BASIC & RECENT MARKET INFO

The Dow Jones Industrial Average (DJIA) settled at 35,459.29, +231.60 points for the week. Crude oil settled at $80.67, +3.84. The Dollar Index settled at 101.70, +0.62. The Baltic Dry Index (a shipping freight-cost index) settled at 1,110, +132 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.21, -6¢ for the week. December futures at $5.30¼, -6¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Sept

Pipeline Supply refers to the minimum number of bushels or tons of a commodity that are in transit to processing facilities and users to maintain a steady flow of supplies to users. It is the amount of a given commodity in the trucks leaving the farm to the processor, in the trains and barges moving to an export facility or processor, in the processor bins, in the feed delivery trucks, feed bins on the farms, and in the feeders of the feeding floor. No one knows exactly how

Highlights Russian forces continue to hit port infrastructure and damaged a cargo terminal in Odessa. Over the last 10 days, 26 port facilities have been hit in Ukraine. It came to our attention yesterday midday that troubled PacWest Bank was going to be absorbed by the Banc of California. The deal was done two days before it became common knowledge. Here is the press release from the 25th which we did not see nor did anyone we know talk or write about it: "The Banc of Calif

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, July 25 , 2023: September corn settled on Tuesday at $5.57½, +28¾¢ from last Tuesday. December corn settled on Tuesday at $5.65¼, +30¾¢ since last Tuesday. The past 7 days’ high was $5.72¼, the low was $5.31¼. Contract high is $6.79¼ made Apr 27, 202

The Dow Jones Industrial Average (DJIA) settled at 35,227.69, +718.66 points for the week. Crude oil settled at $76.83, +1.56. The Dollar Index settled at 101.08, +1.12. The Baltic Dry Index (a shipping freight-cost index) settled at 978, -112 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.27, +20½¢ for the week. December futures at $5.36¼, +22½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

Pricing Soybeans Sell all remaining 2022 (old crop) soybeans. This is generic market information. If you are a full service client, talk...

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, July 18 , 2023: September corn settled on Tuesday at $5.28¾, +34¼¢ from last Tuesday. December corn settled on Tuesday at $5.34½, +33¢ since last Tuesday. The past 7 days’ high was $5.40¾, the low was $4.81. Contract high is $6.79¼ made Apr 27, 2022;

The Dow Jones Industrial Average (DJIA) settled at 34,509.03, +774.15 points for the week. Crude oil settled at $75.27, +1.60. The Dollar Index settled at 99.96, -2.31. The Baltic Dry Index (a shipping freight-cost index) settled at 1,090, +81 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.06½, +19¼¢ for the week. December futures at $5.13¾, +19¼¢ 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 pricing recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, July 11 , 2023: September corn settled on Tuesday at $4.94½, +11¼¢ from last Tuesday. December corn settled on Tuesday at $5.01½, +8¢ since last Tuesday. The past 7 days’ high was $5.09½, the low was $4.85½. Contract high is $6.79¼ made Apr 2

From Dave northeast Illinois: Our area is holding. We will have some tassels this week which is normal; went to dinner at a supper club in Milton Wisconsin last night, that area around Janesville, Wisconsin is some of the best dirt God Created, lots of waist to chest high corn getting ready to tassel, but beans haven't even shaded the row. Lots of beans less than a foot tall, it just seems more bean acres than what I normally see. From I 88 north is looking tough; some have c

The Dow Jones Industrial Average (DJIA) settled at 33,734.88, -672.72 points for the week. Crude oil settled at $73.67, +3.22. The Dollar Index settled at 102.27, -0.65. The Baltic Dry Index (a shipping freight-cost index) settled at 1,009, -82 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.87¼, -1¼¢ for the week. December futures at $4.94½, -½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Sep

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 Monday, July 4 , 2023: September corn settled on Monday at $4.83¼, -73¢ from last Tuesday. December corn settled on Monday at $4.93½, -67½¢ since last Tuesday. The past 7 days’ high was $5.62½, the low was $4.88. Contract high is $6.79¼ made Apr 27, 2022; Con

Soybean Seasonal Price Up Trend Ends July 15 How to Decide When to Price Grain and Oilseeds The age-old problem is to decide when to price your grain. That task should be a two-stage process; basis and futures determine the cash price. The easy stage is the basis, which is very predictable and the annual range is relatively small compared to the futures price. The difficult stage is pricing (locking-in) the future price, which is very volatile and some years, very unpredict

The Dow Jones Industrial Average (DJIA) settled at 34,407.60, +680.17 points for the week. Crude oil settled at $70.45, +0.95. The Dollar Index settled at 102.92, +0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,091, -149 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.88½, -96¼¢ for the week. December futures at $4.94¾, -93¼¢ for the week. Basis (U = September; e.g. 10U means 10¢ over

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, June 27 , 2023: September corn settled on Tuesday at $5.56¼, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.61, -36½¢ since last Tuesday. The past 7 days’ high was $6.29¾, the low was $5.55. Contract high is $6.79¼ made Apr 27, 2022;

The Dow Jones Industrial Average (DJIA) settled at 33,727.43, -571.69 points for the week. Crude oil settled at $69.50, -1.94. The Dollar Index settled at 102.87, +0.57. The Baltic Dry Index (a shipping freight-cost index) settled at 1,240, +164 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.84¾, -9¼¢ for the week. December futures at $5.88, -9½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

Highlights If the front three contract months of any commodity futures settles limit up or limit down, the next day’s daily trading limit is expanded. Yesterday, soybean oil was limit-down in more than three months. That means the bean complex will have expanded limits today: Soybeans: $1.60 a bushel Bean meal: $45 a ton Bean oil: 60¢ a pound Yesterday, the EPA issued its Renewable Fuel Standards (RFS) mandate for 2023 through 2025 compliance years. The ethanol blending targe

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, June 20 , 2023: July corn settled on Tuesday at $6.43¾, +31¼¢ from last Tuesday. December corn settled on Tuesday at $5.97½, +50½¢ since last Tuesday. The past 7 days’ high was $6.09, the low was $5.42½. Contract high is $6.79¼ made Apr 27, 2022; Co

The Dow Jones Industrial Average (DJIA) settled at 34,299.12, +422.34 points for the week. Crude oil settled at $71.44, +1.09. The Dollar Index settled at 102.305, -1.25. The Baltic Dry Index (a shipping freight-cost index) settled at 1,076, +21 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.40¼, +36¢ for the week. December futures at $5.97½, +67¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

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, June 13 , 2023: July corn settled on Tuesday at $6.12½, +4½¢ from last Tuesday. December corn settled on Tuesday at $5.47, +6¢ since last Tuesday. The past 7 days’ high was $5.59½, the low was $5.20¼.