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, November 15 , 2022: December corn settled on Tuesday at $6.66¾. Price change Tuesday to Tuesday: up $0.01¼. The past week’s high was $6.75, the low was $6.51¼. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Ra

The Dow Jones Industrial Average (DJIA) settled at 33,747.86, up 1,344.64 points for the week. Crude oil settled at $88.86, down $3.74 for the week. The Dollar Index settled at 106.42, down 4.37 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,355, up 32 points for the week. Below is corn, soybeans and wheat basis outlook 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, November 8 , 2022: December corn settled on Tuesday at $6.65½.

The Dow Jones Industrial Average (DJIA) settled at 32,403.22, down 458.58 points for the week. Crude oil settled at $92.60, up $4.22 for the week. The Dollar Index settled at 110.79, up 0.12 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,323, down 211 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.81, up ¼ of a cent 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, November 1 , 2022: December corn settled on Tuesday at $6.97¾. Price change Tuesday to Tuesday: up $0.11½.

The Dow Jones Industrial Average (DJIA) settled at 32,861.80, up 1,779.24 points for the week. Crude oil settled at $88.38, up $3.24 for the week. The Dollar Index settled at 110.67, down 1.21 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,534, down 285 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.80¾, down $0.03½ for the week. Basis

Highlights & Commentary When the market opens this evening, we expect: Wheat to be sharply higher, possibly up the daily limit (see daily limits below) Corn 10 to 25+ higher Soybeans 5 to 20+ higher If we are wrong, it will be much higher for corn and beans. Keep reading for the reason below. The Russians just removed 12 to 18 million mt of wheat and 30 to 35 million mt of corn from the world marketplace. That is 16% of the world carryover of wheat (not counting China’s car

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, October 26 , 2022: December corn settled on Tuesday at $6.86¼. Price change Tuesday to Tuesday: up $0.05¼. The past week’s high was $6.88, the low was $6.74. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Rang

Highlights The S&P Purchasing Managers Index (PMI) was released Monday. A PMI of 50 means the managers who do the buying for their business plan to buy the same number of inputs next month as they did the previous month. The S&P Index PMI, which includes US services and manufacturing was 47.3 in October, down from 49.5 in September. We did not think this news was nearly as significant as the market did. Certainly, China’s announcement it will continue its “zero covid” policy

Yield report from northeast Illinois early Saturday morning: "Morning Roger, we had a 70 mile run straight south for parts yesterday. I would say by Sunday the bean crop will be all wrapped up for the most part; we should finish tomorrow. At the end of August would of swore we had a bumper crop of beans; weather was perfect all year, but talking with several guys seems upper 50 to low 60 covers it, just a touch above average, hopefully with the heat the next several days this

The Dow Jones Industrial Average (DJIA) settled at 31,082.56, up 1,447.73 points for the week. Crude oil settled at $85.14, down $0.41 for the week. The Dollar Index settled at 111.88, down 1.42 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,819, down 19 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.84¼, down $0.05½ for the week. Basis

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, October 18 , 2022: December corn settled on Tuesday at $6.81. Price change Tuesday to Tuesday: down $0.12.

Yield Report from South Central Nebraska: "Normally, I apply 12 to 14 inches of water; did 14 to 16 this year. I started the pivots before I planted so I could get the planter in the ground. Irrigated corn about 10 bushels less than last year and dry land corn zero to 25 bushels. Bean yields are very disappointing. Kaapa Ethanol is paying 60 over the December at all three locations with free DP." Thanks, Josh. Basis Report: "The coops in our area are finally figuring out th

The Dow Jones Industrial Average (DJIA) settled at 29,634.83, up 338.04 points for the week. Crude oil settled at $85.55, down $7.65 for the week. The Dollar Index settled at 113.30, up 0.55 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,838, down 123 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.89¾, up $0.06½ for the week. Basis

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, October 11 , 2022: December corn settled on Tuesday at $6.93. Price change Tuesday to Tuesday: up $0.10.

The Dow Jones Industrial Average (DJIA) settled at 29,296.79, up 571.28 points for the week. Crude oil settled at $93.20, up $13.46 for the week. The Dollar Index settled at 112.75, up 0.58 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,961, up 201 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.83¼, up $0.05¾ for the week. Basis

Highlights Yield Report: Southern valley in North Dakota saw wheat yields around 50 bushels, which is average to a little below. Bean yields have been in the 40 to 45 range, which is disappointing and early corn yields have been coming off around 150 to 160. The corn yields are very disappointing. Thank you, Jacob Kubela, who is a grain market consultant in Wahpeton, North Dakota: jake@kubelahedging.com , (701)403 3472. Banks and government workers will have a holiday Monday

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, October 4 , 2022: December corn settled on Tuesday at $6.83. Price change Tuesday to Tuesday: up $0.15½. The past week’s high was $6.96¼, the low was $6.61½.

The Dow Jones Industrial Average (DJIA) settled at 28,725.51, down 864.90 points for the week. Crude oil settled at $79.74, up $0.31 for the week. The Dollar Index settled at 112.17, down 0.85 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,760, down 56 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.77½, up ¾ of a cent 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, September 27 , 2022: December corn settled on Tuesday at $6.67½. Price change Tuesday to Tuesday: down $0.24½. The past week’s high was $6.98½, the low was $6.65½.