BASIC & RECENT MARKET INFO

Tidbits Computer selling  completely got out of hand yesterday. It all started because the market continues to expect the largest ever soybean crop in Brazil, which is the same expectation every year for the last 50+ years. Beans eventually pulled corn lower and then corn pulled wheat lower. The economic problems in Brazil, Congress may not be able to get a bill passed to keep the government running into the new year, and uncertainty about the biofuel guidelines also added to

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 17 , 2024: March corn settled yesterday at $4.43½, -5½¢ since last Tuesday.

Tidbits If you have beans on a January basis contract, get them rolled today to March. This market may go inverted (January premium to...

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,828, -814.46 points for the week. Crude oil  settled at $71.09, +3.92. Dollar Index  settled at 106.94, +0.97. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,051, -116 for the week. Corn March futures  at $4.42, +2¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pric

Soybeans Comment Today is the first day of the 45 day period that will make or break Brazil’s soybean crop.    Most years, soybean futures make a low for the year before 10 October (this year 14 August) and then prices firm into the end of the calendar year, trade sideways for two weeks and then down for two or three weeks. Why? If the majority of Brazil’s beans were planted at the normal time, by January 15th, the market knows the condition of the crop, soil moisture, and 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 10 , 2024: March corn settled yesterday at $4.49, +16¾¢ 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 44,643, -139.48 points for the week. Crude oil  settled at $67.17, -1.63. Dollar Index  settled at 105.97, -0.25. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,167, -131 for the week. Corn March futures  at $4.40, +7½¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pri

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 2 , 2024: March corn settled yesterday at $4.32¼, +4¼¢ 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 44,782, +485.49 points for the week. Crude oil  settled at $68.8, -2.38. Dollar Index  settled at 106.22, -1.27. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,298, -239 for the week. Corn March futures  at $4.32½, -2¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pri

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, November 26 , 2024: December corn settled yesterday at $4.20¾, -6½¢ since last Tuesd

Tidbits The market will be closed  on Thursday observing the Thanksgiving holiday. The final crop progress  report for the season: Winter wheat planting is at 97% complete - one of the most late-season endings. It is rated 55% good or excellent, 6% points improvement from a week ago and 10 better than five-year average level. As of the third week of November, Ukraine's total grain harvest  is 53.4 million mts, a 3.8% decline compared to the previous year, which includes 23.6

At the beginning of this marketing year (1 September), U.S. soybean export sales for this crop year were 15% less than the previous year. Karen Braun reported Friday U.S. soybean sales were 10% higher than a year ago for this marketing year. She also said sales to China were down 7% from a year ago. There are two ways to look at that; does it mean China is more likely to buy more than the normal tonnage of beans in the coming two months to "catch-up" or they just do not need

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 44,297, +851.52 points for the week. Crude oil  settled at $71.18, +4.23. Dollar Index  settled at 107.49, +0.82. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,537, -248 for the week. Corn December futures  at $4.25½, +1½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

U.S. Soybean Market Situation The two major unknowns for the North American markets are the biofuels unknowns and 2025 planted soybean acres. The biofuel issues are scheduled to become known within 30 to 40 days, but that probably will not happen or if it does happen, the Trump Administration could change them after 20 January.   Sustainable Aviation Fuel (SAF) producers are eligible for a tax credit of $1.25 per gallon. Qualifying SAF must reduce greenhouse gas (GHG) emissio

Tidbits Yesterday morning, the USDA announced the sale of 198,000 mts of old crop beans to unknown.    The USDA forecasts net farm income to reach $116 billion in 2024, 15% above the 10-year average, but lawmakers argue this masks the struggles of individual producers, particularly row crop farmers. There are increasing calls for federal aid. Ag bankers report a 40% increase in new operating loans and signs of growing debt distress, particularly in the central Plains and Midw

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 Market outlook after the close Tuesday, November 19 , 2024. Corn December corn settled yesterday at $4.27¼, -1¼¢ since last Tuesda

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,445, -544.00 points for the week. Crude oil  settled at $66.95, -3.48. Dollar Index  settled at 106.67, +1.72. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,785, +290 for the week. Corn December futures  at $4.24, -7¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash

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 We will post Bullish Consensus on Thursday's daily report. Corn Corn  situation after the close Tuesday, November 12 , 2024: Decem

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,989, +1,936.80 points for the week. Crude oil  settled at $70.43, +1.10. Dollar Index  settled at 104.95, +0.63. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,495, +117 for the week. Corn December futures  at $4.31, +16½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = C

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, November 5 , 2024: December corn settled yesterday at $4.18½, +4¾¢ since last Tuesd