BASIC & RECENT MARKET INFO

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, November 15 , 2022: December corn settled on Tuesday at $6.66¾. Price change Tuesday to Tuesday: up $0.01¼. The past week’s high was $6.75, the low was $6.51¼. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Ra

The Dow Jones Industrial Average (DJIA) settled at 33,747.86, up 1,344.64 points for the week. Crude oil settled at $88.86, down $3.74 for the week. The Dollar Index settled at 106.42, down 4.37 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,355, up 32 points for the week. Below is corn, soybeans and wheat basis outlook this week.

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, November 8 , 2022: December corn settled on Tuesday at $6.65½.

Tidbits China’s government grain stock piler, Sinograin, announced yesterday (Sunday) it had agreed to buy 10 million mts of soybeans from Archer-Daniels-Midland Co, Syngenta, Louis Dreyfus, Bunge Ltd, Cargill Corp and COFCO International during a signing ceremony at an event in Shanghai, which included crude oil, coal, iron ore, etc. Before you mortgage the farm and buy soybean futures, be advised this is an annual event. China imports 90 to 101 million mt of soybeans a year

The Dow Jones Industrial Average (DJIA) settled at 32,403.22, down 458.58 points for the week. Crude oil settled at $92.60, up $4.22 for the week. The Dollar Index settled at 110.79, up 0.12 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,323, down 211 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.81, up ¼ of a cent for the week.

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, November 1 , 2022: December corn settled on Tuesday at $6.97¾. Price change Tuesday to Tuesday: up $0.11½.

The Dow Jones Industrial Average (DJIA) settled at 32,861.80, up 1,779.24 points for the week. Crude oil settled at $88.38, up $3.24 for the week. The Dollar Index settled at 110.67, down 1.21 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,534, down 285 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.80¾, down $0.03½ for the week. Basis

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, October 26 , 2022: December corn settled on Tuesday at $6.86¼. Price change Tuesday to Tuesday: up $0.05¼. The past week’s high was $6.88, the low was $6.74. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Rang

The Dow Jones Industrial Average (DJIA) settled at 31,082.56, up 1,447.73 points for the week. Crude oil settled at $85.14, down $0.41 for the week. The Dollar Index settled at 111.88, down 1.42 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,819, down 19 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.84¼, down $0.05½ for the week. Basis

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, October 18 , 2022: December corn settled on Tuesday at $6.81. Price change Tuesday to Tuesday: down $0.12.

The Dow Jones Industrial Average (DJIA) settled at 29,634.83, up 338.04 points for the week. Crude oil settled at $85.55, down $7.65 for the week. The Dollar Index settled at 113.30, up 0.55 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,838, down 123 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.89¾, up $0.06½ for the week. Basis

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, October 11 , 2022: December corn settled on Tuesday at $6.93. Price change Tuesday to Tuesday: up $0.10.

The Dow Jones Industrial Average (DJIA) settled at 29,296.79, up 571.28 points for the week. Crude oil settled at $93.20, up $13.46 for the week. The Dollar Index settled at 112.75, up 0.58 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,961, up 201 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.83¼, up $0.05¾ for the week. Basis

Marketing question from a client (first week of October 2022): Roger, I have about one-third of my soybeans unpriced. Am I better off to...

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, October 4 , 2022: December corn settled on Tuesday at $6.83. Price change Tuesday to Tuesday: up $0.15½. The past week’s high was $6.96¼, the low was $6.61½.

Highlights The USDA announced yesterday morning the sale of 110,000 mts of soybeans to unknown. The biggest near term Black Swan Event (terrible, shocking news to crush a market) is the EU has a major bird flu problem; some say it is the worst ever with over 50 million birds “affected”. Does “affected” mean 50 million will be destroyed? Probably, but the bigger Black Swan concern is can the infection be contained? Chickens eat a lot of corn and bean meal. The US corn crop is

The Dow Jones Industrial Average (DJIA) settled at 28,725.51, down 864.90 points for the week. Crude oil settled at $79.74, up $0.31 for the week. The Dollar Index settled at 112.17, down 0.85 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,760, down 56 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.77½, up ¾ of a cent for the week.

Highlights The USDA increased the size of the 2021 soybean crop by 30 million bushels which put the September 1 soybean inventory 32 million bushels higher than the market expected. Since there is no way for the market to predict what USDA will do with production numbers for the past three years, “finding” or “losing” 30 million bushels of production is rather unsettling. The inventory USDA stated to be on hand September 1st for corn and beans is the 2021 crop marketing year

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 27 , 2022: December corn settled on Tuesday at $6.67½. Price change Tuesday to Tuesday: down $0.24½. The past week’s high was $6.98½, the low was $6.65½.

Highlights All commodities traded opposite the dollar yesterday; the dollar index was down 0.4 early and resulted in much higher commodity prices. The dollar reversed and tested Monday’s 20 year high and every commodity lost much or all of the day’s earlier gains. Friday’s Quarterly Stocks Report will provide grain and oilseeds some independence from the dollar’s exchange rate for a short while, maybe even several days. That report will be released at 10 AM Mountain Time. Pr