BASIC & RECENT MARKET INFO

Highlights The USDA will issue its April Supply and Demand (S&D) Report today at 10 AM Mountain Time. The expected numbers in million bushels for US and mts for the world are: If USDA throws out a surprise today, it most likely will be a bullish soybean carryover. Why? The USDA took an inventory as of December first and again March first. Every week, USDA reports how many beans were exported and every month, USDA reports how many beans were crushed. So, December first invent

The Dow Jones Industrial Average (DJIA) settled at 33,485.29, +210.14 points for the week. Crude oil settled at $80.46, +4.76. The Dollar Index settled at 102.09, -0.50. The Baltic Dry Index (a shipping freight-cost index) settled at 1,560, +171 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43½, -17¢ for the week. December futures at $5.56¾, -9¾¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Outlook for Production Agriculture as of April 2019 (and April 2023 update) Long Term Outlook World population is increasing and more...

American markets are closed today and will begin trading normal time Sunday evening. Highlights The US initial claims for unemployment benefits dropped 18,000 to a seasonally adjusted 228,000 for the week ended April 1, which was 28,000 more claims than expected. Worse yet, data for last week’s new unemployment claims was revised higher by a whopping 48,000. The Canadian economy added more jobs than expected in March and the unemployment rate remained near a record low for a

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 4 , 2023: May corn settled on Tuesday at $6.53, +6½¢ from last Tuesday. December corn settled on Tuesday at $5.60, -12¼¢ since last Tuesday. The past 7 days’ high was $5.76¼, the low was $5.58¼.

The Dow Jones Industrial Average (DJIA) settled at 33,275.15, +1037.62 points for the week. Crude oil settled at $75.70, +6.50. The Dollar Index settled at 102.59, -0.52. The Baltic Dry Index (a shipping freight-cost index) settled at 1,389, -95 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.60½, +17½¢ for the week. December futures at $5.66½, +6¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futur

Highlights: Wheat USDA sees US wheat acres at 49.9 million (20.1 million hectares), up 9% from 2022 and 8% above the five-year average. Winter wheat planted area is up 13% at 37.5 million acres, with 26.0 million acres of Hard Red Winter, 7.8 million acres of Soft Red Winter, and 3.7 million acres of white winter wheat. All spring wheat acres will be down 2% from a year ago with Hard Red Spring at 9.9 million acres and durum up 9% to 1.8 million acres. All US wheat inventory

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, March 28 , 2023: May corn settled on Tuesday at $6.47, +17¼¢ from last Tuesday.

The Dow Jones Industrial Average (DJIA) settled at 32,237.53, +375.55 points for the week. Crude oil settled at $69.20, +2.86. The Dollar Index settled at 103.11, -0.75. The Baltic Dry Index (a shipping freight-cost index) settled at 1,484, -51 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43, +8¾¢ for the week. December futures at $5.60¼, -1¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures p

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, March 21 , 2023: May corn settled on Tuesday at $6.30, +9¼¢ from last Tuesday. December corn settled on Tuesday at $5.56¾, -2½¢ since last Tuesday. The past 7 days’ high was $5.64¼, the low was $5.53¾

The Dow Jones Industrial Average (DJIA) settled at 31,861.98, -47.66 points for the week. Crude oil settled at $66.34, -10.34. The Dollar Index settled at 103.86, -0.78. The Baltic Dry Index (a shipping freight-cost index) settled at 1,535, +111 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.34¼, +17¢ for the week. December futures at $5.61¼, +3½¢ for the week.

Highlights Oleksandr Kubrakov is Vice Prime Minister for the Restoration of Ukraine. He reported yesterday The Black Sea Grain Initiative (Ukraine’s corridor to export grain) has been extended for 120 days. Elena Faige Neroba is with Maxi Grain in Kyiv, Ukraine. She said Russia notified Turkey and the UN that the grain deal was extended for 60 days. UBS AG is the largest Swiss bank. It has asked the Swiss government to cover about $6 billion in costs if it were to buy 167-ye

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, March 14 , 2023: May corn settled on Tuesday at $6.20¾, -13½¢ from last Tuesday. December corn settled on Tuesday at $5.59¼, -7¾¢ since last Tuesday. The past 7 days’ high was $5.67½, the low was $5.50¾.

The Dow Jones Industrial Average (DJIA) settled at 31,909.64, -1,481.33 points for the week. Crude oil settled at $76.68, -3.17. The Dollar Index settled at 104.64, +0.11. The Baltic Dry Index (a shipping freight-cost index) settled at 1,424, +213 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.17¼, -23½¢ for the week. December futures at $5.57¾, -13¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Fu

Why Is There Such A Price Difference Between KC Wheat and Chicago Wheat Futures? 2 March 2023 When I go to the CME website, I have...

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, March 7 , 2023: May corn settled on Tuesday at $6.34¼, +4¢ from last Tuesday. December corn settled on Tuesday at $5.67, -2¾¢ since last Tuesday. The past 7 days’ high was $5.73½, the low was $5.64.

The Dow Jones Industrial Average (DJIA) settled at 33,390.97, +574.05 points for the week. Crude oil settled at $79.85, +$3.40. The Dollar Index settled at 104.53, -0.73. The Baltic Dry Index (a shipping freight-cost index) settled at 1,211, +328 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.40¾, -8½¢ for the week. December futures at $5.71, -5¼¢ for the 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, February 28 , 2023: May corn settled on Tuesday at $6.30¼, -50¼¢ from last Tuesday. December corn settled on Tuesday at $5.69¾, -26¾¢ since last Tuesday. The past 7 days’ high was $5.96¼, the low was $5.68¾. Contract high is $6.79¼ made Apr 27, 2022;

The Dow Jones Industrial Average (DJIA) settled at 32,816.92, down 1,009.77 points for the week. Crude oil settled at $76.45, +12¢. The...

Tidbits March options expired yesterday. The option expiration day is seldom a good day for the owners of grain and oil seeds, whether in the bin or on the CBOT. Late February, over the decades, is usually the winter low for corn and beans. There was economic news released Friday morning that the market thinks justified higher interest rates by the Federal reserve, so the dollar was stronger, which is bad for exports, and wheat relies more on export demand than any commodity