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 37466.11, -223.43 points for the week. Crude oil  settled at $73.95, +2.62. The Dollar Index  settled at 102.43, +1.05. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2110, +16 for the week. Corn March futures  at $4.60¾, -10½¢ 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 2 , 2023: March corn settled on Tuesday at $4.63¾, -16½¢ since last Tuesday. The past 7 days’

It's our weekly grain market prices and US grain basis analysis and outlook on December 31, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37689.54, +303.57 points for the week. Crude oil  settled at $71.33, -2.16. The Dollar Index  settled at 101.38, -0.33. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2094, steady for the week. Corn March futures  at $4.71¼, -1¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢

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, December 26 , 2023: March corn settled on Tuesday at $4.80¼, +7½¢ since last Tuesday. The past 7 days’

It's our weekly grain market prices and US grain basis analysis and outlook on December 24, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37385.97, +80.81 points for the week. Crude oil  settled at $73.49, +1.70. The Dollar Index  settled at 101.71, -0.88. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2094, -254 points for the week. Corn March futures  at $4.73, -10¢ for the week. Basis   (H = March; e.g. 10H means

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, December 19 , 2023: December corn settled on Tuesday at $4.72¾, -12½¢ since last Tuesday. The past 7 d

It's our weekly grain market prices and US grain basis analysis and outlook on December 17, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37305.16, +1,057.29 points for the week. Crude oil  settled at $71.79, +0.53. The Dollar Index  settled at 102.59, -1.39. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2348, -135 points for the week. Corn March futures  at $4.83, -2½¢ for the week. Basis   (H = March; e.g. 10H mea

Highlights Those of you with January bean futures or basis contracts looking to roll to March before December 28th, your patience made you 2¼¢ yesterday and 3¼¢ the past 5 days because the January bean contract is gaining on the March contract. That is because the market is paying less and less for storage as the demand is strengthening for the available beans. It certainly helps that the USDA has announced soybean export sales of over 100,000 mts of beans 8 consecutive busin

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, December 12 , 2023: December corn settled on Tuesday at $4.85¼, -5¼¢ since last Tuesday. The past 7 da

It's our weekly grain market prices and US grain basis analysis and outlook on December 10, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 36247.87, +2.37 points for the week. Crude oil  settled at $71.26, -3.12. The Dollar Index  settled at 103.98, +0.79. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2483, -709 points for the week. Corn March futures  at $4.85½, +¾¢ for the week. Basis   (H = March; e.g. 10H means 1

Highlights 247AG, a market consulting firm based in Omaha, reported last evening: "Brazil is still looking drier and hotter as time marches on. Scattered showers across Brazil this afternoon. Nice to see the lack of rain across Rio Grande do Sul."   The United States’ diesel exports to Europe this month will increase sharply as Europe tries to wean itself off Russian fuels. Europe’s demand for diesel is estimated to increase this month to 290,000 barrels per day according to

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, December 5 , 2023: December corn settled on Tuesday at $4.90½, +17¢ since last Tuesday. The past 7 day

It's our weekly grain market prices and US grain basis analysis and outlook on December 3, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 36245.5, +855.35 points for the week. Crude oil settled at $74.38, -0.80. The Dollar Index settled at 103.19, -0.23. The Baltic Dry Index (a shipping freight-cost index) settled at 3192, +1,090 points for the week. Corn December futures at $4.84¾, +2¼¢ for the week. Basis (H = March; e.g. 10H me

Highlights Eduardo Vannin, is a cash grain export trader in Brazil. His special report Saturday morning: Brazil Soybean Market: The EC (weather) model shows good amounts of rain and a good coverage of rain going into the next week, but there is a lack of uniformity in the information. Two factors harmed soybean prices: 1) the EC model has been maintaining forecasts of good volumes of rain for next week, volumes that vary from 40 to 80 mm in the 7-day run for MT (Mato Gro

Highlights Eduardo Vanin 29 November 2023: "Brazilian corn is getting really expensive. Tenders, purchase tenders, went out to South Korea in the last two weeks for December-January shipment at destination prices equivalent to Fob Santos at +80H (Fob premium 80 cents per bushel above the March contract at CBOT)...   For the off-season we are hearing business every day in Mato Grosso on a basis well above export parity as well. It seems that the reduction in area and technolog

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, November 28 , 2023: December corn settled on Tuesday at $4.51½, -18½¢ since last Tuesday. The past 7 d

It's our weekly grain market prices and US grain basis analysis and outlook on November 26, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 35390.15, +442.87 points for the week. Crude oil  settled at $75.18, -0.66. The Dollar Index  settled at 103.42, -0.39. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2102, +282 points for the week. Corn December futures  at $4.63¼, -3¾¢ for the week. Basis   (Z = December; e.g. 10

Soybeans Q&A From a client in Central Missouri: "Good afternoon, Roger,  What are your thoughts on why the bean market sold off this past week? Should a guy be concerned moving forward? Corn market going to stay in a sideways trend the next month?  Thanks"   Thanksgiving week market action is so distorted it is difficult to get a good handle on the technical and fundamental situation. As far as Friday’s market action goes, the probability of rain was increased for the dry are

Brazil Crops Comments Kory Melby  is a former Minnesota farmer who immigrated to Brazil about 23 years ago and became a consultant for everything related to agriculture. Roger first met Kory in February 2003 and has come to respect his judgment and thoughts. Kory eats and sleeps Brazilian agriculture and world soybean and corn markets. His market letter this week included these comments:   "Brazil has many problems. Late planting, re-plant, out of synch maturities, and too mu

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, November 21 , 2023: December corn settled on Tuesday at $4.70, -8¼¢ since last Tuesday. The past 7 day