Grain Marketing Education, News & Strategies

Tidbits Turkey is discussing a plan to create a new grain corridor in the Black Sea. According to local media, Turkey has intensified diplomatic contacts with Russia and Ukraine. The Chamber of Maritime Commerce of Turkey confirmed that it held meetings at the Ministry of Transport, where they spoke of "intense discussions" regarding a new grain deal. However, no specific deadlines have been mentioned. We do not see any way this grain corridor will be created any time soon, b

Market Comment There was no new news yesterday that justified such strong action. It felt like the buying was more of a ground-swell of bullish news that had not been fully priced into these markets for the past two years. Eduardo Vanin is a soybean export trader with AgrInvest Commodities said: “Seems market realized Brazil will not have enough beans to cover China and Brazil's local industry. Soybean meal up ~2.5% today. Market in China turned to (government) auctions, Arge

Tidbits Market Comment: December corn opened 2 to 4¢ higher last evening and then proceeded to move 13¢ higher in the first two hours of trading. Wheat was a follower gaining 2¢ less than the corn. Soybeans were down 4 to 7¢ as the Pro Farmers yield numbers were more than a half bushel above the USDA’s. The next USDA crop production report is 11 September, 14 trading days away. A lot can happen between now and 11 September. Keep in mind, StoneX put the corn yield at 184.8 and

Tidbits Markets: Corn closed the week strong, supported by aggressive buying in wheat. September corn gained 11¢, while December added 11¼¢. For the week, December corn gained 21¼ cents. The lack of a cease-fire agreement between Russia and Ukraine sent wheat futures sharply higher, with SRW gaining more than 3% and HRW rising over 4%. September soybeans gained 11¾¢ while November gained 10¼¢. Higher crude oil and continued new-crop soybean sales to China also added support.

Tidbits Weather: Crop Prophet reported yesterday afternoon all three major forecast models place the Western Corn Belt on the warmer and drier side of normal through early August. Russian wheat production estimate was reduced by SovEcon by 0.6 million to 88.3 million mts. This is now just below the USDA’s forecast of 88.5 million mts. Brazil’s CONAB estimated 97% of Brazil’s wheat area has been planted as of July 19, matching the five-year average. CONAB is estimating Brazil’

Tidbits Baker Hughes reported there were 563 oil and gas drilling rigs in operation last week in the USA. That is 1 more than last week and 9 more than a year ago. Canada had 186 rigs drilling this past week, 6 more than the previous week and 47 more than a year ago! CGB at Gladstone Bluff, Illinois (on The River) Friday evening compared to last week: Corn spot delivery: -16N (16 under July), 2¢ weaker = $4.02 Fall delivery: -32Z (32 under December), steady = $4.12 Soybean

Tidbits Tariffs & Trade: The Trump administration on Tuesday proposed imposing additional duties of 10% or ​12.5% on imports from 60 economies after determining their failures to curb trade in ‌goods made with forced labor are unreasonable and restrict U.S. commerce. The proposal from the U.S. Trade Representative's office is the latest finding from a Section 301 unfair trade practices investigation to be released as the Trump administration seeks to ​rebuild its emergency ta

Jon Scheve with weekly market commentary made on June 20, 2025 December corn finished its third week of closing between $4.35 and...

Jon Scheve with weekly market commentary made on June 13, 2025 The June USDA report is typically one of the least exciting reports of the...

Jon Scheve with weekly market commentary made on June 6, 2025 Over the last month, July corn has fallen from $4.70 to $4.40. Some of this...

Jon Scheve with weekly market commentary made on May 9, 2025 Understanding spreads in the futures market is important for farmers to...

Jon Scheve with weekly market commentary made on May 2, 2025 How The Delivery Process Works I have received requests for an explanation...

Jon Scheve with weekly market commentary made on April 25, 2025 The corn market doesn’t seem concerned with the possibility of tighter...

Jon Scheve with weekly market commentary made on April 18, 2025 National yields are always highly debated within the trade from when they...

Jon Scheve with weekly market commentary made on April 11, 2025 The USDA released their updated supply and demand estimates after the...

Jon Scheve with weekly market commentary made on March 21, 2025 Currently, there are a lot of upcoming variables that could have a big...

Jon Scheve with weekly market commentary made on March 14, 2025 Some market participants were disappointed to see no changes to corn...

Jon Scheve with weekly market commentary made on March 7, 2025 May corn started the week down 15 cents, likely due to the tariffs being...

Jon Scheve with weekly market commentary made on February 28, 2025 In 8 trading sessions, the corn market has lost nearly 50 cents per...

Jon Scheve with weekly market commentary made on February 14, 2025 The February USDA report was published, and like usual, it didn’t...