Grain Markets and Other Stuff

Corn Ratings Shoot Higher + USDA Dud


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0:00 Corn Ratings Improve
3:15 USDA Snoozefest
8:39 US Weather
10:19 Big Brazil Corn Crop
11:44 Cattle and Mexico Border
13:03 Grain Shipments
14:22 Flash Sale

๐ŸŒฝ Crop Conditions Improve! USDA Surprises & Brazil Corn Booms! ๐ŸŒฑ

๐Ÿ‘‹ Welcome back! In this update, weโ€™re diving into the latest crop condition ratings, trade surprises from the USDA, weather outlooks, and key developments out of Brazil and the southern US border. Letโ€™s dig in! ๐Ÿšœ๐Ÿ“Š

๐ŸŒฝ Corn Conditions Climb

National corn rated 73% good-to-excellent ๐Ÿ“ˆ โ€” best since 2020!
Trade expected 70%โ€ฆ surprise!
Only 5% of the crop is poor/very poor ๐Ÿšซ

๐ŸŒฑ Soybeans Steady
66% good-to-excellent, unchanged and above the 5-year average

๐Ÿ“‰ Futures Pressure
New crop corn flirting with fresh lows this morning as ratings improveโ€ฆ

๐Ÿ“‹ USDA June 30th Report: Mostly a Snoozer
Corn acres: 95.2M vs. 95.3M est.
Soybean acres: 83.4M vs. 83.5M est.
Corn stocks in line โœ…, soy and wheat stocks a touch high

๐ŸŒค๏ธ Weather Outlook
Dry week ahead, especially for central and eastern Corn Belt ๐Ÿ”ฅ

Western Iowa and Minnesota get the best rain
8โ€“14 day forecast looks wetter ๐ŸŒง๏ธ (Euro model more optimistic than GFS)
Heat stays for now, but relief may come next week ๐ŸŒก๏ธ

๐Ÿ‡ง๐Ÿ‡ท Brazil Corn Surprise
AgRural bumps total output to 130.6 MMT ๐Ÿš›
Safrinha corn: record 103.4 MMT
Harvest pace still behind last year (18% vs 49%) โณ
Big supply, but delays persistโ€ฆ

๐Ÿ„ Feeder Cattle Border Reopens
USDA starts gradual reopening for Mexican imports ๐Ÿฎ
First port: Douglas, AZโ€”more to follow
Screwworm progress equals cautious optimism
Market already supported by lowest herd since 1950s ๐Ÿ”ฅ

๐Ÿšข Export Inspections
Corn: 1.4 MMT down 9% vs last week, but +65% YoY
Soybeans: 224K MT, soft vs last year
Wheat: 434K MT, strong print! ๐Ÿ’ช

๐Ÿ“ฆ Flash Sale!
204,000 MT of soybean cake and meal sold to unknown destinations


๐Ÿง  Tap into the trends and donโ€™t miss a beat โ€” subscribe for more updates!
๐Ÿ’ฌ What do YOU think the markets will do next? Drop your take in the comments below!

#GrainMarkets #Corn #Soybeans #USDA #CropProgress #AgNews #BrazilCorn #Weather #Exports #FeederCattle #Farming

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Grain Markets and Other StuffBy Joe Vaclavik

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