BASIC & RECENT MARKET INFO

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 16 , 2022: December corn settled on Tuesday at $6.10¼. Price change Tuesday to Tuesday: down $0.03¾. The past week’s high was $6.42¾, the low was $6.07¾. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; R

Highlights A congressional delegation landed in Taiwan early Sunday morning to meet with Taiwanese leaders and discuss U.S.-Taiwan relations. China has not officially commented on the visit, but yesterday eleven Chinese military aircraft entered Taiwan’s air space as China continues military drills near the island that began before Pelosi’s visits. This visit could be a serious short-term negative for beans in the week ahead. From a Kansas client last Friday: I sold my corn f

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 9 , 2022: December corn settled on Tuesday at $6.14. Price change Tuesday to Tuesday: up $0.19¾. The past week’s high was $6.24½, the low was $5.87½. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Range

Highlights The USDA will release its satellite generated Crop Report and resulting S&D on Friday at 11:00am CT. The FSA will release their Crop Acreage report the same day, with our first look at their estimate of Prevent Plant acres. This will include a resurvey of North Dakota actual planted acres. Yesterday morning, the USDA announced the sale of: 132,000 mts of new crop soybeans to China 105,000 mts of new crop corn to Italy 120,000 mts of new crop corn to unknown

Pay Attention to Markets, Decide and Take Action In the days before cell phone, Roger was told by farmers at least a hundred times, “I was side dressing corn (or spraying or cultivating a crop) as I listened to the farm reports on the radio and told myself I needed to do some pricing, but I will finish side dressing in a few days and I will do it then. Every dag-gone year, by the time I got around to pricing, the price would be 30 or so cents lower, so I did not price anythin

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 2 , 2022: December corn settled on Tuesday at $5.94¼. Price change Tuesday to Tuesday: down $0.06½. The past week’s high was $6.36½, the low was $5.92½.

New Tidbits The Sierra Leone-flagged ship Razoni with 26,000 mts of corn, departed Odessa at 9:48 am local time on today heading to Lebanon. It is the first vessel to leave the port since late February. A Russian naval blockade still threatens Ukraine's commercial sea routes, while missile strikes have targeted several ports, as well as infrastructure for grain storage. There are 16 more grain ships are awaiting departure from Odessa, though much will depend on whether th

Highlights Olexii Vadatursky revived grain export and river bulk transport industries for Ukraine after the collapse of the Soviet Union in 1991. He supported medics amid the recent pandemic. Olexii and his wife were killed Sunday morning by a targeted Russian missile strike while sleeping in their home in the port city Mykolaiv. All grain people in Eastern Europe had great respect for Olexii as he made grain farming in Ukraine profitable again for the first time since 1914.

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday.

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday.

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday.

Compared to what was expected, the numbers are slightly negative corn, neutral to friendly soybeans and negative wheat.

Put Options

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, July 5 , 2022: December corn settled on Tuesday at $5.78¾. Price change Tuesday to Tuesday: down $0.80½. The past week’s high was $6.62½, the low was $5.71. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Range i

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, June 28th, 2022: December corn settled Tuesday at $6.59¼. Price Change Tuesday to Tuesday: down $0.42¼. The past week’s high was $7.05½, the low was $6.44¼. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range

Corn and beans are in the midst of a blow-off bottom. The corn and bean crops are far from being made. This year has more “problem” crop areas and the weather forecasts are just as intimidating, if not more so, than last year at this time. Last year, December 2021 corn made its June low on June 24th (today is June 23rd). On July 1st, December 2021 corn traded 97 cents higher than the June 24th low. November beans traded at $12.59¾ on June 25th, 2021. On July first, Novembe

Highlights To us, the weather forecast for the next 14 days indicates beans and, especially corn, should have a dominating rally to test last week’s highs. However, July options expire Friday, which is always a negative factor for futures prices and, admittedly, the weather forecast 10 days out is cooler with a somewhat better chance of light rains. However, there are many days of hot and mostly dry weather in to the first week of July. There will be short covering before thi

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn situation after the close Tuesday, June 21th, 2022: December corn settled Tuesday at $7.01½. Price Change Tuesday to Tuesday: down $0.19¾. The past week’s high was $7.49¼, the low was $6.90½. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.64¾ below the 24-month high; $3.32¼ above the 24-month low. USDA’s 2021

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

Summary & recommendations for corn, soybeans and wheat this week.