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Wright Team
Sep 12, 20235 min read
Tidbits, Weather, ENSO, Export Inspections, Markets & Rain Days Update 9/12/23
Market Comment The USDA will issue its September S&D today at 11:00 AM Central. This report will either make the low for the year on corn...
Wright Team
Sep 6, 20234 min read
Tidbits, Crop Estimates, ENSO, Export Inspections, Markets & Rain Days Update 9/6/23
Highlights Initial harvest reports are pointing toward smaller crops than USDA projected for soybeans and corn. Consensus is that...
Wright Team
Aug 29, 20234 min read
Tidbits, China, ENSO, Export Inspections, Markets & Rain Days Update 8/29/23
Labor Day is Monday. Markets will reopen Monday evening normal time. Carry is the return to storage. When the market sees plenty of...
Wright Team
Aug 23, 20234 min read
Tidbits, Pro Tour IN & NE, ENSO, Markets & Rain Days Update 8/23/23
Highlights Yesterday’s Pro Farmer reports for Nebraska and Indiana: These much better than expected Pro Farmer yields will make it very...
Wright Team
Aug 17, 20233 min read
Tidbits, Corn Marketing, Ammonia, ENSO, Broilers & Ethanol, Markets & Rain Days Update 8/16/23
Highlights Last half of August is going to be hot and dry for most of the Corn Belt. Suddenly, soybeans and soybean oil are leading CBOT...
Wright Team
Aug 8, 20234 min read
Tidbits, Basis Decision, Corn Outlook, ENSO, Export Inspections, Markets & Rain Days Update 8/8/23
Basis Decision The cash price paid to farmers is a function of futures and basis. You need to separate the day you price them because the...
Wright Team
Aug 1, 20235 min read
Tidbits, Energy, ENSO, Export Inspections, Markets & Rain Days Update 8/1/23
A July weekend of weather forecasts predicting two weeks of moderate temperatures and above normal rainfall for the Corn Belt will always...
Wright Team
Jul 25, 20233 min read
Tidbits, Wheat Pricing, ENSO, Export Inspections, Markets & Rain Days Update 7/25/23
Levi near Mason City, Iowa sent this yesterday: "Silks and tassels are out, but corn is rolling with the furnace getting turned up this...
Wright Team
Jul 19, 20234 min read
Tidbits, Grain Corridor, Nitrogen Fertilizer Pricing, ENSO, Markets & Rain Days Update 7/19/23
Nitrogen Fertilizer: Get it Priced Roger has been recommending not to forward price fertilizer, including nitrogen, for more than a year....
Wright Team
Jul 16, 20234 min read
Tidbits, Weather, ENSO, Rain Days Update 7/16/23
Highlights Tonight’s opening prices will probably be primarily influenced by news about the Ukraine Corridor Deal which expires at...
Wright Team
Jul 6, 20235 min read
Tidbits, Safrinha Corn, Yields, ENSO, Markets & Rain Days Update 7/6/23
Q&A: Safrinha Corn Roger, a few days back you mentioned corn demand was likely to improve at the current price levels. How would this...
Wright Team
Jun 27, 20233 min read
Tidbits, ENSO, Export Inspections, Markets & Rain Days Update 6/27/23
Highlights The nation’s corn crop is rated 50% and the bean crop is rated 51% good or excellent are at their second lowest point for this...
Wright Team
Jun 23, 20235 min read
Tidbits, Pricing Corn, Drought Chart, ENSO, Broilers & Ethanol, Markets & Rain Days Update 6/23/23
Highlights July CBOT options expire today. The day before and the day options expire are usually down days for CBOT futures. President...
Wright Team
Jun 14, 20233 min read
Tidbits, ENSO, Q&A: Pricing 2024, Markets & Rain Days Update 6/14/23
Highlights Suddenly yesterday morning, the market became very concerned about a lack of rain on Canada’s canola crop and Europe’s...
Wright Team
Jun 6, 20233 min read
Tidbits, Crop Report, ENSO, Export Inspections, Markets & Rain Days Update 6/6/23
Highlights The Weekly Crop Condition Report was a shocker to the market. The market expected the nation’s corn crop to be 67% good or...
Wright Team
Jun 1, 20233 min read
Tidbits, ENSO, Markets & Rain Days Update 6/1/23
Highlights China is still a big buyer of Brazilian soybeans despite their “poor” economic data. Cash bean traders in Brazil say China...
Wright Team
May 23, 20233 min read
Tidbits, ENSO, Export Inspections, Markets & Rain Days Update 5/23/23
Highlights Dr. Michael Cordonnier reported yesterday: "Dryer weather has encompassed most if not all the safrinha corn area of central...
Wright Team
May 17, 20234 min read
Tidbits, Economy, Teucrium, ENSO, Markets & Rain Days Update 5/17/23
Highlights The fast planting progress for corn and beans with a favorable weather forecast kicked those two markets lower Monday evening....
Wright Team
May 9, 20233 min read
Tidbits, ENSO, Export Inspections, Markets & Rain Days Update 5/9/23
Highlights The crop progress report was supportive for wheat, but corn and bean planting progress was 1% more planted than the market...
Wright Team
May 3, 20235 min read
Tidbits, Economy, Expected Rally, Grain Corridor, ENSO, Markets & Rain Days Update 5/3/23
Highlights We mentioned yesterday China’s disappointing April Purchasing Managers’ Index (PMI) was released on Monday before the sun set...
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