BASIC & RECENT MARKET INFO

The Dow Jones Industrial Average settled at 31,338.15, up 104.8 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. Corn Corn situation after the close Tuesday, July 5 , 2022: December corn settled on Tuesday at $5.78¾. Price change Tuesday to Tuesday: down $0.80½. The past week’s high was $6.62½, the low was $5.71. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Range i

The Dow Jones Industrial Average settled at 31,097, down 403.68 points for the week.

About USDA Acreage report

Highlights After this Friday’s close, the agriculture futures will be closed until 8:30 AM Central Tuesday. Today is the day your July basis and long July futures need to be cashed out or rolled to avoid any chance of being assigned a cash grain delivery on a long July futures contracts. Holland’s government closed dozens of farms and cattle ranches to reduce nitrogen by 30%. Angry farmers block the nation “everywhere.” Soon hungry consumers will join the farmers. Corn/Soyb

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 28th, 2022: December corn settled Tuesday at $6.59¼. Price Change Tuesday to Tuesday: down $0.42¼. The past week’s high was $7.05½, the low was $6.44¼. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range

The market expected corn conditions to lose 1% from the good and excellent categories; nope, corn conditions lost 3% out of the top two categories and the poor and very poor categories both gained 1% each. The market expected the soybean condition to be unchanged in the top two categories; nope, bean conditions lost 3% out of the top two categories. Like corn, the bottom two categories both gained 1%. For the corn and bean crops to lose 3% out of the top two condition

Highlights The Corn Belt continues to have a lot more rain predicted than what actually falls. After last week’s $1+ lower wheat prices, all the major government wheat buyers issued tenders to save a few (or many) bucks per ton by Saudi Arabia, Bangladesh, Algeria, Tunisia, Japan and on and on. Egypt did contract to buy 180,000 mt of wheat from India just today. It does look like the large international corn buyers are standing aside for now with the hope of lower prices to

The Dow Jones Industrial Average settled at 31,500.68, up 1,611.9 points for the week. Crude oil settled at $107.06, down $3.42 for the week. The dollar index settled at 104.12, down 0.53 for the week. The Baltic Dry Bulk Index settled at 2,331, down 247 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures July futures at $7.50¼, down 33¾ cents for the week; December at $6.74, down 57 cents for the week. Basis (N = July, Z = Decembe

Corn and beans are in the midst of a blow-off bottom. The corn and bean crops are far from being made. This year has more “problem” crop areas and the weather forecasts are just as intimidating, if not more so, than last year at this time. Last year, December 2021 corn made its June low on June 24th (today is June 23rd). On July 1st, December 2021 corn traded 97 cents higher than the June 24th low. November beans traded at $12.59¾ on June 25th, 2021. On July first, Novembe

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn situation after the close Tuesday, June 21th, 2022: December corn settled Tuesday at $7.01½. Price Change Tuesday to Tuesday: down $0.19¾. The past week’s high was $7.49¼, the low was $6.90½. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.64¾ below the 24-month high; $3.32¼ above the 24-month low. USDA’s 2021

The Dow Jones Industrial Average settled at 29,888.78, down 1,504.01 points for the week. Crude oil settled at $110.48, down $9.99 for the week. The dollar index settled at 104.65, up 0.45 for the week. The Baltic Dry Bulk Index settled at 2,578, up 236 points for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.84½, up 11¼ cents for the week and December corn was up 10½ cents to settle at $7.31. Dayton, Ohio Cargill is pa

Summary & recommendations for corn, soybeans and wheat this week.

The Dow Jones Industrial Average settled at 31,392.79, down 1,506.91 points for the week. Crude oil settled at $120.47, up 16 cents for the week. The dollar index settled at 104.20, up 2.04 for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.73¼, up 46¼ cents for the week and December corn was up 30½ cents to settle at $7.20½. Dayton, Ohio Cargill is paying $7.85 for corn, 12 over the July futures, which is a 2 cent firme

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn situation after the close Tuesday, June 7th, 2022: December corn settled Tuesday at $7.14. Price Change Tuesday to Tuesday: up $0.02½. The past week’s high was $7.20¼, the low was $6.82. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.52¼ below the 24-month high; $3.45 above the 24-month low. USDA’s 2021 crop

The Dow Jones Industrial Average settled at 32,899.70, up 686.74 points for the week. Crude oil settled at $120.26, up $5.19 for the week. The dollar index settled at 102.16, up 0.52 for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.27, down 50¼ cents for the week and December corn was down 40 cents to settle at $6.90. Dayton, Ohio Cargill is paying $7.37 for corn, 10 over the July futures, which is a 10 cent firmer basi

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn Situation after the close 31th May 2022: December corn settled Tuesday at $7.11½. Price Change Tuesday to Tuesday: down $0.13¾ The past week’s high was $7.32¾, the low was $7.07. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.54¾ below the 24-month high; $3.42½ above the 24-month low. USDA’s 2021 crop carryout i

The Dow Jones Industrial Average settled at 32,212.96, up 951.06 points for the week.

Vegetable oils have been in an up trend for two years. About every six months, vegetable oil has a major price correction that lasts...

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn Situation after the close 24th May 2022: On May 13, we...