BASIC & RECENT MARKET INFO

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, May 30 , 2023: July corn settled on Tuesday at $5.94, +16½¢ from last Tuesday. December corn settled on Tuesday at $5.25¼, +8½¢ since last Tuesday. The past 7 days’ high was $5.36¼, the low was $5.13½.

When to lock-in Soft Red Winter Wheat Basis For the past 15 to 20 years, the firmest basis for new crop soft red winter wheat has been two weeks before the local harvest begins. We really do not know why that is, but it is true for the vast majority of the past two decades. Unless you are going to store soft red winter wheat on the farm until the corn and bean harvest is complete, get that soft red winter wheat basis locked-in two weeks before harvest in your area begins. A

The Dow Jones Industrial Average (DJIA) settled at 33,093.34, -333.29 points for the week. Crude oil settled at $72.87, +1.20. The Dollar Index settled at 104.23, +1.04. The Baltic Dry Index (a shipping freight-cost index) settled at 1,172, -212 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04, +49½¢ for the week. December futures at $5.34½, +34¾¢ 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, May 23 , 2023: July corn settled on Tuesday at $5.77½, -3¾¢ from last Tuesday. December corn settled on Tuesday at $5.16¾, +11½¢ since last Tuesday. The past 7 days’ high was $5.19½, the low was $4.90¾.

The Dow Jones Industrial Average (DJIA) settled at 33,426.63, +126.01 points for the week. Crude oil settled at $71.67, +1.58. The Dollar Index settled at 103.19, +0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,384, -174 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.54½, -31¾¢ for the week. December futures at $4.99¾, -9¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

Highlights Just before midday yesterday, negotiations on raising the US debt ceiling broke off, which pretty much sent all markets around the world lower except gold and silver, the traditional place to park money when the end of civilization is approaching. The issue is the House Republicans want no spending increase as part of the increased debt ceiling deal and Democrats say no way will they ever agree to that. The House of Representatives is the only government body whic

Highlights Russia’s Foreign Ministry said Russia will not extend the Ukraine grain deal after July 17 if all problematic issues are not resolved. The Wheat Quality Council’s HRW wheat tour’s final yield estimate for Kansas was 30 bushels per acre for a total production of 178 million bushels (USDA 191.4). That would be Kansas’ smallest crop since 1957 and implies an abandonment rate of 26.75%. Nationwide, 46% of the winter wheat production is in drought conditions this week

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, May 16 , 2023: July corn settled on Tuesday at $5.81¼, -3½¢ from last Tuesday. December corn settled on Tuesday at $5.05¼, -13¢ since last Tuesday. The past 7 days’ high was $5.21¼, the low was $5.01.

The Dow Jones Industrial Average (DJIA) settled at 33,300.62, -373.76 points for the week. Crude oil settled at $70.09, -1.23. The Dollar Index settled at 102.70, +1.42. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.86¼, -10¼¢ for the week. December futures at $5.08¾, -26¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

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, May 9 , 2023: July corn settled on Tuesday at $5.84¾, +4¾¢ from last Tuesday. December corn settled on Tuesday at $5.18¼, -1½¢ since last Tuesday. The past 7 days’ high was $5.37, the low was $5.12½. Contract high is $6.79¼ made Apr 27, 2022; Contra

The Dow Jones Industrial Average (DJIA) settled at 33,674.38, -423.78 points for the week. Crude oil settled at $71.32, -5.31. The Dollar Index settled at 101.28, -0.39. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, -18 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.96½, +11½¢ for the week. December futures at $5.34¾, +7¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Futu

Highlights Weekly export sales reported Thursday morning were a net reduction of 315,600 mts of old crop corn. It has been more than 20 years since weekly corn sales were a net reduction in May. The market knew China had cancelled about 570,000 mt of corn purchases two weeks ago, but the expectation was other buyers would offset the cancellations to get at least a net positive sale for the reporting week ending a week ago Thursday. None-the-less, corn futures were smartly hig

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, May 2 , 2023: July corn settled on Tuesday at $5.80, -27¾¢ from last Tuesday. December corn settled on Tuesday at $5.19¾, -28½¢ since last Tuesday. The past 7 days’ high was $5.50, the low was $5.18.

The Dow Jones Industrial Average (DJIA) settled at 34,098.16, +289.20 points for the week. Crude oil settled at $76.63, -1.32. The Dollar Index settled at 101.67, -0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,576, +72 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.85, -30¼¢ for the week. December futures at $5.27¾, -20¼¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Fut

Your futures broker and your merchandiser want all May futures positions and basis contracts liquidated or rolled by the close of business today. Friday is the first day the CBOT will issue delivery assignments to the oldest long May contract futures contract on the books; Friday is what the trade calls “First Notice Day” (FND). For CBOT ag contracts, FND is always the last business day of the calendar month preceding the futures contract month. To learn about how the deliver

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, April 25 , 2023: July corn settled on Tuesday at $6.07¾, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.48¼, -22¾¢ since last Tuesday. The past 7 days’ high was $5.71¼, the low was $5.41¾.

The Dow Jones Industrial Average (DJIA) settled at 33,808.96, -77.51 points for the week. Crude oil settled at $77.95, -4.73. The Dollar Index settled at 101.72, 0.14. The Baltic Dry Index (a shipping freight-cost index) settled at 1,504, +69 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.15¼, -20½¢ for the week. December futures at $5.48, -12¢ for the week. Basis (K = May, N = July; e.g. 10N means 10¢ over July futures

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, April 18 , 2023: May corn settled on Tuesday at $6.77½, +26½¢ from last Tuesday. December corn settled on Tuesday at $5.71, +11¾¢ since last Tuesday. The past 7 days’ high was $5.71, the low was $5.51¼.

The Dow Jones Industrial Average (DJIA) settled at 33,886.47, +401.18 points for the week. Crude oil settled at $82.68, +2.22. The Dollar Index settled at 101.58, -0.51. The Baltic Dry Index (a shipping freight-cost index) settled at 1,435, -125 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.66¼, +22¾¢ for the week. December futures at $5.60, +3¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (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, April 11 , 2023: May corn settled on Tuesday at $6.51, -2¾¢ from last Tuesday. December corn settled on Tuesday at $5.59¼, -¾¢ since last Tuesday. The past 7 days’ high was $5.65½, the low was $5.50½. Contract high is $6.79¼ made Apr 27, 2022; Contra