BASIC & RECENT MARKET INFO

It's our weekly grain market prices and US grain basis analysis and outlook on December 31, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37689.54, +303.57 points for the week. Crude oil  settled at $71.33, -2.16. The Dollar Index  settled at 101.38, -0.33. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2094, steady for the week. Corn March futures  at $4.71¼, -1¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢

Highlights Reuters News reported that Russia unleashed its biggest air attack of the war on Ukraine on Friday, cities and infrastructure across the country were targeted. Ukraine claims civilian casualties, while Russia says only military facilities were attacked.   It was Russia’s largest aerial attack of the war on Ukraine and wheat closed lower yesterday. What happened to the good ol’ days when market action made some sense occasionally? Did the world forget the Black Sea

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, December 26 , 2023: March corn settled on Tuesday at $4.80¼, +7½¢ since last Tuesday. The past 7 days’

It's our weekly grain market prices and US grain basis analysis and outlook on December 24, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37385.97, +80.81 points for the week. Crude oil  settled at $73.49, +1.70. The Dollar Index  settled at 101.71, -0.88. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2094, -254 points for the week. Corn March futures  at $4.73, -10¢ for the week. Basis   (H = March; e.g. 10H means

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, December 19 , 2023: December corn settled on Tuesday at $4.72¾, -12½¢ since last Tuesday. The past 7 d

It's our weekly grain market prices and US grain basis analysis and outlook on December 17, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37305.16, +1,057.29 points for the week. Crude oil  settled at $71.79, +0.53. The Dollar Index  settled at 102.59, -1.39. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2348, -135 points for the week. Corn March futures  at $4.83, -2½¢ for the week. Basis   (H = March; e.g. 10H mea

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, December 12 , 2023: December corn settled on Tuesday at $4.85¼, -5¼¢ since last Tuesday. The past 7 da

Highlights Dan Basse, President and Founder of AgResource Company , was recently interviewed by Micheal King of WorldGrain.com . Here are excerpts of his report:   China has bought record amounts of soybeans and right now is buying record amounts of corn. I am not quite sure what is behind it. Some of us believe it is the westernization of China’s hog herd. As everything goes under a black light to prevent ASF, maybe their diets have changed such that they need more soy meal

It's our weekly grain market prices and US grain basis analysis and outlook on December 10, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 36247.87, +2.37 points for the week. Crude oil  settled at $71.26, -3.12. The Dollar Index  settled at 103.98, +0.79. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2483, -709 points for the week. Corn March futures  at $4.85½, +¾¢ for the week. Basis   (H = March; e.g. 10H means 1

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, December 5 , 2023: December corn settled on Tuesday at $4.90½, +17¢ since last Tuesday. The past 7 day

It's our weekly grain market prices and US grain basis analysis and outlook on December 3, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 36245.5, +855.35 points for the week. Crude oil settled at $74.38, -0.80. The Dollar Index settled at 103.19, -0.23. The Baltic Dry Index (a shipping freight-cost index) settled at 3192, +1,090 points for the week. Corn December futures at $4.84¾, +2¼¢ for the week. Basis (H = March; e.g. 10H me

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, November 28 , 2023: December corn settled on Tuesday at $4.51½, -18½¢ since last Tuesday. The past 7 d

It's our weekly grain market prices and US grain basis analysis and outlook on November 26, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 35390.15, +442.87 points for the week. Crude oil  settled at $75.18, -0.66. The Dollar Index  settled at 103.42, -0.39. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2102, +282 points for the week. Corn December futures  at $4.63¼, -3¾¢ for the week. Basis   (Z = December; e.g. 10

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, November 21 , 2023: December corn settled on Tuesday at $4.70, -8¼¢ since last Tuesday. The past 7 day

It's our weekly grain market prices and US grain basis analysis and outlook on November 19, 2023 for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 34947.28, +664.18 points for the week. Crude oil  settled at $75.84, -1.51. The Dollar Index  settled at 103.81, -1.99. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1820, +177 points for the week. Corn December futures  at $4.67, +3¢ for the week. Basis   (Z = December; e.g. 10Z

Highlights The dry areas of Brazil’s crop land are expected to receive more rain in the next 72 hours than the area received in total since May. Most forecasters predict next weekend, the weather will return to very hot and very dry. To our knowledge, no one thinks this rain spell is the beginning of the rainy season.   Even if the rainy season begins this week, there will be very little, if any, safrinha corn to export next summer. The corn trade on Sunday night and Monday m

Highlights Yesterday, the market saw some economic reports from Asia and the USA that were somewhat negative; stuff like US unemployment claims were more than expected. Some analysts predicted China’s crude oil demand will shrink and the rest of the world will reduce its demand for crude oil.     And then President Biden, immediately after concluding the 4-hour meeting China’s President Xi, tells the world that China’s president is a dictator.     Crude oil has lost 21% of it

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, November 14 , 2023: December corn settled on Tuesday at $4.78¼, +9¾¢ since last Tuesday. The past 7 da

It's our weekly grain market prices and US grain basis analysis and outlook on November 12, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34283.1, +221.78 points for the week. Crude oil settled at $77.35, -3.54. The Dollar Index settled at 105.8, +0.73. The Baltic Dry Index (a shipping freight-cost index) settled at 1643, +181 points for the week. Corn December futures at $4.64, -13¼¢ for the week. Basis (Z = December; e.g. 10Z m

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, November 7 , 2023: December corn settled on Tuesday at $4.68½, -10¼¢ since last Tuesday. The past 7 da