BASIC & RECENT MARKET INFO

Tidbits, S&D, Soybeans While the current marketing year S&D information presented in yesterday’s monthly report was a non-event, the brain-trust at USDA is really digging deep into the records to explain why they are finding fewer soybeans in the world than their numbers have been showing for the past two years.   The USDA significantly reduced the world carryover for the 2021-22 crop marketing year. After copying the numbers from the USDA website, we thought we had made a mi

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 5 , 2024: May corn settled on Tuesday at $4.26¼, +18¢ 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 39,087, -44.15 points for the week. Crude oil  settled at $79.81, +3.24. The Dollar Index  settled at 103.89, -0.07. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,203, +337 for the week. Corn May futures  at $4.24¾, +11¼¢ 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, February 27 , 2024: March corn settled on Tuesday at $4.08¼, -10½¢ since last Tuesday. The past 7 days

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,132, +503.54 points for the week. Crude oil  settled at $76.57, -2.65. The Dollar Index  settled at 103.96, -0.32. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,866, +256 for the week. Corn March futures  at $3.99¾, -16¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + 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, February 20 , 2024: March corn settled on Tuesday at $4.18¾, -12¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,628, -43.70 points for the week. Crude oil  settled at $79.22, +2.62. The Dollar Index  settled at 104.28, +0.20. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,610, +65 for the week. Corn March futures  at $4.16½, -12½¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

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, February 13 , 2024: March corn settled on Tuesday at $4.30¾, -8¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,672, +17.27 points for the week. Crude oil  settled at $76.6, +4.19. The Dollar Index  settled at 104.08, +0.12. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,545, +138 for the week. Corn March futures  at $4.29, -13¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basi

Tidbits The USDA will release its monthly US and world S&D today at 10 AM Mountain Time. CONAB, Brazil’s USDA, will also release its latest production estimates this morning several hours before USDA as will StatsCanada issue its grain inventory reports.   Yesterday, March cocoa was up $190 and July was up $130 per mt. Soybeans Crush and Exports Commentary In February 1972, Nixon visited Communist China and sold them massive amounts of wheat, and he did the same in Moscow thr

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, February 6 , 2024: March corn settled on Tuesday at $4.38¾, -9¢ since last Tuesday. The past 7 days’ h

Highlights Federal Reserve Chairman Powell reiterated Sunday night on 60 Minutes that interest rates will stay higher longer than expected and a March cut is "not likely."   Argentina will be hot and dry for a couple more days. Their crops have been hard hit by the weather the past three weeks, but rain is on the way later this week.   Meanwhile, excessive rain in the main growing areas of Brazil have been great for late planted beans, but it is making it very difficult to ha

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38654.42, +544.99 points for the week. Crude oil  settled at $72.41, -5.82. The Dollar Index  settled at 103.96, +0.49. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1407, -111 for the week. Corn March futures  at $4.42¾, -3½¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + 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, January 30 , 2024: March corn settled on Tuesday at $4.47¾, +1¼¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38109.43, +245.63 points for the week. Crude oil  settled at $78.23, +4.52. The Dollar Index  settled at 103.47, +0.23. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1518, +15 for the week. Corn March futures  at $4.46¼, +¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

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, January 23 , 2024: March corn settled on Tuesday at $4.46½, +3¢ since last Tuesday. The past 7 days’ h

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37863.8, +270.82 points for the week. Crude oil  settled at $73.71, +0.95. The Dollar Index  settled at 103.24, +0.80. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1503, +43 for the week. Corn March futures  at $4.45½, -1½¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

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, January 16 , 2024: March corn settled on Tuesday at $4.43½, -15¾¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37592.98, +126.87 points for the week. Crude oil  settled at $72.76, -1.19. The Dollar Index  settled at 102.44, +0.01. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1460, -650 for the week. Corn March futures  at $4.47, -13¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + 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, January 10 , 2024: March corn settled on Tuesday at $4.59¼, -4½¢ since last Tuesday. The past 7 days’