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0:00 Election and Grain Markets
3:04 SD Voters Shoot Down Pipeline
4:34 US Dollar / Bitcoin
8:06 Stock Market / Fed
9:34 Ethanol Production

Here's the latest update on the agricultural landscape and market reactions following Donald Trump's return to the presidency! 🇺🇸📈

🌾 Uncertainty in Agricultural Trade
With Donald Trump back in the White House, concerns about a potential trade war with China are causing volatility in the grain markets. Initially, markets plummeted early Wednesday but managed to recover later in the day. During Trump's first term, U.S. soybean shipments to China dropped by approximately 79% due to tariffs imposed on Chinese goods. Trump has recently proposed new tariffs, including a 10% to 20% tariff on all imports and a 60% tariff on Chinese goods. Despite these concerns, a majority of farmers support Trump, hoping for a change to address high input costs, low prices, and increasing equipment expenses.

🏞️ South Dakota Repeals Carbon Pipeline Law
South Dakota voters have decided to repeal Referred Law 21, which regulated how counties managed carbon pipelines. Approximately 60% of the population supported the repeal. This decision is a setback for Summit Carbon Solutions, which planned to construct a pipeline across the state. Summit plans to reapply for a permit in South Dakota later this month, but the repeal complicates the approval process.

💵 Market Reactions Post-Election
Trump's victory led to a surge in the dollar index, which rose 1.7% to 105.09, marking its highest level since early July. This increase is attributed to expectations around Trump's policies related to immigration, taxes, and tariffs.

Bitcoin also experienced impressive gains, surpassing $75,000 and setting a new all-time high, driven by optimism regarding economic policies.
The stock market reacted positively, with all three major indexes hitting record highs:
Dow Jones: +3.6%
S&P 500: +2.5%
Nasdaq: +3%
U.S. Treasury yields surged, with the 10-year yield rising to a four-month high of 4.479%. The VIX, which measures market volatility, fell to a six-week low of 16.27.

📊 Ethanol Production Continues to Rise
U.S. ethanol production increased for the sixth consecutive week, reaching 1.1 million barrels per day, up 2.1% week-on-week and 5% year-over-year.
Ethanol stocks were reported at 22.02 million barrels, reflecting a 1.1% increase compared to the previous week and a 4.8% increase from last year.
Implied gasoline demand fell by 3.6% compared to the previous week but was up 1.5% compared to the same week last year.

Conclusion
The agricultural sector is navigating a complex landscape following the election, with potential trade implications and changing policies that could significantly impact farmers and markets. As developments unfold, staying informed will be crucial for stakeholders in the agricultural and financial sectors! 🌾📉