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Wright team
Oct 19, 20244 min read
Tidbits, DP, Drought, Export Sales 10/19/24
Highlights Yesterday morning, the USDA announced the sale of: 21,000 mts of old crop soybean oil to Mexico 125,000 mts of old crop corn...
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Wright team
Oct 11, 20244 min read
Tidbits, US Economy, Crop Estimates, Food Security, Export Sales 10/11/24
Highlights The USDA will release at 11 AM Central Time today its monthly S&D. Note below every average estimate is less than the...
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Wright team
Oct 4, 20244 min read
Tidbits, Food Self-Sufficiency, Russian Wheat, Strike Ended, Export Sales 10/4/24
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...
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Wright team
Sep 27, 20244 min read
Tidbits, Crude Oil, Stocks Reports, Export Sales 9/27/24
Highlights This is Friday before a harvest weekend. Look at the weather across the Corn Belt and decide if pre-hedging pressure is a...
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Wright team
Sep 20, 20245 min read
Tidbits, Pre-Hedging, IGC’s Outlook, Precipitation, Export Sales 9/20/24
Highlights The International Grains Council (IGC) predicts record large global grain production and record large global consumption for...
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Wright team
Sep 13, 20245 min read
Tidbits, Carryover, S&D Report, Export Sales 9/13/24
Carryover and S&D The three most important factors in governing the future price direction of a given commodity are carryover, carryover,...
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Wright team
Sep 7, 20245 min read
Tidbits, Lock-in Fuel Prices, Crude Oil, Export Sales 9/7/24
Highlights All the weakness in crude oil prices is based upon the gloom and doom predictions for the worlds’ economy, most especially...
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Wright team
Aug 30, 20245 min read
Tidbits, GDP, Stocks, September Deliveries, Export Sales 8/30/24
Highlights Most markets except financials will be closed on Monday, September 2, due to the Labor Day holiday. Trade will resume Monday...
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Wright team
Aug 23, 20245 min read
Tidbits, ProFarmer IA & MN, Brazil, Wheat Crops, Housing, Export Sales 8/23/24
Highlights ProFarmer Tour results and comments by Reuters’ Karen Braun: Minnesota corn yield at 164.9 bu/acre, the tour's lowest since...
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Wright team
Aug 16, 20244 min read
Tidbits, NOPA Crush, Ports, Crop Estimates, Weather, Export Sales 8/16/24
Highlights NOPA members crushed 182.881 million bushels of soybean in July, which was 442,400 bushels more than the market expected. That...
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Wright team
Aug 9, 20245 min read
Tidbits, Basis Decision, EU Wheat, Export Sales 8/9/24
Tidbits Strategies Grain lowered their EU soft wheat production estimate by 5.8 million to 116.5 million tons, 8.4% lower from 2023. Â ...
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Wright team
Aug 2, 20244 min read
Tidbits, Fuel Pricing, Marketing Prior S&D, Yield Estimates & Harvest, Export Sales 8/2/24
Highlights StoneX predicts the US corn will yield 182.3 (USDA 181) and beans 52.6 (USDA 52). The US soybean crush in June was 183.7...
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Wright team
Jul 26, 20243 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...
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Wright team
Jul 19, 20243 min read
Tidbits, Q&A: Corn Prices, Weather Outlook, Beans Demand, Export Sales 7/19/24
Highlights Yesterday morning, the USDA announced the sale of 510,000 mts of new crop soybeans and 150,000 mts of new crop soybean cake...
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Wright team
Jul 12, 20244 min read
Tidbits, US Inflation, CONAB Estimates, Russian Fertilizers, Export Sales 7/12/24
Highlights The USDA will issue its July S&D at 11 AM Central time today. Yesterday morning, the government reported that inflation during...
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Wright team
Jul 5, 20244 min read
Tidbits, Weather, Palm Oil, Export Sales 7/6/24
Highlights August board crush margin jumped 15½¢ yesterday; that is 15½¢ more profit per bushel of beans crushed. July corn settled ¾ of...
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Wright team
Jun 28, 20243 min read
Tidbits, July Deliveries, Weather, Export Sales 6/28/24
Highlights At 11 AM Central Time today, the USDA will release its Actual Planted Acres, Quarterly Grain Inventory as of June 1st, and US...
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Wright team
Jun 22, 20244 min read
Tidbits, Rainfall, Green Energy, Export Sales 6/22/24
Highlights The BN and UP railroads are holding-up rail traffic at the US/Mexico border, which may have stopped all corn by rail to Mexico...
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Wright team
Jun 14, 20244 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.),...
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Wright team
Jun 7, 20245 min read
Tidbits, Q&A: Market Reactions, Breakeven, Export Sales 6/7/24
Tidbits Diesel price fell for 8 straight weeks and has declined 33.5 cents per gallon since April 8. For the week ending June 3, the U.S....
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