Ending stocks-to-use projections for some agricultural commodities may be more bullish than the headline row-crop figures suggest.

Grain marketing isn't easy during long periods of relatively low prices. It's tempting to believe in stories about multi-year cycles, suggesting a low price won't be revisited for the next several decades, but statistical tests can...

Corn 1/4 lower. Soybeans 1 higher. Wheat 3 1/2 higher. Soybean meal and new crop soybean futures are unchanged.

Corn 4 1/4 lower. Soybeans 15 1/4 lower. Wheat 7 1/2 lower. The selling mood is widespread across global stock markets and commodity markets.

Corn 1 1/2 lower. Soybeans 4 3/4 higher. Wheat 5 1/4 lower. Soybean meal futures are higher, suggesting they've found consistent support above $370 per ton.

Despite large global wheat inventories, the hard red winter wheat market has responded to the ongoing Southern Plains drought with a rally that could foreshadow things to come in other grain markets.

Corn 1/2 lower. Soybeans 4 higher. Wheat 1 lower. Soybean meal futures are lower, pulling back from their month-long rally.

Corn 1 1/4 higher. Soybeans 7 1/4 higher. Wheat 9 higher. Soybean meal futures are $7 higher, leading the soy complex.

So far, the seasonal opportunities for pre-harvest hedging new-crop grain have matched last year's general pattern, but also have travelled the same price path almost penny-for-penny.

Corn 1/2 higher. Soybeans 1 1/2 lower. Wheat 3 higher. Nearby corn futures have lately been unable to find buyers above $3.70.

Corn unchanged. Soybeans 1 1/4 higher. Wheat 3 3/4 lower. End-of-week profit-taking wouldn't be unusual throughout the day.

Corn 1/2 higher. Soybeans 1 higher. Wheat 2 higher. Trading ranges have so far been small Thursday, but the charts show an ongoing upswing.

Corn 1 1/2 lower. Soybeans 4 1/2 lower. Wheat 6 3/4 lower. Outside markets could be flighty after the monthly inflation report.

An estimated $9.5 trillion of investment wealth was "created" by the stock market in the two-year rally leading up to this February -- before $3 trillion was "lost" in the recent correction. Commodity markets are affected, too...

Sports gamblers have lots of opportunities to place bets at this time of year, and so do grain marketers -- except it's called hedging, to lock in a profitable financial outcome.