BASIC & RECENT MARKET INFO

Tidbits Today is the day to liquidate all May long futures positions and basis contracts to avoid any chance of delivery on May futures.  Both classes of winter wheat made new contract lows in the new crop contracts yesterday. New crop spring wheat traded within 5¢ of its contract low and settled 8¢ above the 28 March low.  Wheat used to trade inversely of the dollar index, but not this spring. The dollar index is down 11% from its 13 January high and just 1% above its low ma

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 40,114, +971 points for the week. Crude oil  settled at $63.17, -1.28. Dollar Index  settled at 99.59, +0.36. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,373, +112 for the week. Corn May futures  at $4.78¾, -3½¢ for the week. December futures at $4.55¾, -10¼¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May fut

Tidbits StoneX’s fertilizer guy, Josh Linville, reports NOLA urea values have hit $450 for the first time since the end of 2022. For reference, 2022 ended with December corn prices at $6.00.   South Korean flour mills bought 50,000 mts of milling wheat  from the U.S.   Jordan has issued a tender to buy up to 120,000 mts of milling wheat. The S&P Global Composite (services and manufacturing) Purchasing Managers Index ( PMI ) for the U.S. was reported at 51.2, down from last mo

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 , fertilizers 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 order

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 39,142, -1,070 points for the week. Crude oil  settled at $64.45, +2.97. Dollar Index  settled at 99.23, -0.55. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,261, -13 for the week. Corn May futures  at $4.82¼, -8¢ for the week. December futures at $4.66, +2½¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May futur

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 , fertilizers 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. Corn Corn  situation after the close Tuesday, April 1

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 40,213, +1,898 points for the week. Crude oil  settled at $61.48, -0.84. Dollar Index  settled at 99.78, -3.11. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,274, -215 for the week. Corn May futures  at $4.90¼, +30¢ for the week. December futures at $4.63½, +16¾¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May f

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 , fertilizers 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. Corn Corn  situation after the close Tuesday, April 8

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 38,315, -3,269 points for the week. Crude oil  settled at $62.32, -6.72. Dollar Index  settled at 102.89, -1.12. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,489, -113 for the week. Corn May futures  at $4.60¼, +7¢ for the week. December futures at $4.46¾, +4¼¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May fu

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 , fertilizers 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. Corn Corn  situation after the close Tuesday, April 1

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,584, -401.45 points for the week. Crude oil  settled at $69.04, +0.75. Dollar Index  settled at 104.01, -0.14. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,602, -41 for the week. Corn May futures  at $4.53¼, -11¢ for the week. December futures at $4.42½, -8½¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May f

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 , fertilizers 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. Corn Corn  situation after the close Tuesday, March

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,985, +497.16points for the week. Crude oil  settled at $68.29, +1.10. Dollar Index  settled at 104.15, +0.41. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,643, -26 for the week. Corn May futures  at $4.64¼, +5¾¢ for the week. December futures at $4.51, steady for the week. Basis   (K = May; e.g. 10K means 10¢ over May f

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 , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, March 18 , 2025: May corn settled yesterday at $4.58¾, -11½¢ since last Tuesday. Tue

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,488, -1,313.53 points for the week. Crude oil  settled at $67.19, +0.14. Dollar Index  settled at 103.74, -0.17. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,669, +269 for the week. Corn May futures  at $4.58½, -10¾¢ for the week. December futures at $4.51, -3¼¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over Ma

Highlights Corn deliveries on March futures have been zero since 7 March, so a search for a reason for yesterday’s 14¢ loss on May corn by late morning found no fundamental reason other than the price of eggs had fallen from $8.17 earlier this month to $5.51 yesterday according to the USDA, which reported the egg inventory increased 5.2% the past week. A bit later, we learned ethanol production was down 31,000 barrels per day from last week, but still above 1.06 million barre

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 , fertilizers for past week Wednesday to Tuesday. Explanation of our approach: https://www.wrightonthemarket.com/post/how-to-decide-when-to-price-grain Corn Corn  situation after the close Tuesday, March 11 , 2025: May corn settled yesterday at $4.70¼, +18¾¢ since last Tuesday. Tue

Highlights The USDA could have and should have increased corn exports and ethanol use on yesterday’s S&D, but it did not, as we predicted. If you noted our summary chart of weekly exports inspections we send you every Tuesday, yesterday’s chart showed you the USDA projects corn exports this marketing year to be 6.9% more than a year ago, but with half the marketing year still ahead of us, corn exports are running 38% ahead of year ago. We know corn exports will slow down in t

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,802, -1,039.19 points for the week. Crude oil  settled at $67.05, -2.90. Dollar Index  settled at 103.91, -3.65. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,400, +171 for the week. Corn May futures  at $4.69¼, -¼¢ for the week. December futures at $4.54¼, -¾¢ for the week. Basis   (K = May; e.g. 10K means 10¢ over May

Highlights Early yesterday afternoon, President Trump said, "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA Agreement until April 2nd.   Mexico’s President Sheinbaum said, "We had an excellent and respectful call in which we agreed that our work and collaboration have yielded unprecedented results, within the framework of respect for our sovereignties."   Sheinbaum