BASIC & RECENT MARKET INFO

CBOT will begin trading at 7 PM Central Time this evening. Crude oil started trading last evening. Highlights NATO defense ministers will meet on January 20. Ukraine, naturally, wants NATO to increase its support for the war and obviously wants to sway EU public opinion to support continued deliveries of military equipment and money to Ukraine. On Sunday, Russian news service reported Ukrainian agents intentionally destroyed a grain elevator in northeast Ukraine to accuse Ru

Tax Time: Wright on the Market, 8472 State Route 161, Mechanicsburg, Ohio 43044; Tax ID number, aka employer ID number is: 85-3860442 Here is the link for the margin requirements for futures contracts. It can and does change frequently. Soybean margin for speculators was $3350 on Thursday; now it is $3960. If you trade futures, you will be glad if you save this link: https://ww2.rjobrien.com/documents/shared/margins/margins.pdf Tidbits CONAB is Brazil’s USDA. On Friday, beca

After Friday’s normal closing time, CBOT will not reopen until Monday evening in observance of MLK. Highlights The USDA will dump a truck load of numbers at 10 AM Mountain Time today. We do not expect any big surprises, but if there is one (or more) surprise, we expect it will be bullish in the form the USDA will say the US grain inventory is less than the market expects and/or the South American crops are smaller than expected. Any bearish news will be a gift opportunity for

Highlights The World Bank expects global economic growth to be 1.7% in 2023 and 2.7% in 2024 with the Russian economy to contract by 3.3% in 2023 and expand 1.6% in 2024. Goldman Sachs, on the other hand, said the US economy may avoid a recession entirely. They are a lone wolf among Wall Street firms and economic think tanks. For those of you who have been with us for a while, know we have been saying the same thing for several months. Goldman goes so far to say the EU may al

May Wheat: Steady to 1 higher May Corn: Stedy to 1 higher May Beans: 1 to 3 lower Tech Guy’s Comments: Corn and beans continued to show...

Wheat We recommended buying wheat puts this morning. Our clients grow: Hard Spring Wheat traded at the Minneapolis Grain Exchange (MGE)...