BASIC & RECENT MARKET INFO

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn situation after the close Tuesday, June 21th, 2022: December corn settled Tuesday at $7.01½. Price Change Tuesday to Tuesday: down $0.19¾. The past week’s high was $7.49¼, the low was $6.90½. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.64¾ below the 24-month high; $3.32¼ above the 24-month low. USDA’s 2021

The Dow Jones Industrial Average settled at 29,888.78, down 1,504.01 points for the week. Crude oil settled at $110.48, down $9.99 for the week. The dollar index settled at 104.65, up 0.45 for the week. The Baltic Dry Bulk Index settled at 2,578, up 236 points for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.84½, up 11¼ cents for the week and December corn was up 10½ cents to settle at $7.31. Dayton, Ohio Cargill is pa

Highlights Weekly Basis Report will be delayed until Sunday. Yesterday morning the USDA reported the sale of: 144,907 mt of new crop corn to Costa Rica 105,664 mt of old crop to unknown Considering crude oil lost $8 yesterday and some showers were added midday to the Indiana and Central Illinois forecast, corn and beans held in there pretty well. Not so with wheat, but then crude oil has almost nothing to do with wheat. Wheat should have been down more than the 40+ cents it

Summary & recommendations for corn, soybeans and wheat this week.

Highlights Ukraine has established a route through Poland and another route through Romania to export grain. The problem is Ukraine’s rail system operates on a different gauge than Poland’s, so the grain has to be transferred to different trains at the border where there are not many transfer or storage facilities. Grain to Romania involves transport by rail to ports on the Danube River and loading grain onto barges for sailing towards the Black Sea port of Constanta, a comp

Highlights Jon Scheve is a grain market consultant whose weekly comments are posted on our website and, when they are posted, you should be receiving a notice of his post, just like The Tech Guy. Sunday, we talked about how the corn basis indicates corn futures are too cheap. Jon’s post later Sunday included: Last week I mentioned the basis market was indicating a potential futures rally. This week the July corn board did increase, and it also rose faster than September futur

The Dow Jones Industrial Average settled at 31,392.79, down 1,506.91 points for the week. Crude oil settled at $120.47, up 16 cents for the week. The dollar index settled at 104.20, up 2.04 for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.73¼, up 46¼ cents for the week and December corn was up 30½ cents to settle at $7.20½. Dayton, Ohio Cargill is paying $7.85 for corn, 12 over the July futures, which is a 2 cent firme

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn situation after the close Tuesday, June 7th, 2022: December corn settled Tuesday at $7.14. Price Change Tuesday to Tuesday: up $0.02½. The past week’s high was $7.20¼, the low was $6.82. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.52¼ below the 24-month high; $3.45 above the 24-month low. USDA’s 2021 crop

Highlights No sooner did we talk about how great the Corn Belt weather forecast is and the forecast changes to hot and dry. All this means is the weather will become normal because normal weather includes hot and dry spells. This is actually good for the corn crop and good for you. The corn plants will get rooted down for more water the rest of the season and the market will rally on fears of the hot and dry weather extending into July. That combination will increase your cor

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The Dow Jones Industrial Average settled at 32,899.70, up 686.74 points for the week. Crude oil settled at $120.26, up $5.19 for the week. The dollar index settled at 102.16, up 0.52 for the week. Below is corn, soybeans and wheat basis situation this week. Corn July corn settled at $7.27, down 50¼ cents for the week and December corn was down 40 cents to settle at $6.90. Dayton, Ohio Cargill is paying $7.37 for corn, 10 over the July futures, which is a 10 cent firmer basi

Summary & recommendations for corn, soybeans and wheat this week. Corn Corn Situation after the close 31th May 2022: December corn settled Tuesday at $7.11½. Price Change Tuesday to Tuesday: down $0.13¾ The past week’s high was $7.32¾, the low was $7.07. 24-month high $7.66¼ made May 16, 2022; 24-month low $3.69 made June 26, 2020; 24-month range is $3.97¼. Yesterday’s closing price is: $0.54¾ below the 24-month high; $3.42½ above the 24-month low. USDA’s 2021 crop carryout i

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The Dow Jones Industrial Average settled at 32,212.96, up 951.06 points for the week.

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Summary & recommendations for corn, soybeans and wheat this week. Corn Corn Situation after the close 24th May 2022: On May 13, we...

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Highlights Grain exports out of the US through the Great Lakes have reached 176,000 mts since the start of the shipping season in March....

The Dow Jones Industrial Average settled at 31,261, down 934.76 points for the week. Crude oil settled at $112.70, up $2.27 for the week....

Highlights June grain options expire today. China says they have found a gene which will improve wheat’s drought tolerance and nitrogen...