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0:00 More Cash 4 Farmers
5:11 USDA Report
9:44 Heavy Rains
11:00 Russia Wheat Update
11:47 Strong Grain Shipments
Trump Administration Considers Financial Aid Package for Farmers Amid Trade War π¦πΎ
The Trump administration is preparing a financial aid package for farmers as reciprocal tariffs are set to be imposed on all U.S. trading partners tomorrow. This move is expected to trigger retaliatory tariffs that could severely impact U.S. agriculture. The new aid package could be larger than the $23 billion bailout from the 2018 trade war with China. In that previous conflict, U.S. agriculture suffered a $27 billion loss in exports. The current situation with tariffs targeting multiple countries could result in a higher cost for the aid package. ππΈ
US Farmers Set to Plant Most Corn Acres in 12 Years π½π
The USDA's Prospective Plantings report shows that U.S. farmers intend to plant the highest number of corn acres in 12 years, with an estimated 95.3 million acresβup 5% from last season. Soybean plantings are projected at 83.5 million acres, marking a 4% decline from last year, while wheat plantings are forecast at 45.4 million acres, down nearly 2%. The USDA's quarterly grain stocks report revealed a decrease in U.S. corn stocks, but an increase in soybean and wheat stocks compared to the previous year. πΎπ±
Heavy Rains Expected Across Central US π§οΈπΎ
Heavy rainfall is predicted to impact areas from eastern Texas through Ohio, with some regions potentially receiving up to 15 inches of rain over the next 10 days. The excessive rainfall could cause flooding and delay the planting of corn and soybeans in affected areas. Farmers in the wettest regions typically aim to plant early corn by today, so the heavy rains could hinder their ability to do so. π§οΈπ
Russia's Wheat Crop Forecast Revised Down ππΎ
Russia's wheat crop forecast for 2025/2026 has been lowered to 80.3 million metric tons, down from the November estimate of 81.5 million metric tons. Dry conditions earlier in the season, particularly for spring wheat, have negatively impacted crop prospects. However, recent improvements in winter wheat conditions and expected rain could provide some relief to the crop. π§οΈπΎ
US Corn Shipments Strong, Soybean Shipments Surge π¦π½
U.S. corn shipments exceeded expectations last week, with 1.6 million metric tons (64 million bushels) inspected for export. This represents a 5% increase compared to the previous week and a 9.7% rise from the same week last year. Soybean shipments also surpassed expectations at 793,250 metric tons (29 million bushels), up 54% from the same week last year. Wheat shipments, though down from the previous week, were still close to expectations. π¦πΎ
4.9
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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.
0:00 More Cash 4 Farmers
5:11 USDA Report
9:44 Heavy Rains
11:00 Russia Wheat Update
11:47 Strong Grain Shipments
Trump Administration Considers Financial Aid Package for Farmers Amid Trade War π¦πΎ
The Trump administration is preparing a financial aid package for farmers as reciprocal tariffs are set to be imposed on all U.S. trading partners tomorrow. This move is expected to trigger retaliatory tariffs that could severely impact U.S. agriculture. The new aid package could be larger than the $23 billion bailout from the 2018 trade war with China. In that previous conflict, U.S. agriculture suffered a $27 billion loss in exports. The current situation with tariffs targeting multiple countries could result in a higher cost for the aid package. ππΈ
US Farmers Set to Plant Most Corn Acres in 12 Years π½π
The USDA's Prospective Plantings report shows that U.S. farmers intend to plant the highest number of corn acres in 12 years, with an estimated 95.3 million acresβup 5% from last season. Soybean plantings are projected at 83.5 million acres, marking a 4% decline from last year, while wheat plantings are forecast at 45.4 million acres, down nearly 2%. The USDA's quarterly grain stocks report revealed a decrease in U.S. corn stocks, but an increase in soybean and wheat stocks compared to the previous year. πΎπ±
Heavy Rains Expected Across Central US π§οΈπΎ
Heavy rainfall is predicted to impact areas from eastern Texas through Ohio, with some regions potentially receiving up to 15 inches of rain over the next 10 days. The excessive rainfall could cause flooding and delay the planting of corn and soybeans in affected areas. Farmers in the wettest regions typically aim to plant early corn by today, so the heavy rains could hinder their ability to do so. π§οΈπ
Russia's Wheat Crop Forecast Revised Down ππΎ
Russia's wheat crop forecast for 2025/2026 has been lowered to 80.3 million metric tons, down from the November estimate of 81.5 million metric tons. Dry conditions earlier in the season, particularly for spring wheat, have negatively impacted crop prospects. However, recent improvements in winter wheat conditions and expected rain could provide some relief to the crop. π§οΈπΎ
US Corn Shipments Strong, Soybean Shipments Surge π¦π½
U.S. corn shipments exceeded expectations last week, with 1.6 million metric tons (64 million bushels) inspected for export. This represents a 5% increase compared to the previous week and a 9.7% rise from the same week last year. Soybean shipments also surpassed expectations at 793,250 metric tons (29 million bushels), up 54% from the same week last year. Wheat shipments, though down from the previous week, were still close to expectations. π¦πΎ
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