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It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,676, +436.02 points for the week. Crude oil  settled at $77.99, -5.67. The Dollar Index  settled at 105.08, -1.01. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,876, +155 for the week. Corn July futures  at $4.60¼, +10¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basi

Highlights Reasons corn and beans were strong yesterday:   After months of friendly to somewhat bullish fundamental tidbits and firming basis, the growing season has arrived in North America as the growing season comes to an end in South America. On both continents, there are minor weather problems.   The Black Sea’s largest grain export port is Ukraine’s Odessa. Russia hit military objects hard there on Thursday morning with cruise missiles and reports say a lot of damage wi

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, April 30 , 2024: July corn settled yesterday at $4.39½, -3½¢ since last Tuesday. The past 7 days’ high

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,240, +253.26 points for the week. Crude oil  settled at $83.66, +0.42. The Dollar Index  settled at 106.09, -0.03. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,721, -198 for the week. Corn May futures  at $4.40, +6½¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis =

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37,986, +3.16 points for the week. Crude oil  settled at $83.24, -2.21. The Dollar Index  settled at 106.12, +0.11. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,919, +190 for the week. Corn May futures  at $4.33½, -2¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis = C

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, April 16 , 2024: May corn settled yesterday at $4.31, -¼¢ since last Tuesday. The past 7 days’ high wa

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37,983, -920.80 points for the week. Crude oil  settled at $85.45, -1.28. The Dollar Index  settled at 106.01, +1.72. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,729, +101 for the week. Corn May futures  at $4.35½, +1¼¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May 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, April 9 , 2024: May corn settled yesterday at $4.31¼, +4¾¢ since last Tuesday. The past 7 days’ high w

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,904, -903.33 points for the week. Crude oil  settled at $86.73, +3.62. The Dollar Index  settled at 104.29, -0.20. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,628, -193 for the week. Corn May futures  at $4.34¼, -7¾¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May 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, April 2 , 2024: May corn settled yesterday at $4.26½, -6¢ since last Tuesday. The past 7 days’ high wa

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,807, +331.47 points for the week. Crude oil  settled at $83.11, +2.29. The Dollar Index  settled at 104.49, +0.06. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,821, -375 for the week. Corn May futures  at $4.42, +2¾¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May 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, March 26 , 2024: May corn settled on Tuesday at $4.32½, -7¢ since last Tuesday. The past 7 days’ high

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,476, +761.13 points for the week. Crude oil  settled at $80.82, -0.18. The Dollar Index  settled at 104.43, +0.98. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,196, -178 for the week. Corn May futures  at $4.39¼, +2½¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis

Planting Intentions Survey At noon Eastern Time on Thursday, 28 March, the USDA will issue results of its survey of farmers planting intentions for corn, beans and spring wheat as well as the inventory of grains and oilseeds on hand as of March 1st. So, both new and old crops will get a major dose of information that could move the market sharply up or down.   CBOT will be closed on Good Friday, March 29. No markets Thursday evening. Trade resumes normal evening session on Ea

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, March 19 , 2024: May corn settled on Tuesday at $4.39½, -2¼¢ since last Tuesday. The past 7 days’ high

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,715, -7.92 points for the week. Crude oil  settled at $81, +3.15. The Dollar Index  settled at 103.45, +0.71. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,374, +29 for the week. Corn May futures  at $4.36¾, -3¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash

Highlights NOPA posted a record February soybean crush by almost 20 mil bushels as new facilities come online and processors make up for lost ground due to January weather. The previous record for February was 166.28 mil bu. in 2020; February 2024 NOPA crush was 186.194 mil bu. (average estimate was 178). It is looking more and more like the USDA is 100 mil. bu. too low on their projected crush for this marketing year.   Agrinvest Brokers have reported Paraguay soybeans began

We attach the master market plan we recommend you to follow for all your grain crops. The decision-making tools are the same as in the past, but the importance of fundamental outlook has been down-graded to an equal value with the other three factors. In 2019 and 2023 into 2024, fundamental factors were totally ignored by the market and it was costly to you.     All of us farmer-type people put way too much importance on the fundamentals. We see a bad weather forecast or dry

Tidbits Angie Setzer has been in the cash grain industry for over 18 years. She has dedicated her career to learning the ins and outs of the cash grain business from both the commercial and the farmer side, working to marry the two, teaching farmers to manage grain as an elevator would.  She left the elevator business to launch Consus in 2021. Angie also writes for Barchart on Sundays. The first part of her article yesterday covers the bean market news for the past six months

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,723, -364.69 points for the week. Crude oil  settled at $77.85, -1.96. The Dollar Index  settled at 102.74, -1.15. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,345, +142 for the week. Corn May futures  at $4.39¾, +15¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis