BASIC & RECENT MARKET INFO

Highlights Ukraine has reached an agreement with Poland on the resumption of the transit of Ukrainian food through Poland to the Baltic Sea beginning this evening. The U.S. Ag Attaché in Argentina lowered his estimate of the country’s soybean production to 23.9 million mts (USDA at 27). That would be the lowest in 24 years and a yield estimate of 23.5 bu/acre would be the poorest in almost 50 years. Russia is blocking Turkey’s inspection of ships loaded with Ukrainian grain

Highlights On Sunday, China’s National Development & Reform Commission reported to the annual meeting of parliament the broad goals and plans for the year ahead. Since China is the #2 economy in the world and seeks to become #1 economy and it is a major trade partner for most countries of the world, whatever China plans to do is important. China’s 2023 goal is for the economy to expand by ~5%, which is a half percent lower than last year's target. Actual growth in 2022 was

Highlights Agrinvest considers the 2022 global corn crop the biggest failure since 1996. Crops failed in parts of the US, Europe, Ukraine and Argentina. In all, the reduction exceeds 50 million tons from a year ago. USDA reports on its world S&D the corn produced in 2022 was 61 million mt (2.41 billion bushels, 5%) less than the corn produced in 2021. In Kansas, the largest wheat producing state in the United States, just 19% of its acres are rated good to excellent for the

Roger’s reference yesterday to Market Analyst Bill Crowder recommending his clients sell all corn and beans needs to be modified. Bill did send the email to his clients, but he was forwarding Bill Ryan’s email. Mr. Ryan’s email is: bill@crokerrhyne.com We apologize to Mr. Bill Crowder. Thanks, once again, John. Highlights Russia said they will not sign the Ukraine grain corridor deal unless Russia's agricultural and fertilizer producers are “taken into account.” With or witho

Highlights The soybean fields of Argentina and Rio Grande do Sul (RGDS), Brazil’s southern state, had temperatures 100 to 104°F (38 to 40°C) over the weekend with the next 7 days predicted to be above normal temperatures and below normal, but with some rainfall, the next few days. Up until late January, the market bought the baloney that any drought in Argentina and RGDS resulting in fewer beans would be more than offset by the above average rainfall in Northern Brazil. We

February CBOT options expire today. Highlights Tampa is probably the biggest port for US fertilizer coming and going. Ammonia prices were down 19% yesterday. February AA priced at $790 per mt, down from January’s $975. Natural Gas prices have declined over 50% in just the last 6 weeks, trading at the lowest price since May of 2021. It is possible that the restart of the Freeport LNG plant in Texas will cause US natural gas prices to increase as more pipeline natural gas will

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

Highlights China has bought 3+ million mt of Argentine beans since the “fire” sale began in Argentina two weeks ago. Argentine farmers are facing the driest conditions in 30 years as corn planting is set to begin. Some rain is possible over the weekend, but relief will be very temporary. Kory Melby, Brazilian agriculture consultant: "Rain predicted for next Thursday in Goiania. Rained in Rio Verde the day before yesterday. We have clouds in the sky now. Dry season is coming

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Highlights Tomorrow at 10 AM Mountain Time the USDA will issue its monthly S&D with revised world production numbers. Not much is expected other than soybean exports should be increased 25 to 30 million bushels. The USDA will wait until the Quarterly Stocks and Actual Planted Acres Reports on 30 June before making big changes on the July S&D. India may get the UN nod to export 600,00 mt of wheat. Supposedly a big relief to traders, shippers, importers, and logistics partners

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Highlights One year ago yesterday, 85% of North Dakota was in a severe drought (rated D3). This week, North Dakota is rated 4% very...

John Deere will sell machine-servicing software to farmers and mechanic shops beginning in May. More than 10 million egg-laying hens have...

Twelve ballistic missiles hit near the US consulate in Erbil in Northwestern Iraq Saturday (last) night. Tracking the trajectory of the...

Yesterday morning, the USDA announced the sale of: 128,900 mts of old crop corn to unknown 264,000 mts of new crop soybeans to China Old...

Daily Updates Even though the leadership of Ukraine asked Putin for terms of surrender Friday morning, many Ukrainian soldiers are...