Grain Marketing Education, News & Strategies

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, September 17, 2024: December corn settled yesterday at $4.12½, +8¼¢ since last Tuesday. The past 7 days’ hi

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 41,394, +1,048.37 points for the week. Crude oil settled at $69.24, +1.08. Dollar Index settled at 101.11, -0.08. Baltic Dry Index (a shipping freight-cost index) settled at 1,890, -51 for the week. Corn December futures at $4.13¼, +7¢ for the week. Basis (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash price)

Highlights The supply of US refinery products in the US Gulf Coast, especially the 3 million barrel per day Louisiana refining capacity, has been largely unaffected by Hurricane Francine, with Shell’s Norco and Citgo’s Lake Charles refinery reporting no damage and returning to normal operations. A large amount of Libyan production remains shut-down after UN-brokered talks have collapsed; production is now 1.5 million barrels per day. The following chart is the inventory o

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, September 10, 2024: December corn settled yesterday at $4.04¼, -5¢ since last Tuesday. The past 7 days’ hig

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 40,345, -1,217.67 points for the week. Crude oil settled at $68.16, -5.49. Dollar Index settled at 101.19, -0.54. Baltic Dry Index (a shipping freight-cost index) settled at 1,941, +127 for the week. Corn December futures at $4.06¼, +5¼¢ for the week. Basis (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash pric

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, September 3, 2024: December corn settled yesterday at $4.09¼, +16½¢ since last Tuesday. The past 7 days’ hi

Highlights The USDA reported the crush numbers for July: Soybean crush in July was 193 million bushels, 8 million bushels more (4.3%) than a year ago. Corn crush was 527 million bushels, 4% more than a year ago. Corn for ethanol was 474 million bushels, also 4% more than a year ago. Canola crush was 230,516 tons, 10.1% more than a year ago. Cottonseed once refined was 32.8 million pounds, 27% more than a year. USDA will issue the next S&D on Thursday, 12 September. Trad

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 41,563, +388.00 points for the week. Crude oil settled at $73.65, -1.31. Dollar Index settled at 101.73, +1.05. Baltic Dry Index (a shipping freight-cost index) settled at 1,814, +52 for the week. Corn December futures at $4.01, +10¢ for the week. Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash price)

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, August 27, 2024: September corn settled yesterday at $3.67¼, -7¾¢ since last Tuesday. December corn settled

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 41,175, +515.32 points for the week. Crude oil settled at $74.96, -1.64. Dollar Index settled at 100.68, -1.72. Baltic Dry Index (a shipping freight-cost index) settled at 1,762, +71 for the week. Corn September futures at $3.67¾, -2¾¢ for the week. Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash pric

Highlights ProFarmer Tour results and comments by Reuters’ Karen Braun: Minnesota corn yield at 164.9 bu/acre, the tour's lowest since 2012 and down 9% from 2023. USDA has MN corn yield unchanged year-on-year. Pod counts for soybeans were near the 3-year average. “10 stops along my route in southwest Minnesota. Not a single corn field looked good from the road, and that largely held true inside. Corn was yellow and uneven everywhere.” Iowa corn yield at 192.79 bu/acre, a tou

Highlights ProFarmer Tour 2024 results for Illinois were up 5.4% year-on-year, topping the old tour high of 196.96 from 2014. USDA sees it up 9%. Pod counts for soybeans were the tour's highest since 2000 and up nearly 12% the previous year. USDA has up 5%. Three districts of Iowa show mostly strong potential in western Iowa. But NW corn yields were the tour's lowest since at least 2016, too much early rain. Arlen Suderman, Chief Commodities Economist for StoneX, commented:

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, August 20, 2024: September corn settled yesterday at $3.75, -1¼¢ since last Tuesday. December corn settled

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average Index settled at 40,660, +1,162.22 points for the week. Crude oil settled at $76.6, -0.38. Dollar Index settled at 102.4, -0.75. Baltic Dry Index (a shipping freight-cost index) settled at 1,691, +21 for the week. Corn September futures at $3.70½, -6¼¢ for the week. Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash pric

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, August 13, 2024: September corn settled yesterday at $3.76¼, -12½¢ since last Tuesday. December corn settle

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones Industrial Average (DJIA) settled at 39,498, -239.72 points for the week. Crude oil settled at $76.98, +2.84. Dollar Index settled at 103.15, -0.07. Baltic Dry Index (a shipping freight-cost index) settled at 1,670, -5 for the week. Corn September futures at $3.76¾, -9¾¢ for the week. Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash pric

Highlights Tomorrow at 10 AM Mountain Time the USDA will issue its August S&D. It will include yield adjustments for 2024 corn and beans. If you looked at the estimates we sent you on Thursday, August 8th, corn production is expected to be just 12 million bushels (0.008%) more than the USDA’s July production number. Did you notice the expected corn carryover tomorrow is expected to be 1 million bushels smaller than USDA’s July S&D for both the old and new crop corn and the

Tidbits Strategies Grain lowered their EU soft wheat production estimate by 5.8 million to 116.5 million tons, 8.4% lower from 2023. The USDA expects the EU 2024/25 wheat crop to decline by 6% from the previous year to 127.4 million tons. USDA’s Foreign Agricultural Services (FAS) also revised its projection for the 2024/25 EU corn crop 4.2 million lower to 59.8 million mts. Overall, the EU is projected to produce 267.3 million tons of grain, down more than 8 million from t

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, August 6, 2024: September corn settled yesterday at $3.88¾, steady since last Tuesday. December corn settle

Highlights Stock markets around the world rebounded Tuesday from Monday’s terrible losses led by Japanese stocks. After losing 12% on Monday, stocks rallied 10.23% on Tuesday for their third biggest daily gain on record. The Secretary General of the Shiite Hezbollah said yesterday: "Strikes against Israel are being prepared from Iran, Yemen and Lebanon, and they will certainly be carried out. Our joint response will be strong, sensitive and effective. We did not seek milita