BASIC & RECENT MARKET INFO

Highlights Russia announced yesterday it will reduce its oil exports from its western ports by up to 25% in March, exceeding its...

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 21 , 2023: March corn settled on Tuesday at $5.80½, -1¾¢ from last Tuesday. December corn settled on Tuesday at $5.96½, -1¼¢ since last Tuesday. The past 7 days’ high was $5.97½, the low was $5.91¾.

Yesterday morning: frost in Cordoba, Argentina. That is corn in the background. No information of how widespread or how serious the...

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 14 , 2023: March corn settled on Tuesday at $5.82¼, +8¼¢ from last Tuesday. December corn settled on Tuesday at $5.97¾, +4¼¢ since last Tuesday. The past 7 days’ high was $5.98¾, the low was $5.89¾. Contract high is $6.79¼ made Apr 27, 2022;

Highlights The Nord Stream Pipeline is a natural gas pipeline from Russia to Germany running through the Baltic Sea, financed by Russia’s Gazprom and several European energy companies. A Pulitzer Prize-winning journalist, Seymour Hersh, reported last Wednesday that the Biden Administration decided to damage the pipeline to prevent Russia from boosting its income while reducing the dependence of Western Europe on inexpensive Russian gas. Now, four days later, it appears that

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...

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, January 31 , 2023: March corn settled on Tuesday at $6.79¾, up 8¾¢ for the week. December corn settled on Tuesday at $5.90¾. Price change Tuesday to Tuesday: down ½¢.

Highlights Hard red winter wheat led the wheat markets lower yesterday due to rain in the Southern Plains with more on rain tap. Beans and corn were lower due to rain in Argentina and the beans got an extra kick-in-the-head as the market continued to price-in the soon-to-be-made Brazilian crop. It was encouraging that March soft red winter wheat managed to recover enough to settle in the technical support area of $7.20, which supported the higher opening last evening. Eve

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, January 17 , 2023: March corn settled on Tuesday at $6.85¼, up $0.30½ for the week. December corn settled on Tuesday at $6.03¾. Price change Tuesday to Tuesday: up $0.14½. The past week’s high was $6.04½, the low was $5.83¾. Contract high is $6.79¼

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

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, January 10 , 2023: March corn settled on Tuesday at $6.55. Price change Tuesday to Tuesday: down $0.15½. The past week’s high was $6.71¾, the low was $6.48¼. Contract high is $7.68½ made May 16, 2022; Contract low is $3.95¾ made Dec 15, 2020; Rang

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

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, January 3 , 2023: March corn settled on Tuesday at $6.70½. Price change Tuesday to Tuesday: down $0.04¾. The past week’s high was $6.85, the low was $6.68.

Our Wednesday mailing included this statement: It is not a coincidence that the price of wheat has rallied 50 cents as the funds liquidated some of their short (sold) positions. Will they continue to be buyers? We will have to wait and see, but we can conclude anyone shorting (selling before buying) CBOT wheat right now will provide that trader with a high probability of a major league losing position. A client asked if that statement meant he should be selling wheat. No, S

Tidbits More than 150 missles plus an unknown number of Iranian drones hit Ukraine's energy infrastructure yesterday. People in Nigeria are wading through fast-flowing water, holding one another to avoid being swept away. The torrent was, until recently, the East-West Road in Nigeria's Rivers state, the gateway to the nation's oil and gas. Now parts of Rivers, along with large swaths of 32 other states, are inundated by the worst flooding in 12 years. Nigeria is a major crud

Highlights Officials in Beijing increased public covid checks and locked-down some residential apartment complexes after the covid case load increased fourfold in recent days. The word “lockdown” scared the crude oil bulls yesterday, but crude held in there with a nice comeback of $1.56 to settle down only 67 cents. We highly recommend no long crude oil or petroleum product positions because of China’s battle with covid. Starting Jan 5th, the US will require negative covid te

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, December 27 , 2022: March corn settled on Tuesday at $6.74¾. Price change Tuesday to Tuesday: up $0.22¾.

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, December 20 , 2022: March corn settled on Tuesday at $6.52. Price change Tuesday to Tuesday: down $0.01¼. The past week’s high was $6.55¾, the low was $6.44.

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, December 13 , 2022: March corn settled on Tuesday at $6.53½. Price change Tuesday to Tuesday: up $0.16¼.

Tidbits Yesterday morning, the USDA reported the largest one day bean sale since April: 118,000 mt of soybeans to China 718,000 mt of soybeans to unknown January soybean futures on the Dalian Exchange (China) settled at a five month high of US$20.01. The USDA will release its December S&D today at 11 AM Central. There will be no changes in the US production numbers. World production numbers are all subject to change and all foreign and domestic demand numbers are subject to