists have known nuclear fusion was possible. Fusion reactions fuse (join) two or more atoms together to form an atom with slightly lighter mass (weight in gravity) than the combined mass of the atoms that were fuse