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Weekly Basis 3/3/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 39,087, -44.15 points for the week. Crude oil settled at $79.81, +3.24. The Dollar Index settled at 103.89, -0.07. The Baltic Dry Index (a shipping freight-cost index) settled at 2,203, +337 for the week. Corn May futures at $4.24¾, +11¼¢ for the week. Basis (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis

Wright team
Mar 3, 20244 min read


Weekly Summary & Recommendations 2/28/24
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, February 27 , 2024: March corn settled on Tuesday at $4.08¼, -10½¢ since last Tuesday. The past 7 days

Wright team
Feb 28, 20243 min read


Tidbits, Rice and Wheat, Market Commentary on Corn Price 2/26/24
Highlights Trade ministers from nearly every country in the world gather in Abu Dhabi today for a World Trade Organization (WTO) meeting that aims to set new global commerce rules. While no major changes are expected, one never knows what might happen when that many politically motivated upper-crust people discuss changing the rules. Typical bearish events are: Fear of USDA reports, last one was 8 February, next up is the S&D on March 8th. Options expiration day, this past

Wright team
Feb 26, 20244 min read


Weekly Basis 2/25/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 39,132, +503.54 points for the week. Crude oil settled at $76.57, -2.65. The Dollar Index settled at 103.96, -0.32. The Baltic Dry Index (a shipping freight-cost index) settled at 1,866, +256 for the week. Corn March futures at $3.99¾, -16¾¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + B

Wright team
Feb 25, 20244 min read


Weekly Summary & Recommendations 2/21/24
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, February 20 , 2024: March corn settled on Tuesday at $4.18¾, -12¢ since last Tuesday. The past 7 days’

Wright team
Feb 21, 20243 min read


Weekly Basis 2/18/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 38,628, -43.70 points for the week. Crude oil settled at $79.22, +2.62. The Dollar Index settled at 104.28, +0.20. The Baltic Dry Index (a shipping freight-cost index) settled at 1,610, +65 for the week. Corn March futures at $4.16½, -12½¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

Wright team
Feb 18, 20244 min read


Weekly Summary & Recommendations 2/14/24
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, February 13 , 2024: March corn settled on Tuesday at $4.30¾, -8¢ since last Tuesday. The past 7 days’

Wright team
Feb 14, 20243 min read


Weekly Basis 2/11/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 38,672, +17.27 points for the week. Crude oil settled at $76.6, +4.19. The Dollar Index settled at 104.08, +0.12. The Baltic Dry Index (a shipping freight-cost index) settled at 1,545, +138 for the week. Corn March futures at $4.29, -13¾¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basi

Wright team
Feb 11, 20244 min read


Tidbits, EU Protests, Wheat Carryover 2/11/24
Tidbits According to AgriCensus, the Russian government may decrease the unofficial “floor price” for Russian wheat to $235 per mt FOB,...

Wright team
Feb 11, 20242 min read


Weekly Summary & Recommendations 2/7/24
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, February 6 , 2024: March corn settled on Tuesday at $4.38¾, -9¢ since last Tuesday. The past 7 days’ h

Wright team
Feb 7, 20243 min read


Weekly Basis 2/4/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 38654.42, +544.99 points for the week. Crude oil settled at $72.41, -5.82. The Dollar Index settled at 103.96, +0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1407, -111 for the week. Corn March futures at $4.42¾, -3½¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + B

Wright team
Feb 4, 20244 min read


Weekly Summary & Recommendations 1/31/24
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, January 30 , 2024: March corn settled on Tuesday at $4.47¾, +1¼¢ since last Tuesday. The past 7 days’

Wright team
Jan 31, 20243 min read


Weekly Basis 1/28/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 38109.43, +245.63 points for the week. Crude oil settled at $78.23, +4.52. The Dollar Index settled at 103.47, +0.23. The Baltic Dry Index (a shipping freight-cost index) settled at 1518, +15 for the week. Corn March futures at $4.46¼, +¾¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

Wright team
Jan 28, 20243 min read


Weekly Summary & Recommendations 1/24/24
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, January 23 , 2024: March corn settled on Tuesday at $4.46½, +3¢ since last Tuesday. The past 7 days’ h

Wright team
Jan 24, 20243 min read


Weekly Basis 1/21/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 37863.8, +270.82 points for the week. Crude oil settled at $73.71, +0.95. The Dollar Index settled at 103.24, +0.80. The Baltic Dry Index (a shipping freight-cost index) settled at 1503, +43 for the week. Corn March futures at $4.45½, -1½¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Bas

Wright team
Jan 21, 20243 min read


Weekly Summary & Recommendations 1/17/24
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, January 16 , 2024: March corn settled on Tuesday at $4.43½, -15¾¢ since last Tuesday. The past 7 days’

Wright team
Jan 17, 20243 min read


Weekly Basis 1/14/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 37592.98, +126.87 points for the week. Crude oil settled at $72.76, -1.19. The Dollar Index settled at 102.44, +0.01. The Baltic Dry Index (a shipping freight-cost index) settled at 1460, -650 for the week. Corn March futures at $4.47, -13¾¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + B

Wright team
Jan 14, 20243 min read


Weekly Summary & Recommendations 1/10/24
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, January 10 , 2024: March corn settled on Tuesday at $4.59¼, -4½¢ since last Tuesday. The past 7 days’

Wright team
Jan 10, 20243 min read


Weekly Basis 1/7/24
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 37466.11, -223.43 points for the week. Crude oil settled at $73.95, +2.62. The Dollar Index settled at 102.43, +1.05. The Baltic Dry Index (a shipping freight-cost index) settled at 2110, +16 for the week. Corn March futures at $4.60¾, -10½¢ for the week. Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + B

Wright team
Jan 7, 20243 min read


Weekly Summary & Recommendations 1/3/24
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, January 2 , 2023: March corn settled on Tuesday at $4.63¾, -16½¢ since last Tuesday. The past 7 days’

Wright team
Jan 3, 20243 min read
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