BASIC & RECENT MARKET INFO

The Dow Jones Industrial Average settled at 29,590.41, down 1,232.01 points for the week. Crude oil settled at $79.43, down $5.97 for the week. The Dollar Index settled at 113.02, up 3.38 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,816, up 263 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.76¾, down half a cent for the week. Basis (Z = December; e.g. 50Z means 50 over Dece

Highlights October grain options expire today. It is usually a down day plus we may see some pre-hedging this afternoon. Prehedging is merchandisers selling futures late on a Friday prior to a harvest weekend to hedge the grain they expect to buy over the weekend. There won’t be much, but the specs may not know that. Yesterday morning, the USDA announced the sales of: 105,000 mts of 2022 corn to Mexico 101,600 mts of 2022 corn to unknown Yield Report Saunders County, NE Neb

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 20 , 2022: December corn settled on Tuesday at $6.92. Price change Tuesday to Tuesday: down ¾ of a cent. The past week’s high was $6.93½, the low was $6.67½.

Highlights Remember, in dry years, the poorest yielding crops will be harvested first. Western Iowa yield report: Dry land soybeans making 20 BPA. Last year, similar ground made 60+. Dry land corn 20-50 BPA. Really good ground making 75-100 BPA. Last year would’ve made 225-250. Good ground last year 275-300. Thanks, Andrew Dr. Michael Cordonnier is a retired agronomy professor from Michigan State University College of Agriculture who is considered the authority on South Am

The Dow Jones Industrial Average settled at 30,822.42, down 1,329.29 points for the week. Crude oil settled at $85.40, down $0.70 for the week. The dollar index settled at 109.64, up 0.67 for the week. The Baltic Dry Bulk Index settled at 1,553, up 340 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.77¼, down $0.07¾ 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, September 13 , 2022: December corn settled on Tuesday at $6.92¾. Price change Tuesday to Tuesday: up $0.16¾. The past week’s high was $6.99½, the low was $6.59.

Highlights The CPI was reported yesterday morning was 8.3% versus the expected to be 8.0% for July 2022 compared to July 2021. The cost of food was up 11.4% from a year ago, the largest increase since May 1979. For reasons that make no sense, many analysts thought the rate of inflation had slowed enough that there would be no need for the federal reserve to raise interest rates again. The media was touting for weeks the prospect of substantially reduced inflation as a “done d

Soybean Prices at Immediate Risk US Considering Pre-emptive Sanctions on China CHS is the largest agriculture coop in the world. They load a lot of ships with grain in the PNW for China delivery. Three hours ago, CHS’ Kevin Stockard: The U.S. is reportedly considering sanctions against China to discourage them from invading Taiwan. Two hours ago, CNBC reported: The United States is considering options for a sanctions package against China to deter it from invading Taiwan,

September S&D The USDA unexpectedly reduced the domestic carryout for both corn and beans by four days' use and the wheat carryover was left unchanged, as expected. The world soybean carryover was unexpectedly reduced by two days with corn and wheat world carryovers unchanged, as expected. That sums-up pretty much all you need to know about the price outlook for all three commodities. Everything the USDA reported on beans yesterday was bullish. Yield was a bushel less than e

The Dow Jones Industrial Average settled at 32,151.71, up 833.27 points for the week. Crude oil settled at $86.10, down $1.15 for the week. The dollar index settled at 108.97, down 0.64 for the week. The Baltic Dry Bulk Index settled at 1,213, up 127 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.85, up $0.19¼ for the week. Basis

Highlights Earlier this week, the EU said it would put a price cap on Russian crude oil to take effect in December and a cap on Russian natural gas as soon as possible to save the European industry and electricity markets and consumers. At least 10 EU member states are opposed to the EU slapping a price cap on Russian natural gas. They fear Putin would retaliate with a complete halt of gas supply to all of Europe. Seventy-four percent of all Russian natural gas goes to Europ

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 6 , 2022: December corn settled on Tuesday at $6.76. Price change Tuesday to Tuesday: down $0.01¼. The past week’s high was $6.80½, the low was $6.54.

Highlights After Sunday’s 6 to 10 day and 8 to 14 day weather forecasts were issued, last evening 247Ag reduced their corn yield projection to 170 to 172 bushels (USDA 175.5) and soybeans to 50 bushels (USDA 51.7). Yesterday, Russia suspended natural gas flow through the Nord Stream Gas Pipeline to Europe. Twelve vessels with grain and food products left Ukrainian ports Sunday. Germany's government approved a $65 billion give-away package to help relieve inflation pressure

The Dow Jones Industrial Average settled at 31,318.44, down 964.96 points for the week. Crude oil settled at $87.25, down $5.72 for the week. The dollar index settled at 109.61, up 0.77 for the week. The Baltic Dry Bulk Index settled at 1,086, up 4 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.65¾, up $0.01½ for the week. Basis (Z = December; e.g. 50Z means 50 over December) (Futures price + Basis = Cash pr

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 30 , 2022: December corn settled on Tuesday at $6.77¼. Price change Tuesday to Tuesday: up $0.22. The past week’s high was $6.83¾, the low was $6.47¼.

Highlights After the market closed yesterday, the USDA announced that export sales data will not be available until further notice. They went to a new format first used last Thursday and the system crashed. This is the same government that wants us to trust them about climate change, electric cars, green energy, managing the money supply, the economy, COVID vaccine and they can’t even put a group of numbers together that require a simple arithmetic exercise we used to do in f

Highlights Ukraine has started or will start a counter-offensive to retake the Kherson region (oblast they call it) in southeast Ukraine. That is wheat country and a Kherson is port city, which is why wheat was so strong today. Corn was strong because the Pro Farmer Tour bullish corn numbers were released after the close Friday and because wheat was so strong today. Feed rations can be 20% wheat to replace corn, so, to that extent, wheat can pull up the price of corn. Also, U

The Dow Jones Industrial Average settled at 32,283.40, down 1,423.34 points for the week. Crude oil settled at $92.97, up $3.06 for the week. The dollar index settled at 108.84, up 0.74 for the week. The Baltic Dry Bulk Index settled at 1,082, down 197 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.68¾, up $0.42¾ for the week. December futures at $6.64¼, up $0.41 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, August 23 , 2022: December corn settled on Tuesday at $6.55¼. Price change Tuesday to Tuesday: up $0.45. The past week’s high was $6.62, the low was $6.04.

The Dow Jones Industrial Average settled at 33,706.74, down 54.31 points for the week. Crude oil settled at $89.91, down $1.97 for the week. The dollar index settled at 108.10, up 2.43 for the week. The Baltic Dry Bulk Index settled at 1,279, down 198 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.26, down $0.13¾ for the week. December futures at $6.23¼, down $0.19 for the week. Basis