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Wright team
3 days ago5 min read
Tidbits, Global Estimates, Fertilizers, Spring Weather, Broiler & Ethanol 2/21/25
Highlights March CBOT options expire today which usually means lower prices. The expected hot weather in Argentina this weekend sent...
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Wright team
Feb 75 min read
Tidbits, Crude Oil, SA Weather, Mexico & GMO Corn, US Export Sales 2/7/25
Highlights Crude oil futures lost a dollar Thursday morning and closed about 40¢ lower after President Donald Trump repeated a pledge to...
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Wright team
Jan 203 min read
Tidbits, Basis is Negotiable, Argentine Weather, Crop Budgets 1/20/25
Ag market futures will resume trading at normal time this evening. Crude oil began trading as its usual time last evening, namely 5 PM...
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Wright team
Dec 24, 20245 min read
Tidbits, SA Weather & ENSO, Panama Canal, Hogs, Export Inspections 12/24/24
Highlights The Equatorial Pacific Surface Water temperature has dropped a half °C the past two reporting weeks and is now 1° below...
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Wright team
Dec 1, 20245 min read
Tidbits, Q&A: HTA Contract, Canada's Export 12/1/24
Highlights Trump’s newly appointed counterterrorism adviser, Sebastian Gorka, says Trump plans to end the Ukraine war by threatening to...
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Wright team
Nov 23, 20246 min read
Tidbits, South American Soybean Situation, Farm Income 11/23/24
Tidbits Yesterday morning, the USDA announced the sale of 198,000 mts of old crop beans to unknown. The USDA forecasts net farm income...
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Wright team
Nov 12, 20245 min read
Tidbits, Weather Forecasting, Brazil, ENSO, Wheat 11/12/24
Tidbits Weekly Export Inspections will be released today at 10:00 a.m. CDT. Crop Progress and Conditions will be released after the close...
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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 10, 20245 min read
Tidbits, Oils, Estimates, Weather, Brazil-Mexico, Broilers & Ethanol 10/10/24
Highlights The U.S. Energy Information Administration (EIA) weekly report highlights: U.S. ethanol production was up; market expected it...
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Wright team
Oct 9, 20244 min read
Tidbits, Crude Oil, Hurricane 10/9/24
Highlights The river gauge at Memphis will restrict barge drafts by October 13th if no rain comes this week. Weather Monday night poured...
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Wright team
Oct 6, 20244 min read
Tidbits, Corn Price History, USDA’s Wheat Production, Hurricane 10/6/24
Tidbits The Spec funds and the Index funds were net buyers of corn, soybeans and all three classes of wheat on the Commitment of Traders...
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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 15, 20244 min read
Tidbits, Rain Days, China Imports 9/15/24
Highlights It is unusual that no rain has fallen nor predicted by the middle of September for Rondonópolis, an area in Brazil's top grain...
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Wright team
Sep 11, 20244 min read
Tidbits, Hurricane, September S&D Estimates, ULSD Spread 9/11/24
Highlights The U.S. Gulf Coast is bracing for the tropical storm Francine. It is expected to become a category 2 hurricane and make...
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Wright team
Aug 25, 20244 min read
Tidbits, ProFarmer Estimates, Union Strikes, Oceans, Urea Prices 8/25/24
Highlights Cease-fire negotiations for the Israel-Hamas war are set to begin today in Cairo. Israel has accepted a “bridging” agreement...
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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
Jul 31, 20244 min read
Tidbits, Rain Makes Grain, China, Deliveries 7/31/24
Highlights The grain industry has been bad-mouthing China’s economic outlook which the grain industry says will greatly reduce China’s...
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Wright team
Jul 23, 20245 min read
Tidbits, Weather, Crop Conditions, ENSO, Export Inspections 7/23/24
Highlights August options expire this Friday. All July basis contracts and long July CBOT futures positions must be rolled or priced no...
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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 18, 20244 min read
Tidbits, Hurricane, Stock Market, Broilers & Ethanol 7/18/24
Highlights Eric Snodgrass: "We use that term derecho when we’re talking about a storm system that produces damaging winds over at least a...
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