BASIC & RECENT MARKET INFO

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, October 29 , 2024: December corn settled yesterday at $4.13¾, -2¾¢ since last Tuesd

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,114, -1,161.51 points for the week. Crude oil  settled at $71.69, +2.35. Dollar Index  settled at 104.32, +0.86. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,410, -166 for the week. Corn December futures  at $4.15¼, +10½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis =

Highlights & Export Sales November CBOT options expire today.   Weekly export sales were huge. According to Karen Braun, it was the fifth-largest corn sales for any week in at least 20 years, while sales of soybeans were the 2nd largest for any week in over a year. Also, yesterday morning, the USDA announced the sale of: 227,600 mts of old crop corn to Japan 165,000 mts of old crop corn to unknown 198,000 mts of old crop soybeans to unknown

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, October 22 , 2024: December corn settled yesterday at $4.16½, +15¼¢ since last Tues

Tidbits Asia markets opened today with an increasingly bullish global backdrop fueled by continued strength in U.S. stocks, but with local sentiment more circumspect due to the uncertainty surrounding China's deep-rooted economic problems, but China continues to address those problems.   The People's Bank of China is expected to cut its loan prime rates today as Beijing's latest move in a series of monetary, fiscal, and liquidity support measures to shore up the imploding pro

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 43,276, +412.05 points for the week. Crude oil  settled at $69.34, -6.15. Dollar Index  settled at 103.46, +0.54. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,576, -233 for the week. Corn December futures  at $4.04¾, -11¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

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, October 15 , 2024: December corn settled yesterday at $4.01¼, -21¢ since last Tuesd

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,864, +511.11 points for the week. Crude oil  settled at $75.49, +1.04. Dollar Index  settled at 102.92, +0.43. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,809, -119 for the week. Corn December futures  at $4.15¾, -9¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash

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, October 8 , 2024: December corn settled yesterday at $4.22¼, -6¾¢ since last Tuesda

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,353, +39.75 points for the week. Crude oil  settled at $74.45, +5.81. Dollar Index  settled at 102.49, +2.07. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,928, -182 for the week. Corn December futures  at $4.24¾, +6¾¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash

Tidbits The Spec funds and the Index funds were net buyers of corn, soybeans and all three classes of wheat on the Commitment of Traders Report (COT) released Friday afternoon for the reporting week ending last Tuesday.   End of the week profit-taking on long positions had everything weaker Thursday and Friday plus and pre-hedging pressure on the corn and beans. The increased rain in the forecast for Brazil also pressured beans to an extent, but rain does not mean more Brazil

Highlights We continue to hear of yields that are terrible and yields that are the best ever from across the Corn Belt. We really do not have any confidence in saying the USDA should raise or lower national average yields on next Friday’s S&D. We do sense bean yields are more likely to see a yield reduction or a smaller increase than corn.       Rain in the forecast for Brazil and no rain in the forecast for Corn Belt pressured corn and beans yesterday. Wheat prices were thum

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) 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, October 1 , 2024: December corn settled yesterday at $4.29, +17¼¢ since last Tuesday. The past 7 days’

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,313, +249.64 points for the week. Crude oil  settled at $68.64, -2.61. Dollar Index  settled at 100.42, -0.32. Baltic Dry Index  (a shipping freight-cost index)  settled at 2,110, +133 for the week. Corn December futures  at $4.18, +16¼¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

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) 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, September 24 , 2024: December corn settled yesterday at $4.11¾, -¾¢ since last Tuesday. The past 7 day

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 42,063, +669.58 points for the week. Crude oil  settled at $71.25, +2.01. Dollar Index  settled at 100.74, -0.37. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,977, +87 for the week. Corn December futures  at $4.01¾, -11½¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

Highlights The market action this week will be dominated by the looming:  Dock workers’ strike on the US East and Gulf Coasts where 5 of the 10 busiest ports in North America are located. US government shutdown 1 Oct due to a lack of funding being approved by Congress and the President.   The expectation of either happening will be negative for grains, but much worse for the stock markets. Those of you with a stock portfolio (which includes a 401K or IRA) should seriously con

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) 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, September 17 , 2024: December corn settled yesterday at $4.12½, +8¼¢ since last Tuesday. The past 7 da

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat. Dow Jones  Industrial Average Index settled at 41,394, +1,048.37 points for the week. Crude oil  settled at $69.24, +1.08. Dollar Index  settled at 101.11, -0.08. Baltic Dry Index  (a shipping freight-cost index)  settled at 1,890, -51 for the week. Corn December futures  at $4.13¼, +7¢ for the week. Basis   (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cas

Highlights The supply of US refinery products in the US Gulf Coast, especially the 3 million barrel per day Louisiana refining capacity, has been largely unaffected by Hurricane Francine, with Shell’s Norco and Citgo’s Lake Charles refinery reporting no damage and returning to normal operations.   A large amount of Libyan production remains shut-down after UN-brokered talks have collapsed; production is now 1.5 million barrels per day.   The following chart is the inventory o