BASIC & RECENT MARKET INFO

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 44,424, +945.42 points for the week. Crude oil  settled at $74.6, -3.44. Dollar Index  settled at 107.47, -1.94. Baltic Dry Index  (a shipping freight-cost index)  settled at 778, -209 for the week. Corn March futures  at $4.86½, +2¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, January 21 , 2025: March corn settled yesterday at $4.90, +15½¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,479, +1,540.38 points for the week. Crude oil  settled at $78.04, -0.78. Dollar Index  settled at 109.41, -0.55. Baltic Dry Index  (a shipping freight-cost index)  settled at 987, -106 for the week. Corn March futures  at $4.84¼, +7¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pr

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, January 14 , 2025: March corn settled yesterday at $4.74½, +16½¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,938, -768.11 points for the week. Crude oil  settled at $78.82, +5.36. Dollar Index  settled at 109.96, +1.78. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,093, +50 for the week. Corn March futures  at $4.76½, +25¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pr

Tidbits Susan Stroud of No Bull Ag stated Sunday the Biden Administration Friday afternoon said imported used cooking oil will not qualify for tax credits under 45Z. In conclusion, she said, “Theoretically clearing the way for more soybean oil demand.”   We hope she is correct, but we did not see it that clearly. The Renewable Fuels Association (RFA) issued this statement late Friday regarding the Treasury’s 45Z comments issued Friday afternoon:  The U.S. Treasury today relea

Market Comment Today at 11 AM Central, the USDA will release its January U.S. and World S&D, the Quarterly Grain Inventory Report for US commodities as of 1 December 2024 and U.S. winter wheat actual plantings. The market expects U.S. 2024 corn yield to be reduced by a half bushel and the soybean bean yield reduced by a tenth of a bushel. Corn carryover might be decreased due to higher ethanol usage and lower production. Soy oil exports will likely see an increase.   We expec

Due to a National Day of Mourning for former President Jimmy Carter, equity and stock option markets will be closed today. Agricultural futures markets will close early at 12:15 pm CDT today and re-open this evening at normal times. Highlights As you know, we have been encouraging you soybean owners to get your beans sold by 12 January. That recommendation has nothing to do with tomorrow’s USDA world S&D. The soybean sale recommendation is based on the historical fact that wh

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, January 7 , 2025: March corn settled yesterday at $4.58, -½¢ since last Tuesday. Tue

Highlights Agricultural markets will close at 12:15 PM CST tomorrow, January 9th in a National Day of Mourning for former President Jimmy Carter. The grain markets will reopen at their regular times Thursday evening and trade normal hours on Friday, January 10th, the day of the USDA S&D at 10 AM Mountain Time. The weather forecast for South America has not improved in the past 24 hours. If anything it is hotter and drier in Rio Grande do Sul and Argentina and rain is in the f

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,707, +132.83 points for the week. Crude oil  settled at $73.46, +1.87. Dollar Index  settled at 108.18, +0.20. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,043, +46 for the week. Corn March futures  at $4.50¾, -3¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pri

Highlights It is 6 January. The latest day in January the soybean market started its January sell-off was 12 January. The second latest date was 7 January. Nothing is 100% in this business, but the South American weather over the weekend was not any better than expected and probably worse and the forecast for the next 10 days is definitely no improvement for crops.    However, do not think for one second that South America is going to have anything less than an all-time large

The CBOT market will reopen today at 8:30 AM Central time.  Tidbits A client asked Tuesday afternoon:   Do I sell on this rally?  Corn: No.  Soybeans: Yes.    If you grow soybeans, the next 10 days are very important. Historically, bean futures will make a high before 14 January (maybe already made the high) and then sell-off 40 to 80¢ within a matter of weeks as the market prices in a successful Brazilian soybean crop.       Too much rain in the northern area of Brazil’s bea

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, December 31 , 2024: March corn settled yesterday at $4.58½, +10¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,574, -266.53 points for the week. Crude oil  settled at $71.59, +2.01. Dollar Index  settled at 107.98, +0.17. Baltic Dry Index  (a shipping freight-cost index)  settled at 997, +7 for the week. Corn March futures  at $4.54, +7¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

Tidbits Yesterday morning, the USDA announced the sale of 23,000 mts of old soybean oil to India. China and India usually buy palm oil from Indonesia or Malaysia, but those two countries are going big on biodiesel and have greatly restricted palm oil exports.   Egypt's public procurement agency, Mostakbal Misr, has secured direct contracts for 1.267 million mts of primarily Russian wheat, sufficient to meet the country's needs until June 2025. In the first half of the 2024/25

Tidbits The farm bill will provide nearly $31 billion in disaster and economic aid  to farmers, but it looks like it will be late March before payments are made. You can read DTN’s summary of the Farm Bill's financial aid at this link .   The Soybean Seasonal Trend the next 30 days is very predictable. We covered this two weeks ago and here it is again. The past 6 years, March soybeans have lost an average of 88½¢ as the market priced-in Brazil’s soybean crop being made in th

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, December 24 , 2024: March corn settled yesterday at $4.48½, +5¢ since last Tuesday.

Tidbits Reuters Karen Braun reported Monday’s U.S. wheat inspections  for export were a 12-week high at 404,000 mts. Wheat inspections since June 1, the beginning of the wheat marketing year, are up 27.2% on the year. The bulk of last week's export inspections occurred in the PNW ports were for Asia-bound cargoes, but none to China.   Reuters also reported Russia’s Exporters  and Producers Union sees total grain exports at 45 million mts, with 40 million of it being wheat. So

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,840, -987.80 points for the week. Crude oil  settled at $69.58, -1.51. Dollar Index  settled at 107.81, +0.87. Baltic Dry Index  (a shipping freight-cost index)  settled at 990, -61 for the week. Corn March futures  at $4.46¼, +4¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price