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Weekly Summary & Recommendations 5/3/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, May 2 , 2023: July corn settled on Tuesday at $5.80, -27¾¢ from last Tuesday. December corn settled on Tuesday at $5.19¾, -28½¢ since last Tuesday. The past 7 days’ high was $5.50, the low was $5.18.

Wright Team
May 3, 20233 min read


Weekly Basis 4/30/23
The Dow Jones Industrial Average (DJIA) settled at 34,098.16, +289.20 points for the week. Crude oil settled at $76.63, -1.32. The Dollar Index settled at 101.67, -0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,576, +72 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.85, -30¼¢ for the week. December futures at $5.27¾, -20¼¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Fut

Wright Team
Apr 30, 20233 min read


Weekly Summary & Recommendations 4/26/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, April 25 , 2023: July corn settled on Tuesday at $6.07¾, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.48¼, -22¾¢ since last Tuesday. The past 7 days’ high was $5.71¼, the low was $5.41¾.

Wright Team
Apr 26, 20233 min read


Weekly Basis 4/23/23
The Dow Jones Industrial Average (DJIA) settled at 33,808.96, -77.51 points for the week. Crude oil settled at $77.95, -4.73. The Dollar Index settled at 101.72, 0.14. The Baltic Dry Index (a shipping freight-cost index) settled at 1,504, +69 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.15¼, -20½¢ for the week. December futures at $5.48, -12¢ for the week. Basis (K = May, N = July; e.g. 10N means 10¢ over July futures

Wright Team
Apr 23, 20234 min read


Weekly Basis 4/16/23
The Dow Jones Industrial Average (DJIA) settled at 33,886.47, +401.18 points for the week. Crude oil settled at $82.68, +2.22. The Dollar Index settled at 101.58, -0.51. The Baltic Dry Index (a shipping freight-cost index) settled at 1,435, -125 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.66¼, +22¾¢ for the week. December futures at $5.60, +3¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Wright Team
Apr 16, 20233 min read


Weekly Basis 4/9/23
The Dow Jones Industrial Average (DJIA) settled at 33,485.29, +210.14 points for the week. Crude oil settled at $80.46, +4.76. The Dollar Index settled at 102.09, -0.50. The Baltic Dry Index (a shipping freight-cost index) settled at 1,560, +171 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43½, -17¢ for the week. December futures at $5.56¾, -9¾¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Wright Team
Apr 9, 20233 min read


Weekly Basis 4/2/23
The Dow Jones Industrial Average (DJIA) settled at 33,275.15, +1037.62 points for the week. Crude oil settled at $75.70, +6.50. The Dollar Index settled at 102.59, -0.52. The Baltic Dry Index (a shipping freight-cost index) settled at 1,389, -95 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.60½, +17½¢ for the week. December futures at $5.66½, +6¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futur

Wright Team
Apr 2, 20233 min read


Weekly Summary & Recommendations 3/29/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, March 28 , 2023: May corn settled on Tuesday at $6.47, +17¼¢ from last Tuesday.

Wright Team
Mar 29, 20233 min read


Weekly Basis 3/26/23
The Dow Jones Industrial Average (DJIA) settled at 32,237.53, +375.55 points for the week. Crude oil settled at $69.20, +2.86. The Dollar Index settled at 103.11, -0.75. The Baltic Dry Index (a shipping freight-cost index) settled at 1,484, -51 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43, +8¾¢ for the week. December futures at $5.60¼, -1¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures p

Wright Team
Mar 26, 20234 min read


Weekly Basis 3/19/23
The Dow Jones Industrial Average (DJIA) settled at 31,861.98, -47.66 points for the week. Crude oil settled at $66.34, -10.34. The Dollar Index settled at 103.86, -0.78. The Baltic Dry Index (a shipping freight-cost index) settled at 1,535, +111 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.34¼, +17¢ for the week. December futures at $5.61¼, +3½¢ for the week.

Wright Team
Mar 19, 20234 min read


Weekly Basis 3/5/23
The Dow Jones Industrial Average (DJIA) settled at 33,390.97, +574.05 points for the week. Crude oil settled at $79.85, +$3.40. The Dollar Index settled at 104.53, -0.73. The Baltic Dry Index (a shipping freight-cost index) settled at 1,211, +328 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.40¾, -8½¢ for the week. December futures at $5.71, -5¼¢ for the week.

Wright Team
Mar 5, 20233 min read


Weekly Basis 2/26/23
The Dow Jones Industrial Average (DJIA) settled at 32,816.92, down 1,009.77 points for the week. Crude oil settled at $76.45, +12¢. The...

Wright Team
Feb 26, 20234 min read


Weekly Basis 2/19/23
Commitments of Traders report for publication date February 3, 10 & 17, 2023, is delayed due to ransomware attack on ION Group, UK. A...

Wright Team
Feb 19, 20233 min read


Weekly Basis 2/12/23
Commitments of Traders report for publication date February 3 & 10, 2023, is delayed due to ransomware attack on ION Group, UK. A report will be published somewhat later, we will keep you updated when it resolves. The Dow Jones Industrial Average (DJIA) settled at 33,869.27, down 56.74 points for the week. Crude oil settled at $79.76, up $6.53. The Dollar Index settled at 103.58, up 0.59. The Baltic Dry Index (a shipping freight-cost index) settled at 602, down 19 for t

Wright Team
Feb 12, 20233 min read


Weekly Basis 2/5/23
Commitments of Traders report for publication date February 3, 2023, is delayed due to ransomware attack on ION Group, UK. A report will...

Wright Team
Feb 5, 20232 min read


Weekly Basis 1/29/23
The Dow Jones Industrial Average (DJIA) settled at 33,978.08, up 602.59 points for the week. Crude oil settled at $79.38, down $2.31. The Dollar Index settled at 101.92, down 0.07. The Baltic Dry Index (a shipping freight-cost index) settled at 676, down 87 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.83, up 6¾¢ for the week. December futures at $5.87¼, down 8½¢.

Wright Team
Jan 29, 20233 min read


Weekly Summary & Recommendations 1/25/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...

Wright Team
Jan 25, 20232 min read


Weekly Basis 1/22/23
The Dow Jones Industrial Average (DJIA) settled at 33,375.49, down 927.12 points for the week. Crude oil settled at $81.69, up $1.62. The...

Wright Team
Jan 22, 20233 min read


Weekly Basis 1/15/23
The Dow Jones Industrial Average (DJIA) settled at 34,302.61, up 672.00 points for the week. Crude oil settled at $80.07, up $6.34. The Dollar Index settled at 102.18, down 1.73. The Baltic Dry Index (a shipping freight-cost index) settled at 946, down 184 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.75, up $0.21 for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price + Basis = Cash price) US natio

Wright Team
Jan 15, 20235 min read


Weekly Basis 1/8/23
The Dow Jones Industrial Average (DJIA) settled at 33,630.61, up 483.36 points for the week. Crude oil settled at $73.73, down $6.78. The Dollar Index settled at 103.91, up 0.42. The Baltic Dry Index (a shipping freight-cost index) settled at 1,130, down 385 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.54 down $0.24½ for the week.

Wright Team
Jan 8, 20233 min read
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