BASIC & RECENT MARKET INFO

It's our weekly grain market prices and US grain basis analysis and outlook on September 24, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 33963.84, -654.40 points for the week. Crude oil settled at $90.33, -0.87. The Dollar Index settled at 105.58, +0.25. The Baltic Dry Index (a shipping freight-cost index) settled at 1593, +212 points for the week. Corn December futures at $4.77¼, +1¢ for the week. Basis (Z = December; e.g. 10Z

Highlights Federal Reserve Chairman Jerome Powell suggested interest rates will be “higher for longer” and could stay above 5% this year and next. Yesterday, the Fed left interest rates unchanged, as expected, but Powell did not rule out another interest-rate hike this year. Ukraine said they are ready to resume grain from exports from Black Sea Ports using a temporary corridor, with the first dry bulk carriers in place. The bulk carriers Resilient Africa and Aroyat arrived

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, September 19 , 2023: December corn settled on Tuesday at $4.76¼, -¼¢ since last Tuesday. The past 7 days’ high was $4.84¾, the low was $4.67¾. Contract high is $6.79¼ made Apr 27, 2022; Contract low is $3.97½ made Dec 15, 2020; Range is $2.81¾. Yeste

It's our weekly grain market prices and US grain basis analysis and outlook on September 17, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,618.24, +41.65 points for the week. Crude oil settled at $91.20, +3.97. The Dollar Index settled at 105.33, +0.24. The Baltic Dry Index (a shipping freight-cost index) settled at 1,381, +195 points for the week. Corn December futures at $4.76¼, -7½¢ for the week. Basis (Z = December; e.g. 1

Marketing Comment The soybean meal and soybean oil marketing years end September 30. As always, there are shipments previously bought to be shipped this marketing year, but, for any one of hundreds of reasons, the actual shipments get delayed until after the end of the marketing year, making the shipment in the next marketing year. Yesterday’s Weekly Export Sales showed net cancellations for the current marketing year for meal and oil. Those who want lower prices are making

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, September 12 , 2023: December corn settled on Tuesday at $4.76½, -9½¢ since last Tuesday. The past 7 days’ high was $4.90¼, the low was $4.73½. Contract high is $6.79¼ made Apr 27, 2022; Contract low is $3.97½ made Dec 15, 2020; Range is $2.81¾. Yest

It's our weekly grain market prices and US grain basis analysis and outlook on September 10, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,576.59, -261.12 points for the week. Crude oil settled at $87.23, +1.18. The Dollar Index settled at 105.09, +0.83. The Baltic Dry Index (a shipping freight-cost index) settled at 1,186, +121 points for the week. Corn December futures at $4.83¾, +2¼¢ for the week. Basis (Z = December; e.g.

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, September 5 , 2023: December corn settled on Tuesday at $4.86, -¾¢ since last Tuesday. The past 7 days’ high was $4.91¾, the low was $4.76¾. Contract high is $6.79¼ made Apr 27, 2022; Contract low is $3.97½ made Dec 15, 2020; Range is $2.81¾. Yesterd

It's our weekly grain market prices and US grain basis analysis and outlook on September 3, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,837.71, +490.81 points for the week. Crude oil settled at $86.05, +6.00. The Dollar Index settled at 104.24, +0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,065, -15 points for the week. Corn December futures at $4.81½, -6½¢ for the week. September futures at $4.84¾,

How Asian Leaf Rust changed the paradigm of world grain trade Before 2001, Brazil was a net importer of corn. Now, Brazil is the world’s #2 corn exporter. This dramatic change came about because of the procedures to control the fungus, Asian Leaf Rust (ALR), in the Brazilian soybean crop. ALR was first reported in Brazil in 2001. Ever since 2001, epidemics of the disease have been common in Brazil, where the fungus can survive year‑round. Also known as Soybean Leaf Rust (S

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 29 , 2023: September corn settled on Tuesday at $4.69½, +3¢ from last Tuesday. December corn settled on Tuesday at $4.86¾, +7¼¢ since last Tuesday. The past 7 days’ high was $4.99½, the low was $4.78½. Contract high is $6.79¼ made Apr 27, 2022

It's our weekly grain market prices and US grain basis analysis and outlook on August 27, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,346.90, -153.76 points for the week. Crude oil settled at $80.05, -1.35. The Dollar Index settled at 104.19, +0.76. The Baltic Dry Index (a shipping freight-cost index) settled at 1,080, -157 points for the week. Corn September futures at $4.70¾, -8¾¢ for the week. December futures at $4.88, -5

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 22 , 2023: September corn settled on Tuesday at $4.66½, +2½¢ from last Tuesday. December corn settled on Tuesday at $4.79½, +4¢ since last Tuesday. The past 7 days’ high was $5.06¼, the low was $4.73½. Contract high is $6.79¼ made Apr 27, 2022

It's our weekly grain market prices and US grain basis analysis and outlook on August 20, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,500.66, -780.74 points for the week. Crude oil settled at $81.40, -1.64. The Dollar Index settled at 103.43, +0.58. The Baltic Dry Index (a shipping freight-cost index) settled at 1,237, +108 points for the week. Corn September futures at $4.79½, +5¢ for the week. December futures at $4.93, +5¾

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 15 , 2023: September corn settled on Tuesday at $4.64, -23½¢ from last Tuesday. December corn settled on Tuesday at $4.75½, -23¼¢ since last Tuesday. The past 7 days’ high was $5.07, the low was $4.73¾. Contract high is $6.79¼ made Apr 27, 202

It's our weekly grain market prices and US grain basis analysis and outlook on August 13, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 35,281.40, +215.78 points for the week. Crude oil settled at $83.04, +0.40. The Dollar Index settled at 102.85, +0.84. The Baltic Dry Index (a shipping freight-cost index) settled at 1,129, -7 points for the week. Corn September futures at $4.74½, -9¾¢ for the week. December futures at $4.87¼, -10

Tidbits & Bottom Line Later this morning, we will send you Eugene's Weekly Basis Report . If you read nothing else this morning, be sure you read his What You Should Have Noticed comments. Bottom line: As of this morning, it looks like Monday’s market action will tell us whether to bail on old crop corn and beans. Last evening’s 6 to 10 days and 8 to 14 day forecasts predict much above normal temperatures east of the Rockies with mostly below normal rainfall. In 2020, C

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 8 , 2023: September corn settled on Tuesday at $4.87½, -9½¢ from last Tuesday. December corn settled on Tuesday at $4.98¾, -8½¢ since last Tuesday. The past 7 days’ high was $5.23¼, the low was $4.89¼. Contract high is $6.79¼ made Apr 27, 2022

The Dow Jones Industrial Average (DJIA) settled at 35,065.62, -393.67 points for the week. Crude oil settled at $82.64, +1.97. The Dollar Index settled at 102.01, +0.31. The Baltic Dry Index (a shipping freight-cost index) settled at 1,136, +26 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.84¼, -36¾¢ for the week. December futures at $4.97¼, -33¢ for the week. Basis (U = September; e.g. 10U means 10¢ over S

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, August 1 , 2023: September corn settled on Tuesday at $4.97, -60½¢ from last Tuesday. December corn settled on Tuesday at $5.07¼, -58¢ since last Tuesday. The past 7 days’ high was $5.65, the low was $5.05½. Contract high is $6.79¼ made Apr 27, 2022;