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Weekly Basis 6/11/23
The Dow Jones Industrial Average (DJIA) settled at 33,876.78, +114.02 points for the week. Crude oil settled at $70.35, -1.52. The Dollar Index settled at 103.55, -0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,055, +118 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04¼, -4¾¢ for the week. December futures at $5.30½, -10¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futur

Wright Team
Jun 11, 20233 min read


Weekly Summary & Recommendations 6/7/23
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 6 , 2023: July corn settled on Tuesday at $6.08, +14¢ from last Tuesday. December corn settled on Tuesday at $5.41, +15¾¢ since last Tuesday. The past 7 days’ high was $5.48, the low was $5.11¼. Contract high is $6.79¼ made Apr 27, 2022; Contra

Wright Team
Jun 7, 20233 min read


Weekly Basis 6/4/23
The Dow Jones Industrial Average (DJIA) settled at 33,762.76, +669.42 points for the week. Crude oil settled at $71.87, -1.00. The Dollar Index settled at 104.04, -0.19. The Baltic Dry Index (a shipping freight-cost index) settled at 937, -235 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.09, +5¢ for the week. December futures at $5.41¼, +6¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

Wright Team
Jun 4, 20233 min read


Weekly Summary & Recommendations 5/31/23
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, May 30 , 2023: July corn settled on Tuesday at $5.94, +16½¢ from last Tuesday. December corn settled on Tuesday at $5.25¼, +8½¢ since last Tuesday. The past 7 days’ high was $5.36¼, the low was $5.13½.

Wright Team
May 31, 20233 min read


Weekly Basis 5/28/23
The Dow Jones Industrial Average (DJIA) settled at 33,093.34, -333.29 points for the week. Crude oil settled at $72.87, +1.20. The Dollar Index settled at 104.23, +1.04. The Baltic Dry Index (a shipping freight-cost index) settled at 1,172, -212 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04, +49½¢ for the week. December futures at $5.34½, +34¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futur

Wright Team
May 28, 20233 min read


Weekly Summary & Recommendations 5/24/23
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, May 23 , 2023: July corn settled on Tuesday at $5.77½, -3¾¢ from last Tuesday. December corn settled on Tuesday at $5.16¾, +11½¢ since last Tuesday. The past 7 days’ high was $5.19½, the low was $4.90¾.

Wright Team
May 24, 20233 min read


Weekly Basis 5/21/23
The Dow Jones Industrial Average (DJIA) settled at 33,426.63, +126.01 points for the week. Crude oil settled at $71.67, +1.58. The Dollar Index settled at 103.19, +0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,384, -174 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.54½, -31¾¢ for the week. December futures at $4.99¾, -9¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

Wright Team
May 21, 20233 min read


Weekly Summary & Recommendations 5/17/23
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, May 16 , 2023: July corn settled on Tuesday at $5.81¼, -3½¢ from last Tuesday. December corn settled on Tuesday at $5.05¼, -13¢ since last Tuesday. The past 7 days’ high was $5.21¼, the low was $5.01.

Wright Team
May 17, 20233 min read


Weekly Basis 5/14/23
The Dow Jones Industrial Average (DJIA) settled at 33,300.62, -373.76 points for the week. Crude oil settled at $70.09, -1.23. The Dollar Index settled at 102.70, +1.42. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.86¼, -10¼¢ for the week. December futures at $5.08¾, -26¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

Wright Team
May 14, 20233 min read


Weekly Summary & Recommendations 5/10/23
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, May 9 , 2023: July corn settled on Tuesday at $5.84¾, +4¾¢ from last Tuesday. December corn settled on Tuesday at $5.18¼, -1½¢ since last Tuesday. The past 7 days’ high was $5.37, the low was $5.12½. Contract high is $6.79¼ made Apr 27, 2022; Contra

Wright Team
May 10, 20233 min read


Weekly Basis 5/7/23
The Dow Jones Industrial Average (DJIA) settled at 33,674.38, -423.78 points for the week. Crude oil settled at $71.32, -5.31. The Dollar Index settled at 101.28, -0.39. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, -18 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.96½, +11½¢ for the week. December futures at $5.34¾, +7¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Futu

Wright Team
May 7, 20234 min read


Weekly Summary & Recommendations 5/3/23
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, May 2 , 2023: July corn settled on Tuesday at $5.80, -27¾¢ from last Tuesday. December corn settled on Tuesday at $5.19¾, -28½¢ since last Tuesday. The past 7 days’ high was $5.50, the low was $5.18.

Wright Team
May 3, 20233 min read


Tidbits, Soybeans, Markets & Rain Days Update 5/1/23
Highlights The FDIC had a goal to get the failing First Republic Bank merged with another bank before the Asian markets opened Sunday night at 10 PM Eastern. That did not happen. At 10:58 PM Eastern, the FDIC announced they expected to have an announcement of a merger (buy out) later this morning. American journalist and White House insider, Clayton Morris, reported the Biden administration is afraid of the consequences of an unsuccessful Ukrainian offensive and is urging

Wright Team
May 1, 20235 min read


Weekly Basis 4/30/23
The Dow Jones Industrial Average (DJIA) settled at 34,098.16, +289.20 points for the week. Crude oil settled at $76.63, -1.32. The Dollar Index settled at 101.67, -0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,576, +72 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.85, -30¼¢ for the week. December futures at $5.27¾, -20¼¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Fut

Wright Team
Apr 30, 20233 min read


Weekly Summary & Recommendations 4/26/23
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, April 25 , 2023: July corn settled on Tuesday at $6.07¾, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.48¼, -22¾¢ since last Tuesday. The past 7 days’ high was $5.71¼, the low was $5.41¾.

Wright Team
Apr 26, 20233 min read


Weekly Basis 4/23/23
The Dow Jones Industrial Average (DJIA) settled at 33,808.96, -77.51 points for the week. Crude oil settled at $77.95, -4.73. The Dollar Index settled at 101.72, 0.14. The Baltic Dry Index (a shipping freight-cost index) settled at 1,504, +69 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.15¼, -20½¢ for the week. December futures at $5.48, -12¢ for the week. Basis (K = May, N = July; e.g. 10N means 10¢ over July futures

Wright Team
Apr 23, 20234 min read


Weekly Summary & Recommendations 4/19/23
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, April 18 , 2023: May corn settled on Tuesday at $6.77½, +26½¢ from last Tuesday. December corn settled on Tuesday at $5.71, +11¾¢ since last Tuesday. The past 7 days’ high was $5.71, the low was $5.51¼.

Wright Team
Apr 19, 20233 min read


Tidbits, Export Inspections, Markets & Rain Days Update 4/18/23
Highlights Early today, China released its first quarter Gross Domestic Product (GDP). It was 4.5% better than a year ago. The market expected a 4.0% growth for the first quarter and expects 5.3% better GDP in 2023 than 2022. We expect their 2023 growth will be 6+% for the year. Being a major consumer of corn, wheat, beans, and crude oil, the Chinese economy is very important to you. Charles Schwab shares closed 3.9% higher yesterday on better than expected first quarter e

Wright Team
Apr 18, 20234 min read


Weekly Basis 4/16/23
The Dow Jones Industrial Average (DJIA) settled at 33,886.47, +401.18 points for the week. Crude oil settled at $82.68, +2.22. The Dollar Index settled at 101.58, -0.51. The Baltic Dry Index (a shipping freight-cost index) settled at 1,435, -125 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.66¼, +22¾¢ for the week. December futures at $5.60, +3¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Wright Team
Apr 16, 20233 min read


Weekly Summary & Recommendations 4/12/23
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, April 11 , 2023: May corn settled on Tuesday at $6.51, -2¾¢ from last Tuesday. December corn settled on Tuesday at $5.59¼, -¾¢ since last Tuesday. The past 7 days’ high was $5.65½, the low was $5.50½. Contract high is $6.79¼ made Apr 27, 2022; Contra

Wright Team
Apr 12, 20233 min read
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