BASIC & RECENT MARKET INFO

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,676, +436.02 points for the week. Crude oil  settled at $77.99, -5.67. The Dollar Index  settled at 105.08, -1.01. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,876, +155 for the week. Corn July futures  at $4.60¼, +10¼¢ for the week. Basis   (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basi

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, April 30 , 2024: July corn settled yesterday at $4.39½, -3½¢ since last Tuesday. The past 7 days’ high

Highlights The road map for corn ethanol and soy oil to qualify for the SAF $40 billion of subsidies was released by the Biden Administration yesterday afternoon after the CBOT closed. No-till, cover crops, and “efficient fertilization” must be documented to have shot at the bonus price for low carbon corn and beans. Ag Economist Scott Irwin from The University of Illinois summed it up this way: "Looks to me like a pretty small number of acres would qualify for 2023 and 2024.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,240, +253.26 points for the week. Crude oil  settled at $83.66, +0.42. The Dollar Index  settled at 106.09, -0.03. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,721, -198 for the week. Corn May futures  at $4.40, +6½¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis =

Highlights Wheat has been the upside leader the past three trading days. What are analysts saying is moving the wheat market higher?   The dry US Southern Plains (this area had a crop failure in 2023 and the market did not care) Forecast for freezing temps in Europe Too much rain in France Not enough rain in Southern Russia     Except for cold temperatures in Europe, all of the above is and has been old news for several months and more for the dry Southern Plains.   Yesterday

Marketing recommendations for grain May basis contracts. Wheat weather problems. IRS summary.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37,986, +3.16 points for the week. Crude oil  settled at $83.24, -2.21. The Dollar Index  settled at 106.12, +0.11. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,919, +190 for the week. Corn May futures  at $4.33½, -2¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis = C

Futures & Spreads May beans low yesterday was lower than Thursday’s low and yesterday’s May beans settlement price was higher than the high made on Thursday. The Tech Guy pointed that out to us. Technicians call that a “key reversal” of a down trending market. Many of you have May basis contracts which need to be rolled or cashed out no later than the close of the CBOT on Monday, April 29th. Many merchandisers will require you to roll or cash out sooner than the 29th, so chec

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, April 16 , 2024: May corn settled yesterday at $4.31, -¼¢ since last Tuesday. The past 7 days’ high wa

Wheat Market Comments We have often quoted Kevin Duling, a market advisor and wheat producer from Maupin, Oregon, who has the best perspective of the US wheat markets and probably the best perspective for the world wheat market. He would welcome your questions and information about his service at Oregon (kdinvestors at gmail.com, 541 980 4554). Here is information he sent his clients after Thursday’s USDA reports (spelling retained):    Annual sales timing history:   I went t

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 37,983, -920.80 points for the week. Crude oil  settled at $85.45, -1.28. The Dollar Index  settled at 106.01, +1.72. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,729, +101 for the week. Corn May futures  at $4.35½, +1¼¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis

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, April 9 , 2024: May corn settled yesterday at $4.31¼, +4¾¢ since last Tuesday. The past 7 days’ high w

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 38,904, -903.33 points for the week. Crude oil  settled at $86.73, +3.62. The Dollar Index  settled at 104.29, -0.20. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,628, -193 for the week. Corn May futures  at $4.34¼, -7¾¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis

Tidbits Yesterday morning, USDA announced the sale of 152,404 mts of old crop soybeans to Mexico.   Datagro expects to see Brazil’s April soybean exports at 10.65 mil mts vs. 14.05 in April 2023 and corn exports 25,000 mts vs. 176,000 mts in April 2023. Does that indicate a short safrinha crop coming? Not much old crop corn left? Maybe both? Maybe none of the above.   Brent Crude oil’s surge above $91 a barrel on escalating geopolitical tensions, WTI is above $86. The Departm

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, April 2 , 2024: May corn settled yesterday at $4.26½, -6¢ since last Tuesday. The past 7 days’ high wa

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,807, +331.47 points for the week. Crude oil  settled at $83.11, +2.29. The Dollar Index  settled at 104.49, +0.06. The Baltic Dry Index  (a shipping freight-cost index)  settled at 1,821, -375 for the week. Corn May futures  at $4.42, +2¾¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis =

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, March 26 , 2024: May corn settled on Tuesday at $4.32½, -7¢ since last Tuesday. The past 7 days’ high

Highlights Russian officials have halted the transport of loaded bushels sold by RIF, a top 2 exporter, due to quality issues.   Market advisor, Kevin Duling of Maupin, Oregon is a wheat guy for sure. He provided us with this information last evening: It was revealed Grain Flower, the 2nd largest Russian grain exporter, could not meet quality specs on over 1 mil mts of wheat with ships in port expecting to be loaded. The Russian government would not grant phytosanitary permit

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. The Dow Jones  Industrial Average (DJIA) settled at 39,476, +761.13 points for the week. Crude oil  settled at $80.82, -0.18. The Dollar Index  settled at 104.43, +0.98. The Baltic Dry Index  (a shipping freight-cost index)  settled at 2,196, -178 for the week. Corn May futures  at $4.39¼, +2½¢ for the week. Basis   (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis

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, March 19 , 2024: May corn settled on Tuesday at $4.39½, -2¼¢ since last Tuesday. The past 7 days’ high