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, February 21 , 2023: March corn settled on Tuesday at $5.80½, -1¾¢ from last Tuesday. December corn settled on Tuesday at $5.96½, -1¼¢ since last Tuesday. The past 7 days’ high was $5.97½, the low was $5.91¾.

Commitments of Traders report for publication date February 3, 10 & 17, 2023, is delayed due to ransomware attack on ION Group, UK. 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, February 14 , 2023: March corn settled on Tuesday at $5.82¼, +8¼¢ from last Tuesday. December corn settled on Tuesday at $5.97¾, +4¼¢ since last Tuesday. The past 7 days’ high was $5.98¾, the low was $5.89¾. Contract high is $6.79¼ made Apr 27, 2022;

Commitments of Traders report for publication date February 3 & 10, 2023, is delayed due to ransomware attack on ION Group, UK. A report will be published somewhat later, we will keep you updated when it resolves. The Dow Jones Industrial Average (DJIA) settled at 33,869.27, down 56.74 points for the week. Crude oil settled at $79.76, up $6.53. The Dollar Index settled at 103.58, up 0.59. The Baltic Dry Index (a shipping freight-cost index) settled at 602, down 19 for t

Highlights Russia launched a heavy barrage of missile attacks on two cities in northeast Ukraine Friday and announced it will reduce crude oil production by a half million barrels a day in March. The escalation of the war and crude oil cut both hit the news wires about an hour after we sent yesterday’s mailing. We do not see the oil production cut any more than a day or two market reaction that appeared to be completely absorbed yesterday afternoon. The war escalation prompt

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...

Commitments of Traders report for publication date February 3, 2023, is delayed due to ransomware attack on ION Group, UK. A report will...

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, January 31 , 2023: March corn settled on Tuesday at $6.79¾, up 8¾¢ for the week. December corn settled on Tuesday at $5.90¾. Price change Tuesday to Tuesday: down ½¢.

The Dow Jones Industrial Average (DJIA) settled at 33,978.08, up 602.59 points for the week. Crude oil settled at $79.38, down $2.31. The Dollar Index settled at 101.92, down 0.07. The Baltic Dry Index (a shipping freight-cost index) settled at 676, down 87 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.83, up 6¾¢ for the week. December futures at $5.87¼, down 8½¢.

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans...

The Dow Jones Industrial Average (DJIA) settled at 33,375.49, down 927.12 points for the week. Crude oil settled at $81.69, up $1.62. The...

Highlights Russia President Putin late yesterday morning said, "We cannot allow everything to be pulled (exported) abroad. We definitely need reserves. We do not know how the crops will yield in 2023. Look what's happening: the weather is warm in Europe. Today I spoke with the President Serdar Berdimuhamedov of Turkmenistan; the temperature was minus 25 (usual weather is much warmer). In Turkmenistan! In Uzbekistan; minus 23! What will happen here? We can't tell for sure! The

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, January 17 , 2023: March corn settled on Tuesday at $6.85¼, up $0.30½ for the week. December corn settled on Tuesday at $6.03¾. Price change Tuesday to Tuesday: up $0.14½. The past week’s high was $6.04½, the low was $5.83¾. Contract high is $6.79¼

CBOT will begin trading at 7 PM Central Time this evening. Crude oil started trading last evening. Highlights NATO defense ministers will meet on January 20. Ukraine, naturally, wants NATO to increase its support for the war and obviously wants to sway EU public opinion to support continued deliveries of military equipment and money to Ukraine. On Sunday, Russian news service reported Ukrainian agents intentionally destroyed a grain elevator in northeast Ukraine to accuse Ru

The Dow Jones Industrial Average (DJIA) settled at 34,302.61, up 672.00 points for the week. Crude oil settled at $80.07, up $6.34. The Dollar Index settled at 102.18, down 1.73. The Baltic Dry Index (a shipping freight-cost index) settled at 946, down 184 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.75, up $0.21 for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price + Basis = Cash price) US natio

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, January 10 , 2023: March corn settled on Tuesday at $6.55. Price change Tuesday to Tuesday: down $0.15½. The past week’s high was $6.71¾, the low was $6.48¼. Contract high is $7.68½ made May 16, 2022; Contract low is $3.95¾ made Dec 15, 2020; Rang

The Dow Jones Industrial Average (DJIA) settled at 33,630.61, up 483.36 points for the week. Crude oil settled at $73.73, down $6.78. The Dollar Index settled at 103.91, up 0.42. The Baltic Dry Index (a shipping freight-cost index) settled at 1,130, down 385 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.54 down $0.24½ for the week.

Highlights Big spec and index fund managers as of last Tuesday were net long 141,877 contracts of bean meal futures and options. That is the largest long position ever, up nearly 12,000 on the reporting week and funds' 6th consecutive week of buying. The prior open interest record was set May 1, 2018. What does that mean? It means the next person to buy soybean meal futures very well may be the last person to buy bean meal at such a high price for a very long time. But there

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, January 3 , 2023: March corn settled on Tuesday at $6.70½. Price change Tuesday to Tuesday: down $0.04¾. The past week’s high was $6.85, the low was $6.68.

The Dow Jones Industrial Average (DJIA) settled at 33,147.25, down 56.68 points for the week. Crude oil settled at $80.51, up $1.16 for the week. The Dollar Index settled at 103.49, down 0.84 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,515, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.78½ up $0.12¼ for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price +