Grain Markets and Other Stuff

Mixed Messaging: Is the US Talking to China? + US Weather


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

0:00 Mixed Messaging
3:13 Japan and South Korea Talks
4:06 US Weather and Rains
8:06 Fund Positions
9:21 Panama Canal
10:44 Another Screwworm/Cattle Headline
11:54 Flash Sale

πŸ‡ΊπŸ‡ΈπŸŒŽ Trade Talks...or No Talks? πŸ‡¨πŸ‡³β“

Big moves (and some big confusion) on the global trade front! President Trump says China wants a deal, but Beijing denies any talks πŸ€”. Treasury Secretary Scott Bessent isn't sure if Trump spoke to Xi Jinping directly, though USDA's Brooke Rollins says daily tariff conversations are happening πŸ“ž. Meanwhile, soybean futures are feeling the pressure early this morning πŸŒ±πŸ“‰.

πŸ—ΊοΈ Weekend Trade Updates:
βœ… Productive talks with Japan and South Korea
βœ… New focus on currency policy with South Korea
βœ… More rain on the way for the US Corn Belt β˜”β€”see maps below!

πŸ“Š Fund Tracker Highlights:

Funds net buyers of soybeans for a 4th week! πŸš€
Largest net-long soybean position since February!
Funds sold corn but bought some SRW wheat 🌽🌾.

🚒 Trump's Shipping Push:

Demanding free US passage through the Panama and Suez Canals! 🌍
Reviving US shipbuilding as China tensions rise πŸ”₯.

πŸ‚ Border Watch:

USDA threatens new cattle import restrictions from Mexico. πŸ„πŸš«
Screwworm outbreak growsβ€”action deadline looms April 30!

🌽 Flash Corn Sale:

235,000mt sold to Mexico! πŸ‡²πŸ‡½
US remains the top corn supplier with Brazil out of the game (for now). ⚑

πŸ‘‡ Stay tuned, like & subscribe for the latest on trade, markets, and agriculture!
Let's talk about it in the comments! πŸ’¬πŸ‘‡

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Grain Markets and Other StuffBy Joe Vaclavik

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