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, June 20 , 2023: July corn settled on Tuesday at $6.43¾, +31¼¢ from last Tuesday. December corn settled on Tuesday at $5.97½, +50½¢ since last Tuesday. The past 7 days’ high was $6.09, the low was $5.42½. Contract high is $6.79¼ made Apr 27, 2022; Co

Highlights The Tech Guy did a great job updating the weather situation with his mailing to his blog followers last evening. If you missed it, read it at: https://www.wrightonthemarket.com/post/tech-guy-weekend-comments-6-18-23 The Bank of China has been on an easy money policy for months to stimulate the economy. Tomorrow morning their time (10 PM Eastern Time today), the interest rate is expected to be reduced by 10 basis points (one tenth of one percent). The easier the mo

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 13 , 2023: July corn settled on Tuesday at $6.12½, +4½¢ from last Tuesday. December corn settled on Tuesday at $5.47, +6¢ since last Tuesday. The past 7 days’ high was $5.59½, the low was $5.20¼.

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 6 , 2023: July corn settled on Tuesday at $6.08, +14¢ from last Tuesday. December corn settled on Tuesday at $5.41, +15¾¢ since last Tuesday. The past 7 days’ high was $5.48, the low was $5.11¼. Contract high is $6.79¼ made Apr 27, 2022; Contra

Q&A: Gas Prices "Roger, do you have a recommendation for fall/winter l.p. prices? The quotes I received yesterday are the lowest ones so far this year and about 70 cents lower than last year. Thanks, Ross" (2 June 2023) Ross, after recommending clients not lock-in diesel, natural gas or propane costs for nearly a year, we made the recommendation to lock-in natural gas on 22 February 2023. The natural gas futures price rallied 8 consecutive days and has been in a modest downt

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, May 30 , 2023: July corn settled on Tuesday at $5.94, +16½¢ from last Tuesday. December corn settled on Tuesday at $5.25¼, +8½¢ since last Tuesday. The past 7 days’ high was $5.36¼, the low was $5.13½.

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, May 23 , 2023: July corn settled on Tuesday at $5.77½, -3¾¢ from last Tuesday. December corn settled on Tuesday at $5.16¾, +11½¢ since last Tuesday. The past 7 days’ high was $5.19½, the low was $4.90¾.

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, May 16 , 2023: July corn settled on Tuesday at $5.81¼, -3½¢ from last Tuesday. December corn settled on Tuesday at $5.05¼, -13¢ since last Tuesday. The past 7 days’ high was $5.21¼, the low was $5.01.

Brian Burnell suggested that July calls, which Roger recommended yesterday to buy, may not have enough life to catch the big move up. Brian is correct. Roger was thinking like a trader. We know markets do not go up every day nor do they go down every day (it just seems like they go down every day). If you already own a July call, you need to be looking for a very strong rally in the coming seven weeks and sell those July calls, wait for the futures price to correct lower and

For the dozens of you folks who have asked how to regain the financial loss resulting from buying fertilizer, diesel fuel and other inputs too soon, and not selling grain sooner, here is your chance to get that money back. Read the following carefully because this is possibly the most unique situation and opportunity you will ever have. Highlights Russia claims Ukrainian drones attacked the Kremlin in Moscow in an attempt to kill Putin Wednesday morning. No one was hurt and t

Your futures broker and your merchandiser want all May futures positions and basis contracts liquidated or rolled by the close of business today. Friday is the first day the CBOT will issue delivery assignments to the oldest long May contract futures contract on the books; Friday is what the trade calls “First Notice Day” (FND). For CBOT ag contracts, FND is always the last business day of the calendar month preceding the futures contract month. To learn about how the deliver

About pricing under breakeven From Kyle (and much the same from many folks yesterday midday): "Do I contract new crop at a price under my breakeven? I know... I hate to even ask it. I recently talked with a local grain buyer who is now retired and out of the game, so he has no skin in it anymore. He said he would sell all old crop and contract 50% new crop at today’s price. I said "well that's under my breakeven..." His reasoning was Brazil has a stellar crop (every 1 bu los

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, April 18 , 2023: May corn settled on Tuesday at $6.77½, +26½¢ from last Tuesday. December corn settled on Tuesday at $5.71, +11¾¢ since last Tuesday. The past 7 days’ high was $5.71, the low was $5.51¼.

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, April 11 , 2023: May corn settled on Tuesday at $6.51, -2¾¢ from last Tuesday. December corn settled on Tuesday at $5.59¼, -¾¢ since last Tuesday. The past 7 days’ high was $5.65½, the low was $5.50½. Contract high is $6.79¼ made Apr 27, 2022; Contra

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, April 4 , 2023: May corn settled on Tuesday at $6.53, +6½¢ from last Tuesday. December corn settled on Tuesday at $5.60, -12¼¢ since last Tuesday. The past 7 days’ high was $5.76¼, the low was $5.58¼.

Highlights Cargill and Viterra announced they will no longer export Russian grain as of beginning the new crop marketing year. That does not mean Russia will be shut-out of the wheat export market, but it will hurt them. The US wheat marketing year begins June 1st; the Russian wheat marketing year begins July 1st. USDA announced yesterday morning the sale of 204,000 mts of old crop corn to China. That is the 11th old crop corn export sale in the last 12 days. All but one of

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, March 21 , 2023: May corn settled on Tuesday at $6.30, +9¼¢ from last Tuesday. December corn settled on Tuesday at $5.56¾, -2½¢ since last Tuesday. The past 7 days’ high was $5.64¼, the low was $5.53¾

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, March 14 , 2023: May corn settled on Tuesday at $6.20¾, -13½¢ from last Tuesday. December corn settled on Tuesday at $5.59¼, -7¾¢ since last Tuesday. The past 7 days’ high was $5.67½, the low was $5.50¾.

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, March 7 , 2023: May corn settled on Tuesday at $6.34¼, +4¢ from last Tuesday. December corn settled on Tuesday at $5.67, -2¾¢ since last Tuesday. The past 7 days’ high was $5.73½, the low was $5.64.

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, February 28 , 2023: May corn settled on Tuesday at $6.30¼, -50¼¢ from last Tuesday. December corn settled on Tuesday at $5.69¾, -26¾¢ since last Tuesday. The past 7 days’ high was $5.96¼, the low was $5.68¾. Contract high is $6.79¼ made Apr 27, 2022;