Grain Marketing Education, News & Strategies

Tidbits Flash Sales: Yesterday morning, the USDA announced the sale of 132,000 mts of new crop soybeans to China. Feedback: Some farmers in Central Minnesota (Morrison County) said they will start chopping corn Monday if they do not get rain this weekend. The U.S. GDP for the second quarter came in at 1.5% growth rate vs. 1.8% expected. Jobless claims were increased to 197,000 vs. 201,000 expected and below the recent average. The June Personal Consumption Expenditure (PCE) P

Rolling HTA Contracts A client came up short on bushels to fill a July HTA contract for June delivery. The merchandiser suggested the client roll the portion of the undelivered bushels from July to November and deliver the bushels this fall. Our client agreed. He was surprised to learn his new November HTA price was higher than his July HTA. He asked how that could happen? The gain or loss on the roll from July to November has nothing to do with the price of the July HTA, w

Highlights Trump’s newly appointed counterterrorism adviser, Sebastian Gorka, says Trump plans to end the Ukraine war by threatening to flood Ukraine with military aid, making current U.S. support look like “peanuts.” Andrey Sizov, the guru of Black Sea wheat market, reported yesterday afternoon that Russia, the world’s biggest wheat exporter, is gradually running out of inventory. "Russian total on-farm stocks: Lowest in three years, but still above average. Southern regi

Highlights Mexico is the leading export destination for US corn, receiving from 21% to 32% of US corn exported annually in recent years. US corn export sales to Mexico are at a near record pace. There are six railroad border crossings from the USA to Mexico. Two of them have been closed since 8 AM Monday as the Biden Administration pulled border personnel working the crossings to assist with the illegals crossing in the USA. However, others say the two border crossing point

Tidbits Caixin Media is China's most influential financial media group. The Caixin newsroom is recognized as an unrivaled producer of independent, investigative journalism in China, and an indispensable source of information for investors, business leaders, policy-makers, and academics. Supposedly, the Chinese government has no input into their conclusions and predictions. Caixin Global is Caixin’s English language outlet and it will report the results of its Purchasing Man

Highlights

Highlights Russia’s Deputy Prime Minister said Russia plans to increase their oil production in July as countries like India and China are buying up the cheap Russian oil. Grain, livestock, and dairy markets close Friday afternoon and do not open until Monday evening, in observance of Juneteenth on Monday the 20th. Extreme heat and humidity have killed at least 2,000 head of cattle in Kansas according to the Kansas Department of Health and Environment. The corn market is

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...