BASIC & RECENT MARKET INFO

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. Dow Jones  Industrial Average Index settled on Friday at 46,987, -576 points for the week. Crude oil  settled at $59.84, -1.04. Dollar Index  settled at 99.56, -0.16. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,104, +138. Corn December futures settled at $4.27¼, -4¼¢ for th

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, cha

Tidbits The price of U.S. beans at the Gulf plus freight to China was $496 per mt on Friday, while beans from Brazil plus freight to China were $494. Monday evening, Gulf beans plus freight to China were $510 and Brazil beans were $492. China reportedly bought seven Panamax shiploads of U.S. soybeans last week, the first U.S. beans to China this year. Over the weekend, China bought 20 shiploads of beans from Brazil. Thus, China has bought about 420,000 mts of U.S. beans and h

Tidbits China bought 20 shiploads of Brazil’s soybeans over the weekend.   Bloomberg reported that China is seeking U.S. wheat offers for December through February shipment. That supported corn yesterday. The U.S. will suspend port fees for a year on China-linked vessels starting November 10 as part of deescalating maritime tensions, Bloomberg reports. The White House says the pause of measures aimed at countering China’s shipping dominance will last one year while the U.S. n

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. Dow Jones  Industrial Average Index settled on Friday at 47,563, +356 points for the week. Crude oil  settled at $60.88, -0.56. Dollar Index  settled at 99.72, +0.78. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,966, -25. Corn December futures settled at $4.31½, +8¼¢ for the

Soybeans Market & Risk Management There are three primary reasons farmers sell corn, wheat, and beans when they do.   The most common reason is farmers sell grain when they need the money. Since most farmers need money about the same time, that is why the lows are made as farmers sell about three-fourths of their grain in the bottom fourth of the year's price range.   The second reason farmers sell grain is because the price is profitable, so they sell some grain and hold bac

Tidbits Soybean export:  CHS reports that China bought at least four cargoes of soybeans on Friday. Shipments are scheduled for December and January and will originate from both the PNW and the Gulf.   A trader with “inside” connections says the USDA has 20 million mts of soybean exports to China plugged into the S&D for this marketing year. If so, the China deal will not result in an increase in exports on the next USDA S&D.   OPEC  will meet tomorrow to discuss December pro

Tidbits The government shutdown has reached day 30, approaching the record. The longest shutdown in U.S. history of 35 days occurred during Donald Trump's first presidency in 2019. The ongoing one has already cost the U.S. economy $7-14 billion, according to a new report from the nonpartisan Congressional Budget Office. Medicine:  Farmers and ranchers could face a major premium hike as expanded Affordable Care Act (ACA) tax credits expire at year’s end unless Congress acts. W

Tidbits The meeting between Trump and Xi Jinping lasted approximately 1 hour and 40 minutes. At the start of the talks, Trump stated that Beijing and Washington had already reached agreement on many issues and would continue this work during the summit. Following the talks, Trump headed straight to his special plane without making a joint statement. Trump’s comments on board Air Force One were the first we got on how these talks progressed. There has been no official statemen

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 47,207, +1,017 points for the week. Crude oil  settled at $61.44, +3.80. Dollar Index  settled at 98.94, +0.40. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,991, -78. Corn December futures settled at $4.23¼, +¾¢ for the week. Basis   (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cas

Tidbits Chinese and U.S.  officials will be meeting this weekend to prepare the agenda for next Thursday’s meeting of Trump and Xi to discuss “important issues”. Yesterday afternoon, Reuters reported that the Chinese oil majors have suspended purchases of Russian oil due to the U.S. sanctions. It seems like questionable news, because yesterday, commenting on U.S. sanctions against Russian oil companies, a representative of the Chinese Foreign Ministry stated at a briefing tha

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 46,191, +711 points for the week. Crude oil  settled at $57.64, -0.60. Dollar Index  settled at 98.54, -0.31. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,069, +133. Corn December futures settled at $4.22½, +9½¢ for the week. Basis   (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cas

Free DP for Soybeans From Reuters News: In an unusual offer during the peak of autumn harvesting, ADM is allowing farmers to deliver soy to its facility in Decatur, Illinois, and set the final sale price later, without paying for storage, the two sources said.   In exchange, ADM will take ownership of the soybeans, enabling it to process the crops, they added.   ADM’s offer, known as free deferred pricing, will be available to farmers until the end of October, and those who p

Tidbits The U.S. budget  deficit for fiscal year 2025 narrowed to $1.775 trillion, a decrease of $41 billion from the previous year, driven by record federal receipts, up 6% from 2024. The improvement was supported by record high tariffs and customs revenues. The fiscal year, ending September 30, 2025, covered nearly nine months under the new administration and marked the first annual deficit decline since 2022. After buying $20 billion worth of Argentine pesos on 9 October,

Tidbits China: About noon Central Time yesterday it was reported: “U.S. Trade Representative Greer says the Trump Administration thinks they will be able to "work through it" with China.” A meeting between President Trump and President Xi has officially been rescheduled. U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil. "I believe that China purposefully not buying our Soybeans,

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 45,480, -1,279 points for the week. Crude oil  settled at $58.24, -2.45. Dollar Index  settled at 98.854, +1.14. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,936, +35. Corn December futures settled at $4.13, -6¢ for the week. Basis   (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cas

Tidbits Politics and economics:  Thursday evening, the U.S. Senate passed its version of the National Defense Authorization Act (NDAA) for Fiscal Year 2026. It authorizes $913.9 billion in defense spending. The NDAA sets policy and funding priorities for the Department of Defense (or War), including modernization of military capabilities, support for service members, and enhancements to national security technologies. It now heads to the conference committee for reconciliatio