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Wright team
Jan 6, 20242 min read
Tidbits, Export Sales, Markets & Rain Days Update 1/6/24
CHS summarized some of the world’s problems: "There is an abundance of drama around the globe to keep every market stressed and off...
Wright team
Dec 30, 20234 min read
Tidbits, Wheat & Rice, Export Sales, Markets & Rain Days Update 12/30/23
Highlights Reuters News reported that Russia unleashed its biggest air attack of the war on Ukraine on Friday, cities and infrastructure...
Wright team
Dec 22, 20234 min read
Tidbits, US-Mexico Crossings, Edu: HTA & Roll, Export Sales, Markets & Rain Days Update 12/22/23
Highlights Mexico is the leading export destination for US corn, receiving from 21% to 32% of US corn exported annually in recent years....
Wright team
Dec 15, 20235 min read
Tidbits, Q&A: Corn Market, Export Sales, Markets & Rain Days Update 12/15/23
Highlights Yesterday morning, military correspondents reported the Russian Armed Forces are carrying out massive strikes on targets in...
Wright team
Dec 8, 20233 min read
Tidbits, China, Export Sales, Markets & Rain Days Update 12/8/23
Upcoming S&D The USDA will issue its December S&D today at 10 AM Mountain Time. There will be no adjustment to US production (SOP for Dec...
Wright team
Dec 1, 20234 min read
Tidbits, OPEC, Soybean Meal, Export Sales, Markets & Rain Days Update 12/1/23
Highlights OPEC agreed to reduce oil production at its meeting in Vienna yesterday. The crude market rallied sharply immediately after...
Wright team
Nov 25, 20235 min read
Tidbits, Soybeans Q&A, Export Sales, Markets & Rain Days Update 11/25/23
Soybeans Q&A From a client in Central Missouri: "Good afternoon, Roger, What are your thoughts on why the bean market sold off this past...
Wright team
Nov 17, 20234 min read
Tidbits, Wheat & Corn Comment, Export Sales, Markets & Rain Days Update 11/17/23
Highlights Yesterday, the market saw some economic reports from Asia and the USA that were somewhat negative; stuff like US unemployment...
Wright team
Nov 10, 20234 min read
Tidbits, Nov S&D, Export Sales, Markets & Rain Days Update 11/10/23
Farmer's Feedback We received this from BJ, a client, early Thursday morning: "The basis situation in NE Iowa is getting fun to watch. I...
Wright team
Nov 3, 20234 min read
Tidbits, Corn Market, Brazil, Export Sales, Markets & Rain Days Update 11/3/23
Highlights Bill farms 60 miles upriver from the ADM and Cargill barge loading facilities on the Ohio River at Cincinnati. He said both...
Wright team
Oct 27, 20233 min read
Tidbits, Wheat Market, Export Sales, Markets & Rain Days Update 10/27/23
Highlights November Options Expire Today. It looks like the big specs (who write the calls you buy) want Dec corn to settle at $4.80,...
Wright team
Oct 20, 20234 min read
Tidbits, Crude Oil, Corn, Export Sales, Markets & Rain Days Update 10/20/23
Received 6:40 AM yesterday, thanks, Jason: "CHS Fairmont, MN soybean basis firmed from -.20 to + .5 today. Thanks for the great info...
Wright team
Oct 14, 20234 min read
Tidbits, Export Sales, Pipeline Supply, Markets & Rain Days Update 10/14/23
Tidbits Yesterday morning, the USDA announced the sale of: 181,000 mts soft red winter wheat to China 117,300 mts soybeans to unknown...
Wright team
Oct 6, 20234 min read
Tidbits, Short Covering, Politics, Export Sales, Markets & Rain Days Update 10/6/23
Highlights Definitions: Moving average: a commodity’s (or stock) price for the past X number of days averaged each day; a 20 day closing...
Wright Team
Sep 29, 20233 min read
Tidbits, Drought Monitor, Hogs Report, Export Sales, Markets & Rain Days Update 9/29/23
Highlights The USDA will issue its Quarterly Grain Inventory and Small Grains Reports at 10 AM Mountain Time today. The corn and bean...
Wright Team
Sep 22, 20234 min read
Tidbits, Pre-hedging, Export Sales, Markets & Rain Days Update 9/22/23
Pre-Hedging October Options Expire today, it will impact the prices at least temporarily. Pre-hedging: In the grain business, pre-hedging...
Wright Team
Sep 15, 20234 min read
Tidbits, Currency, Drought Areas, Soybean Yields, Export Sales, Markets & Rain Days Update 9/15/23
Marketing Comment The soybean meal and soybean oil marketing years end September 30. As always, there are shipments previously bought to...
Wright Team
Sep 9, 20234 min read
Tidbits, Yield Observations, S&D Estimates, Export Sales, Markets & Rain Days Update 9/9/23
Tidbits USDA announced yesterday morning China bought 121,000 mts of soybeans. Corn crushed in July for ethanol was 454 million bushels,...
Wright Team
Sep 1, 20234 min read
Tidbits, Pro Farmer Tour Final, Year Change, Carry, Export Sales, Markets & Rain Days Update 9/1/23
Friday's Report Today is the first day of the 2023-2024 crop marketing year for corn and soybeans. The USDA is gathering information this...
Wright Team
Aug 25, 20235 min read
Tidbits, Pro Farmer IA & MN, Bean Meal Options, Export Sales, Markets & Rain Days Update 8/25/23
Highlights Pro Farmer Crop Tour Results Thursday: Drought Monitor: % change of crop area in drought Corn +1, Cotton +8, Sorghum +1,...
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