Tidbits, Banks, Diesel, Basis Lock-In, Export Inspections, Markets & Rain Days Update 3/21/23
Highlights The stock value of First Republic Bank (FRB) slid to an all-time low yesterday after S&P Global lowered FRB’s credit rating...
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Wright Team
- Mar 16
- 4 min
Tidbits, Crude Oil, Fuel, Broilers & Ethanol, Markets & Rain Days Update 3/16/23
Highlights Crude oil traded 80¢ to $1.22 higher most of Tuesday evening to about the start of the business day in Europe. Crude oil...
Wright Team
- Mar 15
- 3 min
Tidbits, Markets & Rain Days Update 3/15/23
Tidbits Yesterday morning, the USDA announced the sale of 612,000 mts of old crop corn to China. While it is important the US sold that...
Wright Team
- Mar 6
- 5 min
Tidbits, Hedging Fuel & Fertilizers, Markets & Rain Days Update 3/6/23
Highlights On Sunday, China’s National Development & Reform Commission reported to the annual meeting of parliament the broad goals and...
Wright Team
- Mar 5
- 3 min
Tidbits, Fuel, Fertilizers, Rain Days Update 3/5/23
Highlights Agrinvest considers the 2022 global corn crop the biggest failure since 1996. Crops failed in parts of the US, Europe, Ukraine...
Wright Team
- Feb 22
- 3 min
Tidbits, SAF, SA Crop Estimates, Export Inspections, Markets & Rain Days Update 2/22/23
Highlights United Airlines announced yesterday it launched a $100-million investment to support start-up companies developing and...
Wright Team
- Feb 19
- 4 min
Tidbits, Cordoba Frost, Fuel Recommendations, Alan Bonifas, Rain Days Update 2/19/23
Yesterday morning: frost in Cordoba, Argentina. That is corn in the background. No information of how widespread or how serious the...
Wright Team
- Feb 6
- 4 min
Tidbits, India & Adani Group, Av. Diesel Price, Markets & Rain Days Update 2/6/23
Highlights Adani Group is an Indian multinational conglomerate. It was founded by Gautam Adani in 1988 as a commodity trading business....
Wright Team
- Feb 2
- 4 min
Tidbits, Veg Oils, SAF, Corn Spreads, Broilers & Ethanol, Markets & Rain Days Update 2/2/23
Highlights The Federal Reserve increased its base interest rate 25 basis points (one-fourth of 1%) yesterday as expected. The market...
Wright Team
- Jan 31
- 6 min
Tidbits, SAF Questions, Export Inspections, Markets & Rain Days Update 1/31/23
Highlights Mato Grosso (MT) grows 30+% of Brazil corn and beans. It is 2.5 times the size of Texas. Its soybean harvest is 13.6% complete...
Wright Team
- Jan 22
- 3 min
Tidbits, SAF, Rain Days Update 1/22/23
Highlights Rains of 1 to 3 inches (2.5 to 7.5 cm) Friday night through Saturday covered most of Argentina’s crop areas, namely the...
Wright Team
- Jan 9
- 4 min
Highlights, Soybean Meal, SA Crops, Fuel, Markets & Rain Days Update 1/9/23
Highlights Last month, insurance companies said they would add war risk to the ships in the Black Sea as of January 1st. Last week, the...
Wright Team
- Nov 25, 2022
- 5 min
Tidbits, Fuel, Markets & Rain Days Update 11/25/22
Highlights The EU plans to apply price caps on natural gas prices have hit a dead-end for the fourth time this year after EU energy...
Wright Team
- Nov 4, 2022
- 4 min
Tidbits, Fuel, Export Sales, Markets & Rain Days Update 11/4/22
Highlights Yesterday morning, CBOT wheat went from about 15 lower to unchanged in about ten minutes. The reason was the latest round of...
Wright Team
- Oct 29, 2022
- 3 min
Tidbits, Crude Oil, Markets & Rain Days Update 10/29/22
Highlights Yesterday morning, the USDA announced the sale of: 126,000 mts of soybeans to China 198,000 mts of soybeans to Spain Tidbits...
Wright Team
- Oct 24, 2022
- 2 min
Tidbits, Fuel, Cropland Value, Markets & Rain Days Update 10/24/22
Tidbits The weather has been so dry, harvest will soon be over and the basis will firm much sooner than normal. The corn basis has...
Wright Team
- Oct 6, 2022
- 3 min
Highlights, Broilers & Ethanol, Markets & Rain Days Update 10/6/22
Highlights OPEC+ announced yesterday it will cut crude oil production by 2 million barrels a day starting in November. It looks like WTI...
Wright Team
- Sep 5, 2022
- 4 min
Highlights, Soybean Expansion, Markets & Rain Days Update 9/5/22
Highlights After Sunday’s 6 to 10 day and 8 to 14 day weather forecasts were issued, last evening 247Ag reduced their corn yield...
Wright Team
- Aug 31, 2022
- 3 min
Highlights, Markets & Rain Days Update 8/31/22
Highlights A few days ago, we reported a client’s fuel supplier told him that they were unable to get a load of diesel and their truck...
Wright Team
- Aug 12, 2022
- 4 min
Highlights & Market Outlook, Export Sales, Markets & Rain Days Update 8/12/22
Highlights The USDA will issue its monthly Crop Production and Supply and Demand (S&D) Reports today at 10 AM Mountain Time. Roger...
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