BASIC & RECENT MARKET INFO

Highlights Did you notice that yesterday morning’s weekly export sales chart we sent you showed last week’s corn export sales were near the top end of the range of estimates and soybean sales were well above the top of the range? Those who say demand for corn and beans is poor do not know what they are talking about. Soybean meal sales in China have jumped this week. The 5 day moving average was 90,000 mt per day a week ago and now it is 260,000 mt per day. Nope, no demand

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 16 , 2022: December corn settled on Tuesday at $6.10¼. Price change Tuesday to Tuesday: down $0.03¾. The past week’s high was $6.42¾, the low was $6.07¾. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; R

The Dow Jones Industrial Average settled at 33,761.05, up 957.58 points for the week. Crude oil settled at $91.88, up $3.35 for the week. The dollar index settled at 105.67, down 0.91 for the week. The Baltic Dry Bulk Index settled at 1,477, down 83 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.39¾, up $0.29½ for the week. December futures at $6.42, up $0.32¼ for the week. Basis

Highlights The USDA will issue its monthly Crop Production and Supply and Demand (S&D) Reports today at 10 AM Mountain Time. Roger expects neutral to friendly numbers. If there is a sell-off as a result of the numbers, it will be met with high volume buying because users know supplies are tight. Yesterday morning, the USDA announced a sale of 103,400 mt of new crop soymeal to Mexico. The USDA’s average spot price for soybean meal in Illinois closed at $605.00 per short ton T

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 9 , 2022: December corn settled on Tuesday at $6.14. Price change Tuesday to Tuesday: up $0.19¾. The past week’s high was $6.24½, the low was $5.87½. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Range

Highlights Yesterday morning, the USDA announced the sale of 133,000 mts of new crop corn to China DTN’s Digital Yield Tour says corn will yield at 167.2 bushels; USDA is at 177.0 and the average estimate for Friday’s USDA production report is 175.9 bushels. DTN Tour see beans at 48.9 bushels; USDA’s at 51.5, average estimate is 51.1 bushels. The first shipload of grain from Ukraine since February arrived in Lebanon yesterday. It was rejected and not allowed to unload. Typi

The Dow Jones Industrial Average settled at 32,803.47, down 41.66 points for the week. Crude oil settled at $88.53, down $9.77 for the week. The dollar index settled at 106.58, up 0.75 for the week. The Baltic Dry Bulk Index settled at 1,560, down 335 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.10¼, down $0.06 for the week. December futures at $6.10, down $0.10 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 2 , 2022: December corn settled on Tuesday at $5.94¼. Price change Tuesday to Tuesday: down $0.06½. The past week’s high was $6.36½, the low was $5.92½.

The Dow Jones Industrial Average settled at 32,845.13, up 945.84 points for the week.

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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.

The Dow Jones Industrial Average settled at 31,899.29, up 611.03 points 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.

Why Soybeans Will Make New Highs

Why Did We Recommend Pricing Corn

The Dow Jones Industrial Average settled at 31,288.26, down 49.89 points for the week.

Highlights The National Oilseed Processors Association (NOPA) reported yesterday their members crushed 164.677 million bushels of soybeans in June, slightly above the market estimates. To learn all about the NOPA, go to: https://www.wrightonthemarket.com/post/about-the-nopa While export sales are always poor during the "dog days" of summer, Thursday's weekly export sales report showed China did buy quite a bit of old crop corn (for this late in the marketing year). Brazil

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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.