BASIC & RECENT MARKET INFO

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 45,632, +686 points for the week. Crude oil  settled at $63.77, +0.63. Dollar Index  settled at 97.73, -0.11. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,944, -100. Corn September futures  settled at $3.88¼, +4½¢ for the week. December futures settled at $4.11½, +6¼¢ for the week. Basis   (U = September; e.g. 10

Tidbits Pro Farmer published Crop Tour results. We will analyze the tour results tomorrow. Economy:  On Thursday, S&P Global reported the U.S. August S&P manufacturing Purchasing Managers Index (PMI) unexpectedly rose 4.5 points to a three-year high of 53.3, better than expectations of a decline to 49.7.  Also, the Eurozone August S&P manufacturing PMI unexpectedly rose 0.7 to a 3-year high of 50.5, stronger than expectations of a decline to 49.5.   Federal Reserve Chairman J

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 44,946, +771 points for the week. Crude oil  settled at $63.14, -0.21. Dollar Index  settled at 97.84, -0.43. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,044, -7. Corn September futures  settled at $3.83¾, +1¢ for the week. December futures settled at $4.05¼, -¼¢ for the week. Basis   (U = September; e.g. 10N me

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

S&D Report Comment The biggest surprise on yesterday’s USDA S&D was the 2.1 million increase in corn planted acres and the decrease of 2.5 million acres of soybeans. The adjustment was made primarily as a result of the FSA certified acreage totals being available. This is the third consecutive year the FSA had the certified acreage paperwork completed before the August S&D. Always before, the certified acreage numbers were not available until September.   There is probably no

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 44,176, +587 points for the week. Crude oil  settled at $63.35, -3.91. Dollar Index  settled at 98.27, -0.42. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,051, +33. Corn September futures  settled at $3.82¾, -6¾¢ for the week. December futures settled at $4.05½, -5¼¢ for the week. Basis   (U = September; e.g. 10N

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 43,589, -1,313 points for the week. Crude oil  settled at $67.26, +2.19. Dollar Index  settled at 98.69, +1.02. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,018, -239. Corn September futures  settled at $3.89½, -10¢ for the week. December futures settled at $4.10¾, -8¼¢ for the week. Basis   (U = September; e.g.

Tidbits Yesterday morning, the USDA reported the sale  of 125,000 mts of new crop corn to unknown and 227,160 mts of new crop corn to a “different” unknown.   The futures financials priced-in a 75% probability the Federal Reserve will reduce interest rate  25 basis points (0.25%) in September, up from 45% before yesterday’s jobs data, which showed nonfarm payrolls rose by 77,000 in July, well below market expectations of 110,000. Worse yet, 258,000 job gains were removed from

Tidbits The whole world is waiting for news about the tariffs that President Donald Trump is expected to announce today. President Trump granted Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal, after a call with Mexican President Sheinbaum, avoiding a 30% duty on most Mexican non-automotive and non-metal goods under USMCA. Yesterday morning, the USDA reported the sale of: 100,000 mts of new crop corn to Colombia 140,000 mts of new crop corn to S

Tidbits The U.S. GDP  for the second quarter at 3%, market expected just 2.3%. As expected, the Federal Reserve left interest rates unchanged. For the first time since 1993, two Federal Reserve officials dissented from the majority decision out of total 11 votes, advocating for a rate cut. Fed Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman, both Trump appointees, broke with the majority. The Bank of Canada held its benchmark interest rate unchanged

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the sales size or

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 44,902, +560 points for the week. Crude oil  settled at $65.07, -2.23. Dollar Index  settled at 97.67, -0.79. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,257, +205. Corn September futures  settled at $3.99½, -9¢ for the week. December futures settled at $4.19, -8¾¢ for the week. Basis   (U = September; e.g. 10N

Tidbits EPA Director Lee Zeldin announced yesterday that gasoline cans  have been deregulated, issuing letters to manufacturers encouraging them to add vents to gas cans to ensure safe and effective refueling. Old fashioned cans with a vent and a simple threaded lid must now be legal! In 2007, EPA finalized a rule requiring manufacturers to reduce evaporative emissions by sealing in gasoline vapors, which allowed vents as long as they close automatically when not in use. Due

Tidbits The lowest September corn  closing prices this year were: $3.98 on 8 July $3.96 on 11 July $3.98½ on 23 July (yesterday)   After closing higher 4 out of 5 days, September corn has closed lower 3 consecutive days: 4¾¢, then 4½ ¢, then ¾¢ yesterday, a total of 10¢ in 3 days. The technical tool, Average Directional Index  (ADX), measures the strength of the trend, not its direction. A rising ADX suggests a strong trend, while a falling ADX indicates a weakening trend or

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report here . We discussed 2025 corn and soybeans marketing plan  on March 23. Refer to our daily mailing on that day or this post  on the website. We provide three different marketing plans (in ord

Tidbits August CBOT options expire  Friday.   Historical data suggests that poor corn pollination due to heat or drought could result in yield losses ranging from 1.5 bushels per acre per day of extreme heat (95+°F) during pollination which is approximately 0.8-1% per day based on a 182 bushels/acre trend yield. President Trump on Tuesday said the U.S. and Japan  have struck a deal that will lower the hefty tariffs he had threatened to impose on goods from Japan while extract

Tidbits Those of you who must deliver corn and beans this fall , if you have not already assessed production in your area versus normal production compared to the fall delivery basis being offered now, get with it. Normally, fall delivery basis needs to be set very late July or the first week of August. The S&P 500 and Nasdaq stock indexes  closed at record highs  yesterday, as optimism over strong corporate earnings outweighed ongoing trade tensions. It is very discouraging

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled on Friday at 44,342, -30 points for the week. Crude oil  settled at $67.3, -1.45. Dollar Index  settled at 98.46, +0.59. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,052, +389. Corn September futures  settled at $4.08½, +12½¢ for the week. December futures settled at $4.27¾, +15½¢ for the week. Basis   (U = September; e.g. 10