BASIC & RECENT MARKET INFO

Tidbits Flash sale: Yesterday morning, the USDA announced the sale of 100,000 mts of new crop corn to Colombia and 125,741 mts of new crop corn to Mexico. Soft red winter wheat  was strong yesterday for no apparent reason. In such situations, at the end of the day, market comments report there was a rumor China was shopping for U.S. products, in this case, soft red winter wheat.     Coconut oil  is one of the nine vegetable oils traded worldwide. Coconut oil prices in India h

Tidbits A federal appeals court  granted a Trump administration request yesterday to reinstate the tariffs  struck down by the U.S. Court of International Trade on Wednesday ruling President Trump overstepped his authority when he cited the 1977 International Emergency Economic Powers Act (IEEPA) as justification for levying tariffs. The IEEPA authorizes the President to act when an unusual and extraordinary threat to the United States, originating in whole or substantial par

Upcoming Reports CONAB is Brazil’s USDA and it will issue its monthly crop production report early Thursday morning followed by USDA’s at noon Eastern time. There are rumors in the market that CONAB's corn production numbers may be reduced much more than the market expects. Analysts say the USDA, on the other hand, is showing a “more optimistic scenario than reality” as Brazil has a very significant reduction of safrinha corn acres.   USDA's National Agricultural Statistical

Crop Feedbacks Bill in North Central Kentucky called Roger yesterday shortly after noon to let us know that ADM at Silver Grove, KY, across the Ohio River from Cincinnati, pushed (firmed) their soybean bid to $13.00 cash, which was 13¢ firmer than their posted offer. Dave in Northeast Illinois has cut 2200 acres of beans which averaged 55 bu, down 7 bushels from the past two year average. Thanks, Dave. Matt in Northwest/Central Ohio harvested 15 tons of cereal rye forage la

Highlights The USDA’s weekly export sales had corn and wheat sales higher than the top end of the range of expectations. It is not a miracle; North America has always been the wheat supplier of last result. The January sharply increased insurance rates for ships in the Black Sea and increased export tax on Russian wheat, it was time for Canada and USA to get some wheat sold. Argentina and Ukraine are the world’s #3 and #4 corn exporters and they both have serious problems exp

A big thanks to Jeremy Frost ( jfrost@banghartproperties.com 605 295 3100) and Jake Kubela ( jake@kubelahedging.com 701 403 3472) for explaining their marketing services and providing the market commentary for our mailing on Friday and Saturday. Roger and Olga were in Washington D.C. with their daughter and son-in-law who wanted to get first-hand exposure to American History and culture. If there is even a remote possibility now or in the future that Jeremey or Jake might

Highlights The USDA numbers were very neutral. There were no changes to the national average prices expected to be paid to farmers for corn, wheat or soybeans. The USDA did not reduce corn exports and did not raise Russian wheat production. Big surprise! The UN is negotiating a year long deal for the export of Ukrainian grain and the market actually thinks it will happen and speculators are selling wheat. Big mistake! Russia said it is withdrawing troops from west of the