Grain Markets and Other Stuff

Excessive Heat and "Corn Sweat"


Listen Later

Joe's Premium Subscription: www.standardgrain.com

Grain Markets and Other Stuff Links-

Apple Podcasts
Spotify
Google
TikTok
YouTube

Futures and options trading involves risk of loss and is not suitable for everyone.

0:00 Heat Wave and Corn Sweat
2:24 Grains are "Cheap"
4:41 Brazil Corn Planting
6:06 Indonesia Biofuel
7:26 Crop Ratings
9:22 Grain Shipment Update

🌡️ Extreme Heat in the US Corn Belt
Heat Dome Alert: Scorching temperatures are expected between St. Louis and Chicago today, with heat indices rising to a sweltering 105°F to 115°F. This heat wave might break records across the region.
Expanding Heat: The extreme heat is set to move into the Mid-Atlantic and Southeast by mid-week.
Impact on Crops: The high temperatures are anticipated to damage crops, pushing soybean futures higher as traders brace for potential losses.

📉 Grain Prices and Market Trends
Low Grain Prices: Despite the heat, grains like soybeans, corn, and wheat are at their lowest prices since 2010 relative to other commodities.
Record Corn Crops: Recent forecasts from the Pro Farmer tour suggest bumper corn crops in Illinois and Iowa, contributing to the downward pressure on prices.
Corn Futures: December corn futures have dropped to their lowest level since 2020, driven by ample supplies and continuous farmer selling.

🌽 Brazil's Corn Planting and Forecast
Slower Planting: Brazilian farmers have begun planting their first corn crop for the 2024/2025 season, but progress is slower this year due to caution over recent frosts.
Lower Crop Forecast: AgRural predicts a 3.5% smaller first corn crop this season, attributed to lower corn prices and potential dry conditions from La Niña.

🇮🇩 Indonesia's Palm Oil-Based Biodiesel Plan
Proposed Increase: The Indonesian president-elect has proposed increasing the palm oil-based biodiesel blend to 50% by early 2025.
Impact: This proposal could significantly boost palm oil consumption, though industry experts express concerns about readiness and testing.

🌾 US Crop Conditions
Corn and Soybean Conditions: US corn conditions declined slightly last week, now rated 65% good to excellent, while soybeans held steady at 67% good to excellent. However, these ratings might drop next week due to the ongoing extreme heat.
Spring Wheat Harvest: The US spring wheat harvest is slightly behind schedule, with 51% completed, just under the average pace.

🚢 US Export Shipments
Corn Shipments: Corn exports declined last week, down 26% from the previous week but still up 49% year-over-year.
Soybean Shipments: Soybean exports saw a slight increase of 1.4% week-over-week, with a significant 26% rise compared to last year.
Wheat Shipments: Wheat exports were up 44% from the previous week and 38% compared to the same time last year.
The extreme weather and market trends are clearly having a big impact on agriculture right now. 🌍 Keep an eye on how these factors develop, especially with the ongoing heat wave and its potentia

...more
View all episodesView all episodes
Download on the App Store

Grain Markets and Other StuffBy Joe Vaclavik

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

293 ratings


More shows like Grain Markets and Other Stuff

View all
AgriTalk by AgriTalk

AgriTalk

148 Listeners

AgriTalk PM by Farm Journal Media

AgriTalk PM

132 Listeners

Boots In The Field Report by Ken Ferrie

Boots In The Field Report

39 Listeners

Ag PhD Radio on SiriusXM 147 by Ag PhD

Ag PhD Radio on SiriusXM 147

230 Listeners

Grains & Oilseeds with Craig Turner by Craig Turner and StoneX

Grains & Oilseeds with Craig Turner

32 Listeners

SharkFarmer Podcast by Rob Sharkey

SharkFarmer Podcast

356 Listeners

Future of Agriculture by Tim Hammerich

Future of Agriculture

254 Listeners

The Business of Agriculture Podcast by Damian Mason

The Business of Agriculture Podcast

116 Listeners

A Better Way To Farm Podcast by Rod Livesay

A Better Way To Farm Podcast

117 Listeners

The Ag View Pitch by The Ag View Pitch

The Ag View Pitch

48 Listeners

Farm4Profit Podcast by David Whitaker, Corey Hillebo, Tanner Winterhof

Farm4Profit Podcast

378 Listeners

Working Ranch Radio Show by Justin Mills

Working Ranch Radio Show

70 Listeners

Straight Forward Farming by Growincorn2020

Straight Forward Farming

974 Listeners

Barn Talk by Tork and Sawyer Whisler

Barn Talk

1,609 Listeners

XtremeAg: Cutting The Curve Podcast by XtremeAg

XtremeAg: Cutting The Curve Podcast

24 Listeners