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Wright team
Sep 10, 20245 min read
Tidbits, Chinese Economy, Crop Conditions, ENSO, Export Inspections 9/10/24
Highlights A developing tropical storm that is expected to track through the Gulf of Mexico and hit parts of Texas and Louisiana by...
Wright team
Sep 4, 20244 min read
Tidbits, Wheat Marketing, July Crush, Crop Conditions, ENSO, Export Inspections 9/4/24
Highlights The USDA reported the crush numbers for July: Soybean crush in July was 193 million bushels, 8 million bushels more (4.3%)...
Wright team
Aug 27, 20244 min read
Tidbits, Crude Oil, Crop Conditions, ENSO, Export Inspections 8/27/24
Highlights There was no agreement on Sunday in the Gaza ceasefire talks that took place in Egypt . Neither Hamas nor Israel agreed to...
Wright team
Aug 22, 20245 min read
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...
Wright team
Aug 13, 20243 min read
Tidbits, USDA S&D Report, Crop Conditions, ENSO, Export Inspections 8/13/24
Highlights USDA's August S&D report summary: Corn harvested acres down 700,000 to 82.7 million. Corn yield up 2.1 bushels per acre to...
Wright team
Aug 6, 20244 min read
Tidbits, Stock Market Decline, Crop Conditions, ENSO, Export Inspections 8/6/24
Highlights Japan's stock market suffered its second largest stock market decline ever on Monday, world markets followed. Not that it was...
Wright team
Jul 30, 20244 min read
Tidbits, Corn Highs & Lows, Crop Conditions, ENSO, Export Inspections 7/30/24
Highlights Crop Condition as of Sunday evening: Winter wheat is 82% harvested, 2% more than the 5 year average pace. Spring wheat is 1%...
Wright team
Jul 17, 20244 min read
Tidbits, Basis Contract Roll, Crude Oil, Brazil Corn, ENSO 7/17/24
Highlights All three wheat classes were lower yesterday, but the price free-fall was stopped by Egypt and Algeria submitted tenders to...
Wright team
Jul 9, 20243 min read
Tidbits, Weather, Crop Conditions, ENSO, Export Inspections 7/9/24
Highlights The first sentence of yesterday’s report was: "Sunday’s weather forecast indicates remnants of Hurricane Beryl will probably...
Wright team
Jul 3, 20243 min read
Tidbits, Drought Monitor, ENSO, Broilers & Ethanol 7/4/24
The CBOT will start trading at 8:30 AM Central Time Friday. Highlights Soybean oil leaped higher yesterday, with August up 1.6¢ per...
Wright team
Jun 25, 20244 min read
Tidbits, Crop Conditions, ENSO, Export Inspections 6/25/24
Highlights "North Carolina will more than likely be labeled as a State of Emergency next week or the following in regards to drought....
Wright team
Jun 18, 20244 min read
Tidbits, Crop Conditions, ENSO, Export Inspections 6/18/24
Highlights Agrinvest Commodities’ Eduardo Vanin yesterday morning comments: "Basis FOB Brazil and CFR China dropped quickly last week....
Wright team
Jun 15, 20244 min read
Tidbits, ENSO, Petrodollars, China's Corn 6/15/24
Highlights The US dollar rallied sharply yesterday midday trade at its highest level since May 1st. With the exception of North Dakota,...
Wright team
Jun 11, 20244 min read
Tidbits, Planting Progress, ENSO, Export Inspections 6/11/24
Highlights The US corn crop is 95% planted vs. 91% last week. Corn is 85% emerged vs. 84% average. It is rated 74% good or excellent, 1%...
Wright team
Jun 4, 20244 min read
Tidbits, Planting Progress, Spain, Rice, ENSO, Export Inspections 6/4/24
Highlights Crude oil prices dropped $2+ yesterday when Israeli Prime Minister Benjamin Netanyahu said that he is ready to suspend...
Wright team
May 29, 20244 min read
Tidbits, Trade Embargo, Planting Progress, Wheat, ENSO, Export Inspections 5/29/24
Highlights Deputy Assistant to President Biden for National Security Affairs, Dalip Singh, said the United States may introduce a trade...
Wright team
May 21, 20243 min read
Tidbits, Planting Progress, ENSO, Export Inspections 5/21/24
Highlights From a seasonal point of view, this rally in wheat may be the last one to test recent highs or make new highs as the seasonal...
Wright team
May 14, 20244 min read
Tidbits, Wheat Pricing, Planting Progress, EV Tariffs, ENSO, Export Inspections 5/14/24
Highlights Planting progress: The Nation’s corn crop is 49% planted; the 5-year average is 54%. Soybeans are 35% planted; the 5-year...
Wright team
May 7, 20244 min read
Tidbits, HTA Fees, Planting Progress, ENSO, Economy, Export Inspections 5/7/24
Fees As prices have firmed since February 26th, many of our clients have had conversations with merchandisers about marketing tools. From...
Wright team
Apr 30, 20243 min read
Tidbits, USDA & CONAB, Planting Progress, ENSO, Export Inspections 4/30/24
Highlights Some rain came into the forecast for Russia’s wheat crop which triggered profit-taking after the big gains last week. Expected...
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