Tidbits, Wheat Hedge, ProFarmer IL & IA, Jobs Cut, ENSO, Broilers & Ethanol 8/22/24
Highlights ProFarmer Tour 2024 results for Illinois were up 5.4% year-on-year, topping the old tour high of 196.96 from 2014. USDA sees...
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Wright team
Aug 215 min read
Tidbits, Pro Farmer Tour, U.S. Economy, Basis in Brazil 8/21/24
Highlights Pro Farmer Nebraska corn yield is up from last year but below 2021's 182.35 record yield. Pod counts for soybeans are a 3 year...
Wright team
Aug 175 min read
Tidbits, Q&A: Corn Trade Deal, China's Economy 8/17/24
Highlights After gaining more than $3 on Monday, then losing $2.62 the next two days before gaining $1.15 on Thursday, crude oil prices...
Wright team
Aug 55 min read
Controlled Demolition of the World’s Food Production System 8/5/24
Question from a client, received 8:01 PM Thursday 1 August 2024: "Hey Roger, We just got a quick localized, well-needed 1 inch of rain so...
Wright team
Aug 34 min read
Tidbits, Capturing the Carry, US Economy, Urea Market 8/3/24
Highlights On Wednesday, a giddy euphoria about the US economy prevailed on the “certain” prospects for lower interest rates in...
Wright team
Aug 13 min read
Tidbits, HAMAS, Corn Crops & Low, Broilers & Ethanol 8/1/24
Highlights The Federal Reserve Chairman, Jerome Powell, said the Fed may be ready to reduce interest in September as recent data added to...
Wright team
Jul 274 min read
Tidbits, PCE Index, Wheat, Crude Oil 7/27/24
Highlights The Commerce Department reported yesterday morning the personal consumption expenditures (PCE) price index, the Federal...
Wright team
Jul 263 min read
Tidbits, GDP & Inflation, Russian Grain, China Manipulations, Export Sales 7/26/24
Highlights August options expire tomorrow, Friday, July 26. First notice day for August futures is July 31. Yesterday morning, the US...
Wright team
Jul 255 min read
Tidbits, Drones, PMI, Cotton Competition, Broilers & Ethanol 7/25/24
Tidbits The S&P 500 and NASDAQ Indexes were down on Wednesday and had its worst day since late 2022 due to a selloff in high-flying...
Wright team
Jul 224 min read
Tidbits, S&P Futures, Artillery Shells, Market Commentary - Grain Prices 7/22/24
S&P Futures We have often mentioned that selling cash corn, beans, or wheat and replacing it with a futures or options position of that...
Wright team
Jul 134 min read
Tidbits, USDA July S&D, PPI 7/13/24
Highlights The USDA lowered old corn carryout 120 million bushels below the lowest estimate by increasing feed use and exports both by 75...
Wright team
Jul 104 min read
Tidbits, Q&A: Corn Contract, Labor Market, Palm Oil 7/10/24
Highlights Dr. Cordonnier left his yield and production estimates unchanged for US corn and beans. French Ag ministry first production...
Wright team
Jul 14 min read
Tidbits, PMI, Crude Oil 7/1/24
Highlights Eduardo Vanin reported Sunday grain export traders in Brazil are planning to extend the soybean export program through July,...
Wright team
Jun 304 min read
Tidbits, Friday’s Carnage Analysis, Water & Oxygen 6/30/24
Analysis of Friday’s Carnage Benson Quinn Commodities said the biggest surprise on Friday was USDA apparently delaying release with no...
Wright team
Jun 294 min read
Tidbits, USDA Report, PCE Index 6/29/24
Highlights The USDA reports were to be released at 11 AM Central Time yesterday. That was when corn started going down and beans began...
Wright team
Jun 144 min read
Tidbits, PPI, Paraguay, Port of Baltimore, Peace Summit, Export Sales 6/14/24
Highlights Yesterday morning, CONAB reduced their Brazilian soybean crop estimate 330,000 mts to 147.35 mil. (USDA at 153, down 1 mil.),...
Wright team
Jun 105 min read
Tidbits, Wheat, Tax Credits, USDA S&D Estimates 6/10/24
Highlights If you have soft red winter wheat to deliver this summer, you need to set the basis about three weeks before harvest starts in...
Wright team
Jun 34 min read
Tidbits, OPEC, PMI, Q&A: Shorting Wheat 6/3/24
Highlights Yesterday, OPEC+ extended its “voluntary” production cuts through 2025 with the exception of the UAE. Thus, the UAE will...
Wright team
May 313 min read
Tidbits, Economy, Russian Wheat, Broilers & Ethanol 5/31/24
Highlights The USA GDP for the first quarter was reported at 1.3% versus 1.2% estimate. Jobless claims were 219,000 to 218,000 expected...
Wright team
May 243 min read
Tidbits, PMI & Economy, Brazil’s Harvest, Export Sales 5/24/24
Highlights We had good news about the US economy yesterday morning. S&P Global (an independent agency) reported yesterday morning that...
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