BASIC & RECENT MARKET INFO

Tidbits / Market Comment When it comes to marketing grain and oil seeds,  you are living in historic times. Never have we had so many variables, any one of which could send the market sharply higher or lower.   Your market plan needs to include  risk management , which requires some mental time and maybe money.   Soybeans have the potential to drop a dollar or more. Now that the 45Z decision has been delayed for as many as 60 days, the upside potential for beans depends on ho

Tidbits The market will be closed  on Thursday observing the Thanksgiving holiday. The final crop progress  report for the season: Winter wheat planting is at 97% complete - one of the most late-season endings. It is rated 55% good or excellent, 6% points improvement from a week ago and 10 better than five-year average level. As of the third week of November, Ukraine's total grain harvest  is 53.4 million mts, a 3.8% decline compared to the previous year, which includes 23.6

At the beginning of this marketing year (1 September), U.S. soybean export sales for this crop year were 15% less than the previous year. Karen Braun reported Friday U.S. soybean sales were 10% higher than a year ago for this marketing year. She also said sales to China were down 7% from a year ago. There are two ways to look at that; does it mean China is more likely to buy more than the normal tonnage of beans in the coming two months to "catch-up" or they just do not need

Below is the projected S&D (with yields) for Grain & Beans. Here is the link to the full report for oilseeds and grains:...

Highlights A drone launched from Iran struck the Israeli-linked tanker MV Chem Pluto  350 km off the Indian coast. The vessel is carrying crude oil from Saudi Arabia to India. No casualties, but some structural damage was done, there was a fire, and the ship did take on some water. Iran is attacking Saudi and Indian interests   The final third quarter USA GDP estimate expanded by 4.9%; market expected 5.2%. Where is that recession?   California’s Proposition 12 requires all f