BASIC & RECENT MARKET INFO

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,119, -31.47 points for the week. Crude oil  settled at $81.46, +0.87. The Dollar Index  settled at 105.85, +0.02. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,050, +53 for the week. Corn September futures  at $4.07½, -33¢ for the week. Basis   (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,150, +561.17 points for the week. Crude oil  settled at $80.59, +2.10. The Dollar Index  settled at 105.83, +0.31. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,997, +49 for the week. Corn July futures  at $4.35, -15¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis =

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, June 18 , 2024: July corn settled yesterday at $4.50, +½¢. December corn settled yesterday at $4.67¾,

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,589, -209.83 points for the week. Crude oil  settled at $78.49, +3.11. The Dollar Index  settled at 105.52, +0.58. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,948, +67 for the week. Corn July futures  at $4.48¾, +2½¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis

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

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,799, +112.67 points for the week. Crude oil  settled at $75.38, -1.80. The Dollar Index  settled at 104.94, +0.32. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,881, +66 for the week. Corn July futures  at $4.48¾, +2½¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis

Tidbits The first heat wave of the year continued the third day in the U.S. Southwest on Saturday after setting record highs well above 110 degrees Fahrenheit in California to Arizona.   About half of Arizona and Nevada were under an excessive heat alert. Las Vegas has never been hotter this early in the year. After setting a new record of 111 F (43.8 C) on Thursday, Las Vegas quickly broke another record early Friday afternoon as it hit 110 F (48.3 C) and surpassed the recor

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, June 4 , 2024: July corn settled yesterday at $4.42½, -20¢. December corn settled yesterday at $4.62,

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,686, -383.27 points for the week. Crude oil  settled at $77.18, -0.62. The Dollar Index  settled at 104.62, -0.13. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,815, +18 for the week. Corn July futures  at $4.46¼, -18½¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis

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

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,070, -934 points for the week. Crude oil  settled at $77.8, -2.20. The Dollar Index  settled at 104.75, +0.25. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,797, -47 for the week. Corn July futures  at $4.64¾, +12¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = C

Highlights June CBOT options expire tomorrow. Yesterday, China soybean futures traded at highs for the year at the equivalent of $15.27 per bushel. The chatter yesterday was that as many as 8 shiploads of US soybeans were booked to be shipped out of the PNW ports to China.     Yes, we really think beans will get to $13+. Corn in China is in a nice uptrend, there is some reason for optimism:

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, May 21 , 2024: July corn settled yesterday at $4.58, -9½¢ since last Tuesday. The past 7 days’ high wa

Highlights Eduardo Vanin is a cash grain trader of Agrinvest Commodities. He reports the Brazilian soybean market is tightening. The soybean basis for June and July export shipments traded substantially higher on Friday.   Mississippi River Gulf Ports basis bids for soybeans shipped by barge for export were steady to 2¢ firmer for May and 3¢ firmer for June for a second consecutive day on Friday on continued concerns about flood-damaged crops in Brazil. Corn basis bids were s

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 40,004, +490.75 points for the week. Crude oil  settled at $80, +1.80. The Dollar Index  settled at 104.5, -0.81. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,844, -285 for the week. Corn July futures  at $4.52½, -17¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis =

Highlights Soybean open interest increased more than 25,000 contracts on Friday's rally. Only one day in the past year (Mid-Feb) was there a larger increase in soybean open interest. More friendly soybean news in today’s Weekly Basis.   While many analysts and cash grain merchandisers are bad mouthing the soybean price outlook because there are no US bean sales on the books to China. However, there have been 890.7 million new crop bushels booked for export and most of those b

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, May 14 , 2024: July corn settled yesterday at $4.67½, +½¢ since last Tuesday. The past 7 days’ high wa

Highlights Between October and January are the traditional months the U.S. dominates sourcing soybeans to China. However, this marketing year, 46% were from Brazil, up from 29% two years earlier. The two primary reasons are Brazil’s soybean production and storage capacity is growing faster than Chinese demand for soybeans and the U.S. and China trade and political relationships have been in down-trend ever since Biden refused to reduce or remove Trump’s tariffs on most Chines

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled...

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) for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close  Tuesday, May 7 , 2024: July corn settled yesterday at $4.67, +27½¢ since last Tuesday. The past 7 days’ high wa