As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced sale of 1,661,160 mt (65.4 mb) of corn to Mexico: 1,049,771 mt (41.3 mb) is for 2023-2024 611,389 mt (24.1 mb) for 2024-2025 We'll see if this sale sparks additional noncommercial short-covering indicated by last week's bullish spike [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 137,160 mt (5.4 mb) of corn to Mexico 121,920 mt (4.8 mb) for 2023-2024 15,240 mt (0.6 mb) for 2024-2025

Choose your version: Gene Autry Aerosmith (completely different song) But I am back in the saddle again. Ben was able to fix our technical problem. I will start work catching up on today's posts. Thank you for your patience. Darin [...]

The US Federal Reserve held rates unchanged at the conclusion of its September meeting, leaving it in the 5.25% to 5.5% range. This leaves the door open to at least one more hike during 2023, with the next meeting in [...]

USDA announced a sale of 120,000 mt (4.4 mb) of 2023-2024 soybeans to unknown destinations.

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 123,000 mt (4.5 mb) of 2023-2024 soybeans to China.

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Good morning everyone. I am back in the office following my trip to Nashville. I will be talking more about it over the coning days. Did I miss anything? I'm joking, kind of. From what I could tell Tuesday things [...]

Good Sunday morning everyone. I will be out of the office the rest of Sunday through Tuesday. I'm speaking at Barchart's Grain Merchandising & Technology Conference in Nashville Monday morning. I'll tell you all about it when I get back. [...]

USDA announced a sale of 121,000 mt (4.4 mb) of 2023-2024 soybeans to China.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 251,000 mt (9.2 mb) of 2023-2024 soybeans to unknown destinations.

It was another hot and dry weekend across the US Plains and Midwest. We'll see what happens on Monday night's open, coming out of a US 3-day holiday weekend. Recall last Friday was highlighted by low trade volume before basis [...]

Good morning everyone. And for all of you in the US, enjoy the Labor Day holiday. I meant to post this Sunday evening, and given the title it would've made more sense. Of course it pays homage to the singer/songwriter [...]

USDA announced a sale of 198,000 mt (7.3 mb) of 2023-2024 soybeans to unknown destinations.

USDA announced a sale of 132,000 mt (4.9 mb) of 2023-2024 soybeans to China.

USDA announced an export sale of 266,000 mt (9.8 mb) of 2023-2024 soybeans to unknown destinations.

I was only interested in one contract heading into Tuesday's nights open - November 2023 soybeans. As I discussed in Tuesday's Chart of the Day, the key was if Nov23 left a bearish gap at the open, creating a possible [...]

USDA announced sales of: 246,100 mt (9.0 mb) of 2023-2024 soybeans to unknown destinations 105,000 mt of 2023-2024 soybean cake and meal to unknown destinations

USDA announced sales of: 123,000 mt (4.8 mb) of 2023-2024 corn to Mexico 296,000 mt (10.9 mb) of 2023-2024 soybeans to unknown destinations

With roughly 15 minutes before grains open, I can still make bullish and bearish arguments for corn, soybeans, and wheat. In the soybean market, the 6 to 10-day weather forecast shows continued hot and dry conditions across the US Plains [...]

USDA announced a sale of 121,000 mt (4.4 mb) of 2023-2024 soybeans to China.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Headlines coming across the wire are of the plane "crash" taking the lives of 10 people, including the leader of the Wagner mercenary group who humiliated Putin a few months back. Corn and wheat rallied to new highs while gold [...]

USDA announced a sale of 100,000 mt of 2023-2024 soybean cake and meal to unknown destinations.

Your Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). As for possible topics, I don't know what direction we'll go today. Tune in and we'll find out together.

USDA announced sales of 224,000 mt (8.8 mb) of corn to Mexico. Of this, 112,000 mt (4.4 mb) is for 2024-2025 and 112,000 mt (4.4 mb) is for 2025-2026.

Your weekly reminder I'll be talking markets on RFD-TV at 8:15 (CT). Possible topics: If I'm lucky, discussion of the ongoing crop tour and NASS' latest number will be held to a minimum. Weather and soybeans is a constant, so [...]

A friend sent me a message Monday morning asking, "Has there ever been a year when the 'ABC' Crop Tour did not wreck the market?" First, thank you for reminding me this annual nonsense was occurring this week. I should've [...]

I will be discussing markets on the Agriculture of America talk show at 9:05 (CT). Possible topics include: Continued forecasts of hot and dry weather across the US Plains and Midwest Last Friday's Cattle on Feed numbers for August 1 [...]

USDA announced sales of 111,700 mt (4.4 mb) of 2023-2024 corn to Mexico and 159,350 mt (5.9 mb) of 2023-2024 soybeans to unknown destinations.

The big news this past weekend was the dangerous heat across the US Plains and Midwest. This will most likely have the attention of grain and oilseed traders when the markets open Sunday night. However, a preliminary look at weekly [...]

USDA announced a sale of 112,000 mt (4.4 mb) of 2023-2024 corn to Mexico.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your weekly Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). Possible Topics: Dec23 corn crossing the event horizon of $4.81. Nov23 soybeans with another double-digit rally overnight. News of Russia bombing additional Ukrainian port grain silos supporting [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your weekly reminder I'll be on RFD-TV at 8:15 (CT) talking markets. Possible Topics: Dec23 corn's Event Horizon ($4.81) US Soil Moisture Anomaly Maps US SRW Wheat - The Inevitable VSR Boxed Beef bounce Another Lean Hog reversal? US dollar [...]

USDA announced a sale of 416,000 mt (15.3 mb) of 2023-2024 soybeans to unknown destinations.

I will be discussing markets on the Agriculture of America talk show at 9:05 (CT). Possible Topics: Leftovers from last Friday USDA's attempt to raise prices for insurance purposes What the latest CFTC Commitments of Traders report showed us Basis [...]

(18:45) Heading into Sunday night's open, the key number in the grain and oilseed sector is $4.81. This is last month's low posted by the Dec23 corn corn contract, which closed at $4.8725 last Friday. A move below that mark [...]

USDA announced a sale of 143,637 mt (5.7 mb) of 2023-2024 corn to Mexico.

I will be visiting with Michelle Rook on Markets Now at 8:45 (CT). Possible Topics: Obviously today's nonsense from USDA is a possibility. Weekend weather. Markets in many sectors growing quiet. We'll see what else we can come up. I [...]

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA came in with a late announcement: 251,000 mt (9.2) mb of 2023-2024 soybeans to China.

I'll be making my weekly Wednesday appearance on RFD-TV at 8:45 (CT). Possible Topics: Grains have grown quiet ahead of USDA's monthly supply and demand nonsense. Fundamentally, grain markets are less bullish, as indicated by futures spreads and basis. Speaking [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I will be talking markets on RFD-TV at 8:15 (CT). Possible Topics Include: Bearish weather forecasts for soybeans. What we learned from Brazil six months ago. July lows coming into sight for both September and December corn. Chicago Wheat real [...]

I will be discussing markets on the Agriculture of America talk show at 9:05 (CT). Possible Topics: Beneficial weekend weather for soybeans and corn. More headlines out of the Black Sea region for Chicago wheat and corn Corn caught in [...]

USDA announced sales of: 251,460 mt (9.9 mb) of 2023-2024 corn to Mexico 132,000 mt (4.9 mb) of 2023-2024 soybeans to China

I'm writing this segment about 15 minutes before the open of Sunday night's session. As always, a reminder of the Wilhelmi Element: The only price that matters is the close. The Sunday night open gets a lot of attention, but [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 134,000 mt (4.9 mb) of 2023-2024 soybeans to China.

I will be talking markets with Michelle Rook on Markets Now at 8:45 (CT). Possible Topics: US weather will likely be in the spotlight as we get closer to the weekend. The latest weekly export sales and shipments Breakdown in [...]

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Though it isn't actually Breaking News, as it happened overnight, I found the "why" to the "what" of the jump in corn and soybeans on increased trade volume. Reportedly, Russia bombed another grain facility at a port in souther Ukraine, [...]

I have a couple media opportunities Wednesdays morning. First, I'll be the guest on WIBW Radio's Ag Issues program at 6:00 (CT). Then I'll be making my usual Wednesday appearance on RFD-TV at 8:45. Topics: The latest in grains. Weather [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Tuesday reminder I'll be talking markets on RFD-TV at 8:15 (CT). Possible Topics: Though I hope not, the Browning Effect could come up Also what the end of July selloff might mean And weather Cattle markets stuck in neutral, [...]

I will be discussing markets on the Agriculture of America talk show with new host Jesse Allen at 9:50 (CT). Possible topics include: Why grains and oilseeds posted big losses overnight when the news was similar to what drove markets [...]

USDA announced sales of: 132,000 mt (4.9 mb) of 2023-2024 soybeans to China 183,300 mt of 2023-2024 soybean cake and meal to the Philippines

As I write this introduction, I have no idea how the grain and oilseed sector will open. Will Watson react to news of more Ukrainian Black Sea grain facilities being targeted? Previous week's have seen a sharp early rally on [...]

USDA announced sales of 2023-2024 soybeans: 325,000 mt (11.9 mb) to China 171,460 mt (6.3 mb) to Mexico 413,000 mt (15.2 mb) to unknown destinations

USDA announced a sale of 256,000 mt (9.4 mb) of 2023-2024 soybeans to unknown destinations.

As expected, the US Federal Open Market Committee raised the Fed fund rate by 25 basis points, taking it to 5.25% to 5.5%, reportedly the highest level in over 22 years. As Jeff Cox of CNBC.com wrote in his initial [...]

USDA announced a sale of 272,000 mt (10.0 mb) of 2023-2024 soybeans to unknown destinations. Also, a strangely worded announcement that reads, “229,000 mt (8.4 mb) of soybeans received in the reporting period for delivery to unknown destinations during the [...]

Your Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). Possible topics include: What the US Fed might say, and will it matter The continued rally in US stock indexes US SRW wheat's bearish fundamentals And of course [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Tuesday reminder I'll be making my weekly appearance on RFD-TV at 8:15 (CT). Topics will likely be the Big 3: Weather Ukraine Well, we'll see about Number 3 We also have: The start of the July FOMC meeting Boxed [...]

USDA announced a sale of 121,000 mt (4.4 mb) of 2023-2024 soybeans to China.

I will be visiting with my friend Mike Pearson on the Agriculture of America talk show at 9:05 (CT). Much to talk about again today, including: Ukraine The Weather and last Friday's cattle numbers I hope you will join us.

The news out of Ukraine over the weekend was Russia continued to bomb the port city of Odesa, this time targeting centuries old historic sites. While I doubt it will have the same market impact as last weekend's declaration of [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I'll be talking Closing Markets with Michelle Rook on AgDay TV at 13:30 (CT) Thursday. A lot to talk about. With two hours remaining, I'm not even going to try to guess what the topics might be. I hope you [...]

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I friend just sent me a Reuters headline that has sparked renewed buying in both corn and Chicago wheat. It read, "Countries, Under Which Flags Vessels Are Traveling To Ukraine Ports On The Black Sea, Will Be Considered As Parties [...]

I will be making my weekly Wednesday appearance on RFD-TV at 8:45 (CT). Likely topics: The explosive rally in the grain and oilseed sector Black Sea situation deteriorating Fund short covering in Chicago wheat and corn Crush demand growing stronger [...]

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I will be making my weekly Tuesday appearance on RFD-TV at 8:15 (CT). Topics: Black Sea The end of the grain deal Russia attacking the port of Odessa Weather Short-term rains Longer-term drying out Trends Starting to change Boxed beef [...]

While not necessarily Breaking News, after I posted Tuesday's Morning Commentary I saw where Russia had attacked and damaged Ukraine's key Black Sea port at Odessa. This is what likely brought the algorithm buying back into Chicago (SRW) and corn [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I will be visiting with my friend Mike Pearson on the Agriculture of America talk show at 9:05 (CT). (10:30 CT update): I had a second media opportunity come up, this one with my old friends at WHO Radio. I'll [...]

Weather should move into the spotlight again this week, with rains seen over much of the US Plains and Midwest this past weekend (slide 1). Looking ahead, the NWS 6 to 10-day forecast is calling for a mix of temperatures, [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 315,704 mt (11.6 mb) of 2023-2024 soybeans to Mexico.

USDA announced a sale of 105,000 mt of 2023-2024 soybean cake and meal to unknown destinations.

A reminder I'll be making my weekly Wednesday appearance on RFD-TV at 8:45 (CT). The topic of the day will likely be the pink elephant in the room: USDA's July round of supply and demand guesses. But we could also [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I'll be making my weekly Tuesday appearance on RFD-TV at 8:15 (CT). Possible Topics: Renewed buying in corn and soybeans. Weather? Or something more? Winter wheat harvest rolls along. Boxed beef breakdown What it might mean for live cattle A [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I have a couple media appearances Monday morning. First, I'll be talking t0 Michelle Rook on Markets Now at 8:45 (CT). Then I'll be visiting with Mike Pearson on the Agriculture of America talk show at 9:15. Possible Topics: Weather [...]

If nothing else, the last few weeks have shown us the truth behind what I like to call the Wilhelmi Element. The late Gary Wilhelmi, long-time CBOT floor reporter, told me a number of times, "The only price that matters [...]

USDA announced a sale of 180,000 mt (7.1 mb) of corn to Mexico. Of this, 45,000 mt (1.8 mb) is for 2022-2023 with 135,000 mt (5.3 mb) for 2023-2024.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

The commodity complex is mostly higher to start the day, despite a slightly stronger US dollar index. As for news, not much caught my eye during the July 4 holiday weekend. According to a Reuters story, this past Monday was [...]

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I have a couple media appearances Wednesday morning. First, I'll be on the WIBW Radio (Topeka, Kansas) Ag Issues radio program at 6:00 (CT). Then, I'll make my weekly Wednesday appearance on RFD-TV at 8:45 (CT). Possible Topics: Changing weather [...]

I'll be visiting with my good friend Mike Pearson on the Agriculture of America talk show at 9:05 Monday. I'm sure the topic of choice will be the fallout from last Friday's USDA numbers. Were we really surprised by the [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.

This past weekend saw more rain fall across parts of the US Midwest, though I'm not sure total coverage was as widespread as forecast. Also, the corn and soybean markets could see a reaction to last Friday's post-report action. Also, [...]

USDA announced a sale of 132,000 mt (4.9 mb) of 2023-2024 soybeans to China.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

USDA announced a sale of 170,706 mt (6.7 mb) of corn to Mexico. 2022-2023: 21,340 mt (0.8 mb) 2023-2024: 149,366 mt (5.9 mb)

Your Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). Possible Topics Include Corn and Soybean weather markets Winter wheat harvest The continued run of weaker boxed beef prices Resurgent Lean Hogs And more I hope you will [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Tuesday reminder I'll be talking markets on RFD-TV at 8:15 (CT). Possible topics include: Watson not playing along this week. Weather, naturally, with this being Week 6 of a possible 6-week weather market. Feeder Cattle bullish technical turn Lean [...]

As a follow-up to Monday's Chart of the Day, Dec23 corn blasted through the price target near $5.7650 overnight and moved to within striking distance of the next target near $5.60. The latter marks the 50% retracement level of the [...]

As most of you know by now, NASS released its latest make-believe weekly crop condition numbers after Monday's close. The results: Corn Excellent: 8% (unchanged from last week) Good: 42% (down 5 percentage points from last week Fair: 35% (up [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I have a couple media appearances Monday morning. I'll be talking markets with Michelle Rook on Markets Now at 8:45 (CT). Then I'll be visiting with Mike Pearson on the Agriculture of America talk show at 9:05. Likely Topics: Weekend [...]

It was an interesting weekend, that's for sure. The Civil War in Russia looks to have last less than 24 hours. I'm not sure what to make of the events other than that's what happens when an authoritarian mob boss [...]

Good morning everyone. Friday afternoon and evening a story developed regarding the war created by Russia by its invasion of Ukraine turning back on Mother Russia. The few news outlets I trust were talking about how the leader of the [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I have a couple media appearances Wednesday morning. First, my weekly visit to RFD-TV at 8:45 (CT) when I'm sure the topic will be a discussion on the world of make believe (NASS' weekly crop condition numbers). Second, I'll be [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

I'll be On Air a couple times Tuesday morning. First, my weekly 8:15 (CT) spot talking markets on RFD-TV. Second, I'll be visiting with my friend Mike Pearson on the Agriculture of America talk show at 9:05. There will be [...]

In the grain and oilseed sector, it's all about the weather coming out of the US 3-day holiday weekend. There was some rain across the Plains and Midwest, not a lot in some key areas leaving the door open to [...]

I will be talking markets with Michelle Rook on Markets Now at 11:00 (CT). Possible Topics: The weather market in corn and soybeans Week 4 of 6? Heading into a 3-day harvest weekend for winter wheat Continued strength of boxed [...]

As of 8:05 (CT) Friday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Dec23 corn has posted an early high of $5.6775 Thursday, moving it into the target range between roughly $5.64 and $5.80 discussed this past weekend in Analysis: Grain. While the contract is sharply overbought on its short-term daily chart, the [...]

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As US Fed Chairman Jerome Powell hinted at a couple weeks ago, the Fed held interest rates at the 5.0% to 5.25% range. This reportedly was the first time in 15 months the Fed did not rase rates. However, there [...]

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). Possible Topics: Another Fed Wednesday Long-term downtrend in the US dollar index Long-term uptrends in major US stock indexes Is the boxed beef market nearing a top? Continued [...]

July corn is in position for a bearish spike reversal Tuesday, if it closes lower for the day. If so, then it would likely coincide with yet another bearish crossover by daily stochastics, the combination indicating the short-term trend has [...]

As of 8:05 (CT) Tuesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Tuesday reminder I'll be taking markets on RFD-TV at 8:15 (CT). Possible Topics: Renewed buying in corn and soybeans. Long-term bullish futures spreads Noncommercial activity on the last day of the positioning week Reportedly still held a net-short in [...]

I will be talking markets with my friend Mike Pearson on the Agriculture of America talk show at 9:05 (CT). Possible Topics: WASDE leftovers, mostly from the global side The latest developments between the US and China I saw on [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.

18:45 (CT): Given the cooler, wetter weather over much of the US Plains and Midwest this weekend, my thought was we would see a round of selling in new-crop corn and soybeans at Sunday's open. However, soil moisture readings continue [...]

USDA announced a sale of 197,000 mt (7.2 mb) of 2022-2023 soybeans to unknown destinations.

As of 8:05 (CT) Thursday, there were no new export sales or cancellations announcements on the USDA/FAS website.

As of 8:05 (CT) Wednesday, there were no new export sales or cancellations announcements on the USDA/FAS website.

Your Wednesday reminder I'll be talking markets on RFD-TV at 8:45 (CT). Possible Topics: The continued rocket ride that is US boxed beef. Bullish Cash Grain Indexes Corn Basis bending but not breaking Lean Hogs and the Rubber Band Disposition [...]

Last but certainly not least, as I mentioned in Tuesday's Afternoon Commentary all eyes would be on the reported boxed beef prices. All I can say is "Yowza"! Choice came in at $321.40 (per 100 pounds), up $7.21 for the [...]

USDA announced a sale of 165,000 mt (6.1 mb) of 2022-2023 soybeans to Spain.

Your Tuesday reminder I'll be on RFD-TV at 8:15 (CT) talking markets. Possible Topics New 22-month highs in boxed beef Going back to the end of May, can we believe what we see with bullish technical patterns in cash corn [...]

I will be visiting with Mike Pearson on the Agriculture of America talk show at 9:05 (CT). Possible Topics: Live cattle and convergence between cash and futures The back half of the first WWW (Wrap-around Weather-market Weekend) Activity of the [...]

As of 8:05 (CT) Monday, there were no new export sales or cancellations announcements on the USDA/FAS website.