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0:00 Soybean Rally
1:18 EPA and Bean Oil Selloff
3:36 Kansas Wheat Tour
6:28 Russia Wheat Update
8:14 Tyson CEO and Cattle
11:22 Ethanol Production

🌱 Soybeans Rally Again!
Soybean futures climbed for the fifth straight day on Wednesday! 📈 The July25 contract edged up near $10.78/bu, fueled by:
🔹 A 90-day tariff truce between 🇺🇸 and 🇨🇳
🔹 A House proposal to extend the 45Z tax credit
🔹 Hopes for renewed Phase One-style trade with China

But... 🌧️ storm clouds rolled in Thursday morning with lower prices amid EPA uncertainty and crashing crude. Full story below 👇

⚙️ EPA & Renewable Fuel Standard
EPA Chief Lee Zeldin 🏛️ says new RVOs are coming soon!
🔸 Final rule expected in months
🔸 Public comment period ahead
🔸 Push for higher volume levels already underway

Still, soybean oil futures are diving this morning 💥, possibly due to RVO delays and weak crude oil prices.

🌾 Wheat Tour Surprises
Kansas wheat tour is off to a strong start! 🌾
📍 Northern KS: 50.5 bpa (above 5-yr avg)
📍 SW Kansas: 53.3 bpa 😲
USDA now rates 48% of Kansas wheat as good to excellent vs. 31% on average. But issues like drought and wheat streak mosaic still linger.

❄️ Russian Crop Weather Update
Minimal damage from May frosts ❄️
📉 Only 247K acres affected (10% of last year’s loss)
But dry soils now pose the biggest risk. 🌵

🥩 Cattle Market Tension
Tyson says herd rebuilding has started. 🐄
…but challenges remain:
⚠️ Drought
⚠️ High prices
⚠️ Limited capital
Tyson reported a $149M beef loss last week. Live Cattle futures just posted a downside key reversal 📉

🚜 Ethanol Production Slips
🔻 Weekly output: 1 million bpd (down 2.6% WoW)
📈 Stocks: 25.45 million barrels (still high historically)
Margins are improving in the eastern Corn Belt 💵 — see full ethanol charts below!

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