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 42,052, -62.21 points for the week. Crude oil  settled at $69.33, -2.36. Dollar Index  settled at 104.32, steady. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,378, -32 for the week. Corn December futures  at $4.14½, -¾¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash

Highlights Yesterday morning, the USDA reported the sale of: 132,000 mts of old crop soybeans to China 132,000 mts of old crop soybeans to unknown 273,048 mts of old crop corn to unknown Angie Setzer reported: “ Tuesday’s weakness in beans was due to rumors that China is planning to shut down ports for 2-3 weeks to update their quarantine rules. While this is not unusual, considering something similar happened twice last year, it does create some uncertainty over the pace of

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, October 29 , 2024: December corn settled yesterday at $4.13¾, -2¾¢ since last Tuesd

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,114, -1,161.51 points for the week. Crude oil  settled at $71.69, +2.35. Dollar Index  settled at 104.32, +0.86. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,410, -166 for the week. Corn December futures  at $4.15¼, +10½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis =

Highlights Yesterday morning, the USDA announced the sale  of: 130,000 mts of old crop soybeans to China 259,000 mts of old crop soybeans to unknown 100,000 mts of old crop corn to unknown, the 6th straight business day of a corn export sale announcement.   Angie Setzer of Consus Ag Consulting reported yesterday: "According to AgTraderTalk, a brokerage and analytical firm, yesterday’s sale brings the full month total to nearly 4.7 million metric tons, the fourth largest month

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, October 22 , 2024: December corn settled yesterday at $4.16½, +15¼¢ since last Tues

Highlights Andy sent us river depth information from the Soy Transportation Coalition. "For each foot of draft reduction on the river, an individual barge is loaded with 7,000 fewer bushels (200 tons) of soybeans. In certain areas of the river, we are seeing several feet of draft restrictions due to low water. In addition, the lack of water will narrow the shipping channel, which limits the number of barges that can be attached together to form one single flotilla or tow. Dep

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,276, +412.05 points for the week. Crude oil  settled at $69.34, -6.15. Dollar Index  settled at 103.46, +0.54. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,576, -233 for the week. Corn December futures  at $4.04¾, -11¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

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, October 15 , 2024: December corn settled yesterday at $4.01¼, -21¢ since last Tuesd

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,864, +511.11 points for the week. Crude oil  settled at $75.49, +1.04. Dollar Index  settled at 102.92, +0.43. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,809, -119 for the week. Corn December futures  at $4.15¾, -9¢ 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 Corn Corn  situation after the close  Tuesday, October 8 , 2024: December corn settled yesterday at $4.22¼, -6¾¢ 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 42,353, +39.75 points for the week. Crude oil  settled at $74.45, +5.81. Dollar Index  settled at 102.49, +2.07. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,928, -182 for the week. Corn December futures  at $4.24¾, +6¾¢ 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) 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, October 1 , 2024: December corn settled yesterday at $4.29, +17¼¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,313, +249.64 points for the week. Crude oil  settled at $68.64, -2.61. Dollar Index  settled at 100.42, -0.32. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,110, +133 for the week. Corn December futures  at $4.18, +16¼¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

Highlights Several of our Eastern Corn Belt clients informed us yesterday afternoon and evening that the wind on the wet corn stalks really knocked a lot of corn down late Friday to Saturday morning. Bob told us the Case IH dealer in Urbana of Champaign County, Ohio sold two corn reels yesterday morning.       Soybean yields from about a dozen farms in northeast Illinois range from 25.4 to 65.1. Three in the 20's, one 39 bu, three in the 40's, one 53.7, and two in the 60's. T

Tidbits Yesterday, China announced more stimulus measures to try to reach a 2024 economic growth target of 5%. China added ~$284 billion equivalent in bonds and cut bank reserve requirement ratios by 50 basis points. The three-month interest rate was down to 1.5%, and their one-year interest rate is now at 2%. By comparison, the one-year interest rate here in the U.S. for government one year T-Bills is at 3.96%.   Yesterday morning, the USDA announced the sale of 20,000 mts o

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) 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, September 24 , 2024: December corn settled yesterday at $4.11¾, -¾¢ since last Tuesday. The past 7 day

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,063, +669.58 points for the week. Crude oil  settled at $71.25, +2.01. Dollar Index  settled at 100.74, -0.37. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,977, +87 for the week. Corn December futures  at $4.01¾, -11½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

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) 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, September 17 , 2024: December corn settled yesterday at $4.12½, +8¼¢ since last Tuesday. The past 7 da

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,394, +1,048.37 points for the week. Crude oil  settled at $69.24, +1.08. Dollar Index  settled at 101.11, -0.08. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,890, -51 for the week. Corn December futures  at $4.13¼, +7¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas