Grain Marketing Education, News & Strategies

Tidbits Flash Sales: Yesterday, the USDA announced the sale of 132,000 mts of new crop soybeans to China. Weather & Markets: Small rain squalls in Nebraska and Iowa popped up early Tuesday morning and turned corn, wheat, and beans futures from higher to lower. Once again, when it is July or August and raining in Iowa, corn and bean prices go down. If you have old or new crop soybeans not priced, do you know the Corn Belt is expected to have above normal temperatures and above

Tidbits China evacuated more than 1.9 million people as Typhoon Bavi churned toward the major eastern city of Wenzhou. Farmers raced this past week to harvest crops. At the greatest risk were rice, corn, vegetables, and fruits. The category 1 typhoon made landfall with 90 mph (144 kmph) around 11:20 pm Saturday local time. Rice is the world’s number one competitor for wheat. In Asia, wheat and rice demand is determined by price for the average consumer. Reuters reports Ch

Tidbits May Crushings data released yesterday by the USDA: Total corn consumed for alcohol and other uses was 524 million bushels, up 9% from April and up 5% from May 2025, 92% of it was for alcohol and 8% for other purposes. Soybeans crushed for crude oil was 6.39 million tons (213 million bushels), down 2.3% from April but up 4.4% from a year ago. Canola seeds crushed for crude oil was 164,947 tons in May 2026, 18% less from April but up 56% from May 2025. Cottonseed once r

Tidbits Tariffs & Trade: The Trump administration on Tuesday proposed imposing additional duties of 10% or ​12.5% on imports from 60 economies after determining their failures to curb trade in ‌goods made with forced labor are unreasonable and restrict U.S. commerce. The proposal from the U.S. Trade Representative's office is the latest finding from a Section 301 unfair trade practices investigation to be released as the Trump administration seeks to ​rebuild its emergency ta

Tidbits Given corn, wheat, and beans all opened 14 to 20+ higher last evening, last week's heavy selling was not justified. Brazil: From AgrInvest Commodities on Saturday: "In Brazil, corn remains pressured by comfortable physical supply and low liquidity, while fertilizers are experiencing greater downward pressure on nitrogen fertilizers. Soybean premiums (basis) showed firmness despite the sharp drop on the CBOT, in a market that remains cautious and stagnant." China:

Tidbits Basis & FOB: Yesterday, we reported to you corn prices at New Orleans, Louisiana (NOLA) and corn at the Pacific Northwest (PNW) ports were the same FOB price, namely $220 per mt. We cannot remember a time when FOB in the PNW was equal to FOB at NOLA. The prices are the same this year because the cost of rail freight to the PNW from the Midwest is covered by the extremely weak basis in the Upper Midwest compared to the Eastern Corn Belt and river outlets coupled with t