BASIC & RECENT MARKET INFO

The Dow Jones Industrial Average settled at 29,590.41, down 1,232.01 points for the week. Crude oil settled at $79.43, down $5.97 for the week. The Dollar Index settled at 113.02, up 3.38 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,816, up 263 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.76¾, down half a cent for the week. Basis (Z = December; e.g. 50Z means 50 over Dece

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 20 , 2022: December corn settled on Tuesday at $6.92. Price change Tuesday to Tuesday: down ¾ of a cent. The past week’s high was $6.93½, the low was $6.67½.

The Dow Jones Industrial Average settled at 30,822.42, down 1,329.29 points for the week. Crude oil settled at $85.40, down $0.70 for the week. The dollar index settled at 109.64, up 0.67 for the week. The Baltic Dry Bulk Index settled at 1,553, up 340 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.77¼, down $0.07¾ 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, September 13 , 2022: December corn settled on Tuesday at $6.92¾. Price change Tuesday to Tuesday: up $0.16¾. The past week’s high was $6.99½, the low was $6.59.

The Dow Jones Industrial Average settled at 32,151.71, up 833.27 points for the week. Crude oil settled at $86.10, down $1.15 for the week. The dollar index settled at 108.97, down 0.64 for the week. The Baltic Dry Bulk Index settled at 1,213, up 127 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.85, up $0.19¼ for the week. Basis

Highlights One year ago today, December 2021 corn made its fall low at $4.97½; less than two months later, it was 85 cents higher. The December 2021 corn high was May 7th at $6.38. Yesterday morning, the USDA announced a sale of 104,000 mts of old crop beans to Taiwan. USDA announced yesterday it will release four weeks of export data on September 15th. That pile of information could rattle markets a bit. Putin and Turkish leader Erdogan will meet next week to discuss th

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 6 , 2022: December corn settled on Tuesday at $6.76. Price change Tuesday to Tuesday: down $0.01¼. The past week’s high was $6.80½, the low was $6.54.

The Dow Jones Industrial Average settled at 31,318.44, down 964.96 points for the week. Crude oil settled at $87.25, down $5.72 for the week. The dollar index settled at 109.61, up 0.77 for the week. The Baltic Dry Bulk Index settled at 1,086, up 4 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.65¾, up $0.01½ for the week. Basis (Z = December; e.g. 50Z means 50 over December) (Futures price + Basis = Cash pr

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, August 30 , 2022: December corn settled on Tuesday at $6.77¼. Price change Tuesday to Tuesday: up $0.22. The past week’s high was $6.83¾, the low was $6.47¼.

The Dow Jones Industrial Average settled at 32,283.40, down 1,423.34 points for the week. Crude oil settled at $92.97, up $3.06 for the week. The dollar index settled at 108.84, up 0.74 for the week. The Baltic Dry Bulk Index settled at 1,082, down 197 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.68¾, up $0.42¾ for the week. December futures at $6.64¼, up $0.41 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, August 23 , 2022: December corn settled on Tuesday at $6.55¼. Price change Tuesday to Tuesday: up $0.45. The past week’s high was $6.62, the low was $6.04.

Highlights Pro Farmer Tour news was somewhat better corn on Tuesday than Monday, but not nearly average yields except one location. Soybean pod counts were actually less than we expected given the August rains in much of the Corn Belt. Reuter’s Karen Braun reported: Pod counts are way down from this same route last year through 5 stops (Hamilton, N Polk & York Counties, Nebraska). Averaging 1167 pods in a 3x3' plot vs 1795 last year. The USDA announced yesterday morning that

The Dow Jones Industrial Average settled at 33,706.74, down 54.31 points for the week. Crude oil settled at $89.91, down $1.97 for the week. The dollar index settled at 108.10, up 2.43 for the week. The Baltic Dry Bulk Index settled at 1,279, down 198 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.26, down $0.13¾ for the week. December futures at $6.23¼, down $0.19 for the week. Basis

Highlights The US dollar index had its biggest gain yesterday since early July. That made it very tough sledding for exportable products, but corn and beans managed small gains. Wheat has always been more sensitive to the exchange rate of the dollar and it got killed yesterday, breaking major technical support which turned technical buyers into sellers. Yesterday’s low on September wheat had not been seen since October 18, 2021. Late August or early September is when the seas

Highlights Black Sea grain market analyst, Andrey Sizov, is beginning to think the seasonal low in wheat prices is behind us. The Tech Guy thinks the $7.52 August 2nd low in September CBOT wheat will hold. Roger says better than a 50% chance it will be broken purely because corn farmers and corn elevators are desperate to get rid of wheat in their bins. The problem this time of year, as always, every corn and/or bean farmer and every grain handler in the Corn Belt are all tr

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, August 16 , 2022: December corn settled on Tuesday at $6.10¼. Price change Tuesday to Tuesday: down $0.03¾. The past week’s high was $6.42¾, the low was $6.07¾. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; R

The Dow Jones Industrial Average settled at 33,761.05, up 957.58 points for the week. Crude oil settled at $91.88, up $3.35 for the week. The dollar index settled at 105.67, down 0.91 for the week. The Baltic Dry Bulk Index settled at 1,477, down 83 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.39¾, up $0.29½ for the week. December futures at $6.42, up $0.32¼ 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, August 9 , 2022: December corn settled on Tuesday at $6.14. Price change Tuesday to Tuesday: up $0.19¾. The past week’s high was $6.24½, the low was $5.87½. Contract high is $7.66¼ made May 16, 2022; Contract low is $3.69 made June 26, 2020; Range

The Dow Jones Industrial Average settled at 32,803.47, down 41.66 points for the week. Crude oil settled at $88.53, down $9.77 for the week. The dollar index settled at 106.58, up 0.75 for the week. The Baltic Dry Bulk Index settled at 1,560, down 335 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.10¼, down $0.06 for the week. December futures at $6.10, down $0.10 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, August 2 , 2022: December corn settled on Tuesday at $5.94¼. Price change Tuesday to Tuesday: down $0.06½. The past week’s high was $6.36½, the low was $5.92½.