BASIC & RECENT MARKET INFO

Highlights We have reported many times the past year that the world has consumed more wheat than it produced the past four years. Not so anymore. The USDA changed the S&D situation for the 2022-23 marketing year to 789.89 million mts of production and 789.58 million mts of consumption. This marketing year wheat production is projected to be 793.79 million mts and consumption 803.72 million mts. So, this year will be the third consecutive year of reduced carryover and fourth o

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, February 11 , 2025: March corn settled yesterday at $4.84, -10½¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 44,303, -241.26 points for the week. Crude oil  settled at $71.06, -2.75. Dollar Index  settled at 108.1, -0.40. Baltic Dry Index  (a shipping freight-cost index)  settled at 815, +80 for the week. Corn March futures  at $4.87½, +5½¢ for the week. December futures at $4.66, +5¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March

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, February 4 , 2025: March corn settled yesterday at $4.94½, +9¼¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 44,545, +120.41 points for the week. Crude oil  settled at $73.81, -0.79. Dollar Index  settled at 108.5, +1.03. Baltic Dry Index  (a shipping freight-cost index)  settled at 735, -43 for the week. Corn March futures  at $4.82, -4½¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

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, January 28 , 2025: March corn settled yesterday at $4.85¼, -4¾¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 44,424, +945.42 points for the week. Crude oil  settled at $74.6, -3.44. Dollar Index  settled at 107.47, -1.94. Baltic Dry Index  (a shipping freight-cost index)  settled at 778, -209 for the week. Corn March futures  at $4.86½, +2¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price

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, January 21 , 2025: March corn settled yesterday at $4.90, +15½¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,479, +1,540.38 points for the week. Crude oil  settled at $78.04, -0.78. Dollar Index  settled at 109.41, -0.55. Baltic Dry Index  (a shipping freight-cost index)  settled at 987, -106 for the week. Corn March futures  at $4.84¼, +7¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pr

Highlights The weather forecasters have come to the consensus there will be significant rainfall in the dry areas of South America starting this weekend. That is what last Monday’s ENSO update indicated with the rising water temperature and our rain day charts have been increasing the number of days with rain in the ten day forecast all week.   Uruguay borders Argentina to its west and southwest, Brazil to its north and northeast while bordering the Río de la Plata to the sou

Highlights NOPA crush  in December was 206.604 million bushels, up 7% from November and up 6% from a year ago. This is the largest monthly NOPA crush ever recorded. New crush records have been set in the past four months and 10 of the past 12 months. The range of expectations were 202.0 and 209.5 million bushels, with the average of 205.5. Soy oil stocks were 1.236 billion pounds, up from 1.084 billion last month, but 17 million pounds less than expected. Soy oil inventory is

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, January 14 , 2025: March corn settled yesterday at $4.74½, +16½¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,938, -768.11 points for the week. Crude oil  settled at $78.82, +5.36. Dollar Index  settled at 109.96, +1.78. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,093, +50 for the week. Corn March futures  at $4.76½, +25¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pr

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, January 7 , 2025: March corn settled yesterday at $4.58, -½¢ 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 42,707, +132.83 points for the week. Crude oil  settled at $73.46, +1.87. Dollar Index  settled at 108.18, +0.20. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,043, +46 for the week. Corn March futures  at $4.50¾, -3¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash pri

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, December 31 , 2024: March corn settled yesterday at $4.58½, +10¢ since last Tuesday.

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,574, -266.53 points for the week. Crude oil  settled at $71.59, +2.01. Dollar Index  settled at 107.98, +0.17. Baltic Dry Index  (a shipping freight-cost index)  settled at 997, +7 for the week. Corn March futures  at $4.54, +7¾¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

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, December 24 , 2024: March corn settled yesterday at $4.48½, +5¢ since last Tuesday.

Tidbits Reuters Karen Braun reported Monday’s U.S. wheat inspections  for export were a 12-week high at 404,000 mts. Wheat inspections since June 1, the beginning of the wheat marketing year, are up 27.2% on the year. The bulk of last week's export inspections occurred in the PNW ports were for Asia-bound cargoes, but none to China.   Reuters also reported Russia’s Exporters  and Producers Union sees total grain exports at 45 million mts, with 40 million of it being wheat. So

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,840, -987.80 points for the week. Crude oil  settled at $69.58, -1.51. Dollar Index  settled at 107.81, +0.87. Baltic Dry Index  (a shipping freight-cost index)  settled at 990, -61 for the week. Corn March futures  at $4.46¼, +4¼¢ for the week. Basis   (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price