BASIC & RECENT MARKET INFO

Levi near Mason City, Iowa sent this yesterday: "Silks and tassels are out, but corn is rolling with the furnace getting turned up this week. Beans across the countryside started turning yesterday." Highlights The nation’s corn crop is rated 57% good or excellent, the same as a week ago and 1% less than the market expected. The soybean crop is rated 54% good or excellent, 1% less than the market expected and 1% less than a week ago. You can read all the various crops and stat

The Dow Jones Industrial Average (DJIA) settled at 35,227.69, +718.66 points for the week. Crude oil settled at $76.83, +1.56. The Dollar Index settled at 101.08, +1.12. The Baltic Dry Index (a shipping freight-cost index) settled at 978, -112 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.27, +20½¢ for the week. December futures at $5.36¼, +22½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

Highlights The Central Bank of Brazil released the result of the IBC-Br for May of this year. The indicator, which is seen as a preview of the Brazilian GDP, recorded a sharp monthly drop of 2%, well below expectations by analysts of no growth (0.00%). Urea prices ended another week on highs around the globe. Nitrogen quotes delivered to Brazil increased US$15 to US$20 per mt, and prices were between US$315-320 per mt. Ukraine said several days ago it would ship grain west

Pricing Soybeans Sell all remaining 2022 (old crop) soybeans. This is generic market information. If you are a full service client, talk...

Yesterday, Roger recommended you price 2023 fertilizer. He meant fertilizer for 2024 crops. Highlights Is the weather or the war more supportive of these markets? Does it matter? Wheat certainly gets an extra boost on the war news as the war is in “The Bread Basket of the World.” Russia took another swipe on Ukraine’s port of Odessa again Wednesday and will probably continue to do so. The Viterra and Kernel facilities were both bombed. Major damage was done. That news suppo

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, July 18 , 2023: September corn settled on Tuesday at $5.28¾, +34¼¢ from last Tuesday. December corn settled on Tuesday at $5.34½, +33¢ since last Tuesday. The past 7 days’ high was $5.40¾, the low was $4.81. Contract high is $6.79¼ made Apr 27, 2022;

The Dow Jones Industrial Average (DJIA) settled at 34,509.03, +774.15 points for the week. Crude oil settled at $75.27, +1.60. The Dollar Index settled at 99.96, -2.31. The Baltic Dry Index (a shipping freight-cost index) settled at 1,090, +81 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.06½, +19¼¢ for the week. December futures at $5.13¾, +19¼¢ for the week. Basis (U = September; e.g. 10U means 10¢ over S

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our pricing recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, July 11 , 2023: September corn settled on Tuesday at $4.94½, +11¼¢ from last Tuesday. December corn settled on Tuesday at $5.01½, +8¢ since last Tuesday. The past 7 days’ high was $5.09½, the low was $4.85½. Contract high is $6.79¼ made Apr 2

The Dow Jones Industrial Average (DJIA) settled at 33,734.88, -672.72 points for the week. Crude oil settled at $73.67, +3.22. The Dollar Index settled at 102.27, -0.65. The Baltic Dry Index (a shipping freight-cost index) settled at 1,009, -82 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.87¼, -1¼¢ for the week. December futures at $4.94½, -½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Sep

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 Monday, July 4 , 2023: September corn settled on Monday at $4.83¼, -73¢ from last Tuesday. December corn settled on Monday at $4.93½, -67½¢ since last Tuesday. The past 7 days’ high was $5.62½, the low was $4.88. Contract high is $6.79¼ made Apr 27, 2022; Con

The Dow Jones Industrial Average (DJIA) settled at 34,407.60, +680.17 points for the week. Crude oil settled at $70.45, +0.95. The Dollar Index settled at 102.92, +0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,091, -149 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.88½, -96¼¢ for the week. December futures at $4.94¾, -93¼¢ for the week. Basis (U = September; e.g. 10U means 10¢ over

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, June 27 , 2023: September corn settled on Tuesday at $5.56¼, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.61, -36½¢ since last Tuesday. The past 7 days’ high was $6.29¾, the low was $5.55. Contract high is $6.79¼ made Apr 27, 2022;

The Dow Jones Industrial Average (DJIA) settled at 33,727.43, -571.69 points for the week. Crude oil settled at $69.50, -1.94. The Dollar Index settled at 102.87, +0.57. The Baltic Dry Index (a shipping freight-cost index) settled at 1,240, +164 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.84¾, -9¼¢ for the week. December futures at $5.88, -9½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

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, June 20 , 2023: July corn settled on Tuesday at $6.43¾, +31¼¢ from last Tuesday. December corn settled on Tuesday at $5.97½, +50½¢ since last Tuesday. The past 7 days’ high was $6.09, the low was $5.42½. Contract high is $6.79¼ made Apr 27, 2022; Co

The Dow Jones Industrial Average (DJIA) settled at 34,299.12, +422.34 points for the week. Crude oil settled at $71.44, +1.09. The Dollar Index settled at 102.305, -1.25. The Baltic Dry Index (a shipping freight-cost index) settled at 1,076, +21 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.40¼, +36¢ for the week. December futures at $5.97½, +67¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

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, June 13 , 2023: July corn settled on Tuesday at $6.12½, +4½¢ from last Tuesday. December corn settled on Tuesday at $5.47, +6¢ since last Tuesday. The past 7 days’ high was $5.59½, the low was $5.20¼.

The Dow Jones Industrial Average (DJIA) settled at 33,876.78, +114.02 points for the week. Crude oil settled at $70.35, -1.52. The Dollar Index settled at 103.55, -0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,055, +118 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04¼, -4¾¢ for the week. December futures at $5.30½, -10¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futur

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, June 6 , 2023: July corn settled on Tuesday at $6.08, +14¢ from last Tuesday. December corn settled on Tuesday at $5.41, +15¾¢ since last Tuesday. The past 7 days’ high was $5.48, the low was $5.11¼. Contract high is $6.79¼ made Apr 27, 2022; Contra

The Dow Jones Industrial Average (DJIA) settled at 33,762.76, +669.42 points for the week. Crude oil settled at $71.87, -1.00. The Dollar Index settled at 104.04, -0.19. The Baltic Dry Index (a shipping freight-cost index) settled at 937, -235 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.09, +5¢ for the week. December futures at $5.41¼, +6¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

Highlights The weekly US Drought Monitor this week has corn producing areas in a certified drought increased by 8% to 34% overall. Humidity yesterday afternoon in Ohio was in the 25% area, Indiana was in the 35% area and most of the Corn Belt States further west and north were in the 45% humidity level. The Senate passed the debt ceiling bill late Thursday 63 to 36. All markets breathed a collective (but unnecessary) sigh of relief. The USA was never going to default on it