BASIC & RECENT MARKET INFO

Highlights Yield Report: Southern valley in North Dakota saw wheat yields around 50 bushels, which is average to a little below. Bean yields have been in the 40 to 45 range, which is disappointing and early corn yields have been coming off around 150 to 160. The corn yields are very disappointing. Thank you, Jacob Kubela, who is a grain market consultant in Wahpeton, North Dakota: jake@kubelahedging.com , (701)403 3472. Banks and government workers will have a holiday Monday

Highlights Yield report Ukraine for 2022 crops: Corn down 42.8% from a year ago Barley down by 25.1% (barley is a feed grain) Wheat down 1.6%. Sunflower seeds down 7.2% (an oil seed) Rapeseed down 37.9% (an oil seed) Soybeans down 33.8% Credit Suisse is one of the world's largest banks. It has had problems over recent years, but so have other large banks, mostly from self-inflicted wounds due to greed. However, the "word" is Credit Suisse is about to fold, file bankruptcy or

Highlights Five Russian Kalibr cruise missiles were fired Saturday night from ships in the Black Sea. Two were shot down by Ukrainian air defenses while three hit agricultural targets, but there were no casualties. Russia said on Sunday the missiles had destroyed an ammunition depot containing missiles for U.S. made HIMARS rockets, while Ukrainian officials said a granary had been hit. Ukrainian officials also reported the city of Nikopol, which lies across the Dnipro River

Highlights Two years ago today, December 2020 corn made its contract low at $3.20. It traded to $4.30 on November 30, 2020. That was the contract high. The USDA reported yesterday morning a sale of 135,000 mt of new crop soybean meal & cake to Poland. There were no deliveries assigned on August beans or oil, but 35 lots of bean meal were assigned and went to "strong hands". The oldest long positions are: Meal 18 July 2022 Oil 8 July 2022 Beans 24 February 2022

Highlights Nancy Pelosi’s plane arrived in Taiwan yesterday mid-morning just before beans tested their low for the day. The whole world was watching because China said they would retaliate militarily if she set foot in Taiwan. Apparently, the soybean and crude oil market were relieved her plane did not get blown out of the sky before its arrival as prices rallied after her plane landed, but then prices sunk back to near the lows of the day on the close. She has to get out of

Highlights Olexii Vadatursky revived grain export and river bulk transport industries for Ukraine after the collapse of the Soviet Union in 1991. He supported medics amid the recent pandemic. Olexii and his wife were killed Sunday morning by a targeted Russian missile strike while sleeping in their home in the port city Mykolaiv. All grain people in Eastern Europe had great respect for Olexii as he made grain farming in Ukraine profitable again for the first time since 1914.

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Highlights CBOT corn and beans opened lower last night probably because a bit more rain in the 8 to 14 day forecast. There is a lot of hot and dry weather between now and then with two crop progress reports, the first one this afternoon. People in a position (business and government) to know what they are talking about say gasoline prices will be down to $4.75 within a month or less. Some of the more intelligent Democrats realize if gasoline prices do not decline sharply bef

Highlights No sooner did we talk about how great the Corn Belt weather forecast is and the forecast changes to hot and dry. All this means is the weather will become normal because normal weather includes hot and dry spells. This is actually good for the corn crop and good for you. The corn plants will get rooted down for more water the rest of the season and the market will rally on fears of the hot and dry weather extending into July. That combination will increase your cor

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Highlights Grain exports out of the US through the Great Lakes have reached 176,000 mts since the start of the shipping season in March....

Highlights The United Nations estimates the war in Ukraine could cause the number of humans facing acute hunger to rise by 47 million to...

Highlights Russia is negotiating with Georgia, Armenia and Azerbaijan to organize the re-export of Russian products to international...

Highlights Novooleksiyivka is a town in the Kherson region of Southeast Ukraine now occupied by Russians. The local grain elevator’s...

Highlights The Federal Reserve governors issued some rather harsh words Wednesday afternoon about inflation needs to be dealt with...

Highlights It is clear the Russian military pressure on Ukraine’s capital city of Kyiv has rescinded and moved east toward the Russian...

Yesterday morning USDA announced the sale of: 66,000 mt of old crop soybeans to China. 66,000 mt of new crop soybeans to China The next...