Joe's Premium Subscription: <a href='https://standardgrain.com/'>www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href='https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095'>Apple Podcasts </a><a href='https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG'>Spotify</a> <a href='https://www.tiktok.com/@grainmarketsandotherstuf'>TikTok</a> <a href='https://www.youtube.com/@GrainMarketsandOtherStuff/videos'>YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌽 Corn futures rallied Monday, with Dec26 gaining ~16¢ to close at $5.43/bu. The move was driven by hopes for stronger Chinese demand and rain slowing Corn Belt harvest. 🌱 Soybeans jumped ahead of Thursday's Trump-Xi meeting, with Nov26 up ~25¢ to $13.28/bu. Traders are betting the talks could lead China to drop its 10% tariff and let private buyers start purchasing again. 🌾 Wheat also closed higher as Russia and Ukraine traded drone strikes, cooling hopes for a de-escalation. US-China trade talks wrapped their second day Monday ahead of the big Trump-Xi sit-down. 🚜 Crop conditions held steady while harvest progress sped up nationwide. Corn crop rated 57% good/excellent (harvest 13% done) and soybeans held at 58% good/excellent (harvest 12% done), with winter wheat planting at 17%. ⛽ Diesel prices hit a record $6.51/gal, sparking calls from farm-state Republicans for an export ban. The White House says it's not considering restrictions yet, even as Ag Secretary Rollins hints at a fuel-cost relief plan soon. 🚗 California finally cleared the path for E15 sales after Gov. Newsom signed new legislation. The move could save drivers billions and add ~650 million gallons of annual ethanol demand in the state. 🚢 Russia is shifting grain exports to Baltic and Arctic ports as Black Sea shipping stays restricted. Exports were down 31% July-August y/y, even as USDA expects only a modest hit to Russia's overall grain trade. 📦 US corn and soybean export inspections came in strong last week, beating expectations and last year's pace. China made up 59% of corn inspections, while wheat shipments lagged, down 64% vs. the same week last year.

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 🌽 Corn futures rallied Monday, with Dec26 gaining ~16¢ to close at $5.43/bu. The move was driven by hopes for stronger Chinese demand and rain slowing Corn Belt harvest. 🌱 Soybeans jumped ahead of Thursday's Trump-Xi meeting, with Nov26 up ~25¢ to $13.28/bu. Traders are betting the talks could lead China to drop its 10% tariff and let private buyers start purchasing again. 🌾 Wheat also closed higher as Russia and Ukraine traded drone strikes, cooling hopes for a de-escalation. US-China trade talks wrapped their second day Monday ahead of the big Trump-Xi sit-down. 🚜 Crop conditions held steady while harvest progress sped up nationwide. Corn crop rated 57% good/excellent (harvest 13% done) and soybeans held at 58% good/excellent (harvest 12% done), with winter wheat planting at 17%. ⛽ Diesel prices hit a record $6.51/gal, sparking calls from farm-state Republicans for an export ban. The White House says it's not considering restrictions yet, even as Ag Secretary Rollins hints at a fuel-cost relief plan soon. 🚗 California finally cleared the path for E15 sales after Gov. Newsom signed new legislation. The move could save drivers billions and add ~650 million gallons of annual ethanol demand in the state. 🚢 Russia is shifting grain exports to Baltic and Arctic ports as Black Sea shipping stays restricted. Exports were down 31% July-August y/y, even as USDA expects only a modest hit to Russia's overall grain trade. 📦 US corn and soybean export inspections came in strong last week, beating expectations and last year's pace. China made up 59% of corn inspections, while wheat shipments lagged, down 64% vs. the same week last year.

Joe's Premium Subscription: <a href="https://standardgrain.com/" rel="noopener noreferrer">www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href="https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095" rel="noopener noreferrer">Apple Podcasts </a><a href="https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG" rel="noopener noreferrer">Spotify</a> <a href="https://www.tiktok.com/@grainmarketsandotherstuf" rel="noopener noreferrer">TikTok</a> <a href="https://www.youtube.com/@GrainMarketsandOtherStuff/videos" rel="noopener noreferrer">YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌽 Corn futures rallied Monday, with Dec26 gaining ~16¢ to close at $5.43/bu. The move was driven by hopes for stronger Chinese demand and rain slowing Corn Belt harvest. 🌱 Soybeans jumped ahead of Thursday's Trump-Xi meeting, with Nov26 up ~25¢ to $13.28/bu. Traders are betting the talks could lead China to drop its 10% tariff and let private buyers start purchasing again. 🌾 Wheat also closed higher as Russia and Ukraine traded drone strikes, cooling hopes for a de-escalation. US-China trade talks wrapped their second day Monday ahead of the big Trump-Xi sit-down. 🚜 Crop conditions held steady while harvest progress sped up nationwide. Corn crop rated 57% good/excellent (harvest 13% done) and soybeans held at 58% good/excellent (harvest 12% done), with winter wheat planting at 17%. ⛽ Diesel prices hit a record $6.51/gal, sparking calls from farm-state Republicans for an export ban. The White House says it's not considering restrictions yet, even as Ag Secretary Rollins hints at a fuel-cost relief plan soon. 🚗 California finally cleared the path for E15 sales after Gov. Newsom signed new legislation. The move could save drivers billions and add ~650 million gallons of annual ethanol demand in the state. 🚢 Russia is shifting grain exports to Baltic and Arctic ports as Black Sea shipping stays restricted. Exports were down 31% July-August y/y, even as USDA expects only a modest hit to Russia's overall grain trade. 📦 US corn and soybean export inspections came in strong last week, beating expectations and last year's pace. China made up 59% of corn inspections, while wheat shipments lagged, down 64% vs. the same week last year.

Corn Jumps on Possible China Interest + Diesel Export Ban and E15 in California

Joe's Premium Subscription: <a href='https://standardgrain.com/'>www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href='https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095'>Apple Podcasts </a><a href='https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG'>Spotify</a> <a href='https://www.tiktok.com/@grainmarketsandotherstuf'>TikTok</a> <a href='https://www.youtube.com/@GrainMarketsandOtherStuff/videos'>YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.⛽ Diesel Prices – National average diesel hit a record $6.51/gal on Sunday, up 76% year-over-year, with off-road diesel nearing $6.00/gal in many areas. Fuel costs are adding $11/acre to corn and $7/acre to soybean budgets, and USDA Secretary Rollins hints at coming relief announcements. 💸 🇺🇸🇨🇳 Trump-Xi Meeting – Trump and Xi meet in Washington Thursday to tackle AI, trade, Taiwan, and the Iran war, with ag trade a key focus. China has crossed the halfway mark on its 25mmt soybean commitment, and weekend talks between Bessent and Li Chenggang were called "very successful." 🤝 🌧️ Corn Belt Rainfall – Heavy rain soaked eastern Iowa, southern Wisconsin, and northern Illinois over the weekend, with some spots topping 4 inches and flash-flooding concerns Sunday morning. Saturated fields could delay harvest, though a drier week is expected ahead. 🌽 📉 Grain Markets – Soybeans dropped ~16 cents Friday to $13.04, pressured by profit-taking, weaker crude, and advancing harvest, while corn slid 3 cents to $5.28. Wheat also finished lower as traders eye a possible Black Sea de-escalation and this week's Trump-Xi summit. 📊 💰 CFTC Fund Positioning – Managed money's corn net-long hit a fresh record at 414,460 contracts, edging out last week's mark by a single contract. Funds trimmed soybean longs by 16k (still 2nd-largest on record) and sold 9k SRW wheat contracts. 📈 🚢 Soybean Flash Sale – USDA confirmed a fresh flash sale of 111,000mt (4 million bushels) of soybeans to China for 2026/2027 delivery. It's another sign of steady, if incremental, progress toward China's purchase commitment. 🌱 🐄 Cattle on Feed – September 1 inventory rose 1% YOY to 11.16 million head, while August placements fell to a record-low 1.62 million and marketings hit a record-low 1.52 million. The report looks bullish on the surface, but shrinking marketings raise questions about the cattle pipeline down the road — though the market's real focus stays on Thursday's Santa Teresa port reopening for Mexican feeder cattle. 🥩

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. ⛽ Diesel Prices – National average diesel hit a record $6.51/gal on Sunday, up 76% year-over-year, with off-road diesel nearing $6.00/gal in many areas. Fuel costs are adding $11/acre to corn and $7/acre to soybean budgets, and USDA Secretary Rollins hints at coming relief announcements. 💸 🇺🇸🇨🇳 Trump-Xi Meeting – Trump and Xi meet in Washington Thursday to tackle AI, trade, Taiwan, and the Iran war, with ag trade a key focus. China has crossed the halfway mark on its 25mmt soybean commitment, and weekend talks between Bessent and Li Chenggang were called "very successful." 🤝 🌧️ Corn Belt Rainfall – Heavy rain soaked eastern Iowa, southern Wisconsin, and northern Illinois over the weekend, with some spots topping 4 inches and flash-flooding concerns Sunday morning. Saturated fields could delay harvest, though a drier week is expected ahead. 🌽 📉 Grain Markets – Soybeans dropped ~16 cents Friday to $13.04, pressured by profit-taking, weaker crude, and advancing harvest, while corn slid 3 cents to $5.28. Wheat also finished lower as traders eye a possible Black Sea de-escalation and this week's Trump-Xi summit. 📊 💰 CFTC Fund Positioning – Managed money's corn net-long hit a fresh record at 414,460 contracts, edging out last week's mark by a single contract. Funds trimmed soybean longs by 16k (still 2nd-largest on record) and sold 9k SRW wheat contracts. 📈 🚢 Soybean Flash Sale – USDA confirmed a fresh flash sale of 111,000mt (4 million bushels) of soybeans to China for 2026/2027 delivery. It's another sign of steady, if incremental, progress toward China's purchase commitment. 🌱 🐄 Cattle on Feed – September 1 inventory rose 1% YOY to 11.16 million head, while August placements fell to a record-low 1.62 million and marketings hit a record-low 1.52 million. The report looks bullish on the surface, but shrinking marketings raise questions about the cattle pipeline down the road — though the market's real focus stays on Thursday's Santa Teresa port reopening for Mexican feeder cattle. 🥩

Joe's Premium Subscription: <a href="https://standardgrain.com/" rel="noopener noreferrer">www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href="https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095" rel="noopener noreferrer">Apple Podcasts </a><a href="https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG" rel="noopener noreferrer">Spotify</a> <a href="https://www.tiktok.com/@grainmarketsandotherstuf" rel="noopener noreferrer">TikTok</a> <a href="https://www.youtube.com/@GrainMarketsandOtherStuff/videos" rel="noopener noreferrer">YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.⛽ Diesel Prices – National average diesel hit a record $6.51/gal on Sunday, up 76% year-over-year, with off-road diesel nearing $6.00/gal in many areas. Fuel costs are adding $11/acre to corn and $7/acre to soybean budgets, and USDA Secretary Rollins hints at coming relief announcements. 💸 🇺🇸🇨🇳 Trump-Xi Meeting – Trump and Xi meet in Washington Thursday to tackle AI, trade, Taiwan, and the Iran war, with ag trade a key focus. China has crossed the halfway mark on its 25mmt soybean commitment, and weekend talks between Bessent and Li Chenggang were called "very successful." 🤝 🌧️ Corn Belt Rainfall – Heavy rain soaked eastern Iowa, southern Wisconsin, and northern Illinois over the weekend, with some spots topping 4 inches and flash-flooding concerns Sunday morning. Saturated fields could delay harvest, though a drier week is expected ahead. 🌽 📉 Grain Markets – Soybeans dropped ~16 cents Friday to $13.04, pressured by profit-taking, weaker crude, and advancing harvest, while corn slid 3 cents to $5.28. Wheat also finished lower as traders eye a possible Black Sea de-escalation and this week's Trump-Xi summit. 📊 💰 CFTC Fund Positioning – Managed money's corn net-long hit a fresh record at 414,460 contracts, edging out last week's mark by a single contract. Funds trimmed soybean longs by 16k (still 2nd-largest on record) and sold 9k SRW wheat contracts. 📈 🚢 Soybean Flash Sale – USDA confirmed a fresh flash sale of 111,000mt (4 million bushels) of soybeans to China for 2026/2027 delivery. It's another sign of steady, if incremental, progress toward China's purchase commitment. 🌱 🐄 Cattle on Feed – September 1 inventory rose 1% YOY to 11.16 million head, while August placements fell to a record-low 1.62 million and marketings hit a record-low 1.52 million. The report looks bullish on the surface, but shrinking marketings raise questions about the cattle pipeline down the road — though the market's real focus stays on Thursday's Santa Teresa port reopening for Mexican feeder cattle. 🥩

How Have SURGING Diesel Prices Impacted Corn Growers? (It's not Good)

Joe's Premium Subscription: <a href='https://standardgrain.com/'>www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href='https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095'>Apple Podcasts </a><a href='https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG'>Spotify</a> <a href='https://www.tiktok.com/@grainmarketsandotherstuf'>TikTok</a> <a href='https://www.youtube.com/@GrainMarketsandOtherStuff/videos'>YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🫘 Soybean meal ripped to a new contract high of $372.90 before settling at $368.70 as rain threatens to delay Corn Belt harvest just as crush plants scramble for beans. 📈 Corn and wheat both settled lower, with wheat pressured by hopes for a Russia-Ukraine deal that could ease Black Sea shipping. ⚔️ Trump is weighing whether to resume large-scale attacks on Iran or pursue a diplomatic path, with a Tuesday meeting set with six Gulf nations to map out next steps. ⛽ Meanwhile diesel hit a record $6.45/gal and gasoline jumped to $4.47/gal, ramping up inflationary and political pressure. 📉 US corn export sales fell 47% week-over-week to 1mmt, with Mexico the top buyer. 🇨🇳 Soybean sales dropped 35% to 1.7mmt with China leading purchases, while wheat sales rose 68% to 325,900mt on demand from the Philippines. 🌧️ USDA's drought monitor showed improvement in parts of the Corn Belt and High Plains after heavy rain, with total drought coverage now at 25% vs. 37% a year ago. 🐄 Winter wheat (57%) and cattle (58%) remain the most drought-stressed categories. 🇲🇽 The Santa Teresa port will reopen to Mexican feeder cattle imports on September 24, becoming the second border crossing to resume after nearly two years of screwworm-related closures. 🐮 Imports will start slow at ~750 head/day, adding to the roughly 6,000 head already processed since Douglas, AZ reopened in August.

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 🫘 Soybean meal ripped to a new contract high of $372.90 before settling at $368.70 as rain threatens to delay Corn Belt harvest just as crush plants scramble for beans. 📈 Corn and wheat both settled lower, with wheat pressured by hopes for a Russia-Ukraine deal that could ease Black Sea shipping. ⚔️ Trump is weighing whether to resume large-scale attacks on Iran or pursue a diplomatic path, with a Tuesday meeting set with six Gulf nations to map out next steps. ⛽ Meanwhile diesel hit a record $6.45/gal and gasoline jumped to $4.47/gal, ramping up inflationary and political pressure. 📉 US corn export sales fell 47% week-over-week to 1mmt, with Mexico the top buyer. 🇨🇳 Soybean sales dropped 35% to 1.7mmt with China leading purchases, while wheat sales rose 68% to 325,900mt on demand from the Philippines. 🌧️ USDA's drought monitor showed improvement in parts of the Corn Belt and High Plains after heavy rain, with total drought coverage now at 25% vs. 37% a year ago. 🐄 Winter wheat (57%) and cattle (58%) remain the most drought-stressed categories. 🇲🇽 The Santa Teresa port will reopen to Mexican feeder cattle imports on September 24, becoming the second border crossing to resume after nearly two years of screwworm-related closures. 🐮 Imports will start slow at ~750 head/day, adding to the roughly 6,000 head already processed since Douglas, AZ reopened in August.

Joe's Premium Subscription: <a href="https://standardgrain.com/" rel="noopener noreferrer">www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href="https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095" rel="noopener noreferrer">Apple Podcasts </a><a href="https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG" rel="noopener noreferrer">Spotify</a> <a href="https://www.tiktok.com/@grainmarketsandotherstuf" rel="noopener noreferrer">TikTok</a> <a href="https://www.youtube.com/@GrainMarketsandOtherStuff/videos" rel="noopener noreferrer">YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🫘 Soybean meal ripped to a new contract high of $372.90 before settling at $368.70 as rain threatens to delay Corn Belt harvest just as crush plants scramble for beans. 📈 Corn and wheat both settled lower, with wheat pressured by hopes for a Russia-Ukraine deal that could ease Black Sea shipping. ⚔️ Trump is weighing whether to resume large-scale attacks on Iran or pursue a diplomatic path, with a Tuesday meeting set with six Gulf nations to map out next steps. ⛽ Meanwhile diesel hit a record $6.45/gal and gasoline jumped to $4.47/gal, ramping up inflationary and political pressure. 📉 US corn export sales fell 47% week-over-week to 1mmt, with Mexico the top buyer. 🇨🇳 Soybean sales dropped 35% to 1.7mmt with China leading purchases, while wheat sales rose 68% to 325,900mt on demand from the Philippines. 🌧️ USDA's drought monitor showed improvement in parts of the Corn Belt and High Plains after heavy rain, with total drought coverage now at 25% vs. 37% a year ago. 🐄 Winter wheat (57%) and cattle (58%) remain the most drought-stressed categories. 🇲🇽 The Santa Teresa port will reopen to Mexican feeder cattle imports on September 24, becoming the second border crossing to resume after nearly two years of screwworm-related closures. 🐮 Imports will start slow at ~750 head/day, adding to the roughly 6,000 head already processed since Douglas, AZ reopened in August.

Trump-Xi Meeting: Cancelation Rumors, Soybeans Lower

Joe's Premium Subscription: <a href='https://standardgrain.com/'>www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href='https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095'>Apple Podcasts </a><a href='https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG'>Spotify</a> <a href='https://www.tiktok.com/@grainmarketsandotherstuf'>TikTok</a> <a href='https://www.youtube.com/@GrainMarketsandOtherStuff/videos'>YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌧️ Heavy rain is soaking the Corn Belt again, with parts of Minnesota and Wisconsin bracing for up to 10 inches through the weekend. Harvest delays and flooding are expected as fieldwork stalls across Iowa, Nebraska, South Dakota, Minnesota, and Wisconsin. 💰 The Fed hiked interest rates a quarter point to 3.75%-4.00%, its first increase in over three years. Energy prices from the US-Iran war and inflation at 3.4% are keeping pressure on for possibly another hike this year. 🌱 Soybeans ticked up ahead of US-China trade talks, with the Nov26 contract near $13.21 as traders eye stronger Chinese purchases. Corn slipped slightly to $5.34 on the Dec26 contract, while wheat finished modestly higher. ⛽ Russia looks set to extend its diesel export ban through October as Ukrainian drone strikes keep hammering refining capacity. US diesel prices hit a record $6.31/gallon as the global market feels the squeeze. 🌾 Black Sea attacks are forcing Russia to reroute wheat exports through pricier, less efficient Baltic and Far East channels. Despite the disruption, USDA still expects Russia to remain the world's top wheat exporter this year. 🏭 US ethanol production held steady at 1.099 million barrels per day, up 4.2% year-over-year. Stocks climbed to a 19-week high while margins across the Corn Belt stayed mostly positive.

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 🌧️ Heavy rain is soaking the Corn Belt again, with parts of Minnesota and Wisconsin bracing for up to 10 inches through the weekend. Harvest delays and flooding are expected as fieldwork stalls across Iowa, Nebraska, South Dakota, Minnesota, and Wisconsin. 💰 The Fed hiked interest rates a quarter point to 3.75%-4.00%, its first increase in over three years. Energy prices from the US-Iran war and inflation at 3.4% are keeping pressure on for possibly another hike this year. 🌱 Soybeans ticked up ahead of US-China trade talks, with the Nov26 contract near $13.21 as traders eye stronger Chinese purchases. Corn slipped slightly to $5.34 on the Dec26 contract, while wheat finished modestly higher. ⛽ Russia looks set to extend its diesel export ban through October as Ukrainian drone strikes keep hammering refining capacity. US diesel prices hit a record $6.31/gallon as the global market feels the squeeze. 🌾 Black Sea attacks are forcing Russia to reroute wheat exports through pricier, less efficient Baltic and Far East channels. Despite the disruption, USDA still expects Russia to remain the world's top wheat exporter this year. 🏭 US ethanol production held steady at 1.099 million barrels per day, up 4.2% year-over-year. Stocks climbed to a 19-week high while margins across the Corn Belt stayed mostly positive.

Joe's Premium Subscription: <a href="https://standardgrain.com/" rel="noopener noreferrer">www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href="https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095" rel="noopener noreferrer">Apple Podcasts </a><a href="https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG" rel="noopener noreferrer">Spotify</a> <a href="https://www.tiktok.com/@grainmarketsandotherstuf" rel="noopener noreferrer">TikTok</a> <a href="https://www.youtube.com/@GrainMarketsandOtherStuff/videos" rel="noopener noreferrer">YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌧️ Heavy rain is soaking the Corn Belt again, with parts of Minnesota and Wisconsin bracing for up to 10 inches through the weekend. Harvest delays and flooding are expected as fieldwork stalls across Iowa, Nebraska, South Dakota, Minnesota, and Wisconsin. 💰 The Fed hiked interest rates a quarter point to 3.75%-4.00%, its first increase in over three years. Energy prices from the US-Iran war and inflation at 3.4% are keeping pressure on for possibly another hike this year. 🌱 Soybeans ticked up ahead of US-China trade talks, with the Nov26 contract near $13.21 as traders eye stronger Chinese purchases. Corn slipped slightly to $5.34 on the Dec26 contract, while wheat finished modestly higher. ⛽ Russia looks set to extend its diesel export ban through October as Ukrainian drone strikes keep hammering refining capacity. US diesel prices hit a record $6.31/gallon as the global market feels the squeeze. 🌾 Black Sea attacks are forcing Russia to reroute wheat exports through pricier, less efficient Baltic and Far East channels. Despite the disruption, USDA still expects Russia to remain the world's top wheat exporter this year. 🏭 US ethanol production held steady at 1.099 million barrels per day, up 4.2% year-over-year. Stocks climbed to a 19-week high while margins across the Corn Belt stayed mostly positive.

US Harvest Delays?? + Trump HATES the Fed Rate Hike

Joe's Premium Subscription: <a href='https://standardgrain.com/'>www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href='https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095'>Apple Podcasts </a><a href='https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG'>Spotify</a> <a href='https://www.tiktok.com/@grainmarketsandotherstuf'>TikTok</a> <a href='https://www.youtube.com/@GrainMarketsandOtherStuff/videos'>YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌽 USDA cut its national corn yield to 178.5 bpa (from 180.7) and production to 15.8 billion bushels, close to expectations. 📉 Even so, it's still the second-largest corn crop on record, while corn ending stocks fell to 1.567 billion bushels (stocks-to-use below 10%) and global stocks hit a 12-year low; soybean yield ticked up to 52.8 bpa. 🔥 August CPI rose 0.4% month-over-month and 3.4% year-over-year, right in line with expectations, driven largely by a 3.9% jump in gasoline prices. 📈 Traders now see a nearly 90% chance of a Fed rate hike this week, up sharply from roughly 70% before the report. 💰 Friday's CFTC Commitment of Traders report showed funds net buying 13k corn and 22k soybean contracts, pushing both net longs to record highs (414k corn, 257k soybeans). 📊 Funds sold 10k SRW wheat contracts, but the combined corn/soybean/wheat fund net long hit a record 696k contracts. 🎲 Kalshi is eyeing an expansion into agricultural perpetual futures, aiming to give farmers and traders a new way to gain leveraged exposure to commodity prices. ⛽ The company is also pursuing an oil-linked perpetual tied to WTI crude, with contracts trading 23 hours a day, five days a week. 🌎 Corn export sales came in at 1.9mmt for the new marketing year, beating expectations with Mexico as the top buyer, while soybean sales jumped 35% week-over-week to 2.6mmt led by China. 🌾 Wheat sales hit a marketing-year low of 194,200mt, down 38% from the prior week, with the Philippines as the top buyer.

Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links — Apple Podcasts Spotify TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 🌽 USDA cut its national corn yield to 178.5 bpa (from 180.7) and production to 15.8 billion bushels, close to expectations. 📉 Even so, it's still the second-largest corn crop on record, while corn ending stocks fell to 1.567 billion bushels (stocks-to-use below 10%) and global stocks hit a 12-year low; soybean yield ticked up to 52.8 bpa. 🔥 August CPI rose 0.4% month-over-month and 3.4% year-over-year, right in line with expectations, driven largely by a 3.9% jump in gasoline prices. 📈 Traders now see a nearly 90% chance of a Fed rate hike this week, up sharply from roughly 70% before the report. 💰 Friday's CFTC Commitment of Traders report showed funds net buying 13k corn and 22k soybean contracts, pushing both net longs to record highs (414k corn, 257k soybeans). 📊 Funds sold 10k SRW wheat contracts, but the combined corn/soybean/wheat fund net long hit a record 696k contracts. 🎲 Kalshi is eyeing an expansion into agricultural perpetual futures, aiming to give farmers and traders a new way to gain leveraged exposure to commodity prices. ⛽ The company is also pursuing an oil-linked perpetual tied to WTI crude, with contracts trading 23 hours a day, five days a week. 🌎 Corn export sales came in at 1.9mmt for the new marketing year, beating expectations with Mexico as the top buyer, while soybean sales jumped 35% week-over-week to 2.6mmt led by China. 🌾 Wheat sales hit a marketing-year low of 194,200mt, down 38% from the prior week, with the Philippines as the top buyer.

Joe's Premium Subscription: <a href="https://standardgrain.com/" rel="noopener noreferrer">www.standardgrain.com</a> Grain Markets and Other Stuff Links — <a href="https://podcasts.apple.com/us/podcast/grain-markets-and-other-stuff/id1494161095" rel="noopener noreferrer">Apple Podcasts </a><a href="https://open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG" rel="noopener noreferrer">Spotify</a> <a href="https://www.tiktok.com/@grainmarketsandotherstuf" rel="noopener noreferrer">TikTok</a> <a href="https://www.youtube.com/@GrainMarketsandOtherStuff/videos" rel="noopener noreferrer">YouTube</a>Futures and options trading involves risk of loss and is not suitable for everyone.🌽 USDA cut its national corn yield to 178.5 bpa (from 180.7) and production to 15.8 billion bushels, close to expectations. 📉 Even so, it's still the second-largest corn crop on record, while corn ending stocks fell to 1.567 billion bushels (stocks-to-use below 10%) and global stocks hit a 12-year low; soybean yield ticked up to 52.8 bpa. 🔥 August CPI rose 0.4% month-over-month and 3.4% year-over-year, right in line with expectations, driven largely by a 3.9% jump in gasoline prices. 📈 Traders now see a nearly 90% chance of a Fed rate hike this week, up sharply from roughly 70% before the report. 💰 Friday's CFTC Commitment of Traders report showed funds net buying 13k corn and 22k soybean contracts, pushing both net longs to record highs (414k corn, 257k soybeans). 📊 Funds sold 10k SRW wheat contracts, but the combined corn/soybean/wheat fund net long hit a record 696k contracts. 🎲 Kalshi is eyeing an expansion into agricultural perpetual futures, aiming to give farmers and traders a new way to gain leveraged exposure to commodity prices. ⛽ The company is also pursuing an oil-linked perpetual tied to WTI crude, with contracts trading 23 hours a day, five days a week. 🌎 Corn export sales came in at 1.9mmt for the new marketing year, beating expectations with Mexico as the top buyer, while soybean sales jumped 35% week-over-week to 2.6mmt led by China. 🌾 Wheat sales hit a marketing-year low of 194,200mt, down 38% from the prior week, with the Philippines as the top buyer.

Funds are Record-Long Grains, But Rake Hikes are Coming

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

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

Is African Swine Fever Back?

Morning Audio 3/24/21

Morning Audio 3/23/21

Morning Audio 3/22/21

Morning Audio 3/19/21

Morning Audio 3/18/21

China Buys MORE Corn

Morning Audio 3/17/21

Correction: Nasdaq did NOT post all-time highs yesterday. Futures and options trading involves risk of loss and is not suitable for everyone.

Correction: Nasdaq did NOT post all-time highs yesterday. Futures and options trading involves risk of loss and is not suitable for everyone.

Morning Audio 3/16/21

Morning Audio 3/15/21

Joe Vaclavik and Mackenzie Johnston discuss the grain markets, the business of farming, news related to agriculture, and a variety of other topics.

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Joe Vaclavik and Mackenzie Johnston discuss the grain markets, the business of farming, news related to agriculture, and a variety of other topics.

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