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Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Soybean/Corn Price Action and Trump
5:24 US Weather
8:45 Cattle Prices Surge
11:46 Export Sales
14:19 Trade Deficit
16:37Jobless Claims
๐ฑ Soybeans Climb on Trade Hope
Soybean futures popped on Thursday! ๐ The July25 contract gained nearly 7ยข, settling near $10.52 after a phone call between President Trump and President Xi reignited optimism around US-China trade talks. ๐ค A face-to-face meeting could be next!
๐พ Grains Mixed on Geopolitics
Chicago wheat added 2ยข ๐ amid rising Ukraine-Russia tensions, while corn futures ticked higher ๐ but were capped by sluggish US export demand.
๐ฅ Drought Monitor Update
The Corn Belt stayed mostly dry last week, worsening drought in IA, IL, MO & WI. ๐ต But only 10% of the region remains in droughtโdown from 32% earlier this year! The High Plains got relief thanks to widespread rains. โ
๐ Current Drought Impact:
โข Corn: 21%
โข Soybeans: 16%
โข Winter Wheat: 12%
โข Spring Wheat: 19%
โข Cattle: 21%
๐ฎ Cattle Prices Hit Record Highs!
Feeder & live cattle contracts soared to new records! ๐ Front-month live cattle jumped $4.50 to $222.90, while feeders surged $5.28 to $309.15. Strong fat cattle prices, tight supplies & current feedlots = ๐ฅ fundamentals.
๐ข US Export Sales Recap
โข ๐ฝ Corn: 37M bu โ Up 3% W/W, Mexico top buyer
โข ๐ฑ Soybeans: 7M bu โ Up 33% W/W, Bangladesh top buyer
โข ๐พ Wheat (25/26): 16M bu โ Down 37% W/W, unknown buyers dominate
๐ Record Drop in US Trade Deficit
The US trade gap fell by a record $76.7B in April, landing at $61.6B. ๐ Imports plunged 16.3% while exports rose 3% as businesses braced for tariffs. Biggest deficit drops came vs. China, the EU, and Vietnam. ๐
๐ Jobless Claims Rise Again
Initial jobless claims rose to 247Kโhighest since October. ๐ Continued claims dipped slightly but still sit above 2024 levels. Slowing hiring, trade anxiety, and lower consumer demand = labor market stress. ๐ฌ
Donโt forget to like & subscribe for real-time grain market updates! ๐๐ฌ
4.9
293293 ratings
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 Soybean/Corn Price Action and Trump
5:24 US Weather
8:45 Cattle Prices Surge
11:46 Export Sales
14:19 Trade Deficit
16:37Jobless Claims
๐ฑ Soybeans Climb on Trade Hope
Soybean futures popped on Thursday! ๐ The July25 contract gained nearly 7ยข, settling near $10.52 after a phone call between President Trump and President Xi reignited optimism around US-China trade talks. ๐ค A face-to-face meeting could be next!
๐พ Grains Mixed on Geopolitics
Chicago wheat added 2ยข ๐ amid rising Ukraine-Russia tensions, while corn futures ticked higher ๐ but were capped by sluggish US export demand.
๐ฅ Drought Monitor Update
The Corn Belt stayed mostly dry last week, worsening drought in IA, IL, MO & WI. ๐ต But only 10% of the region remains in droughtโdown from 32% earlier this year! The High Plains got relief thanks to widespread rains. โ
๐ Current Drought Impact:
โข Corn: 21%
โข Soybeans: 16%
โข Winter Wheat: 12%
โข Spring Wheat: 19%
โข Cattle: 21%
๐ฎ Cattle Prices Hit Record Highs!
Feeder & live cattle contracts soared to new records! ๐ Front-month live cattle jumped $4.50 to $222.90, while feeders surged $5.28 to $309.15. Strong fat cattle prices, tight supplies & current feedlots = ๐ฅ fundamentals.
๐ข US Export Sales Recap
โข ๐ฝ Corn: 37M bu โ Up 3% W/W, Mexico top buyer
โข ๐ฑ Soybeans: 7M bu โ Up 33% W/W, Bangladesh top buyer
โข ๐พ Wheat (25/26): 16M bu โ Down 37% W/W, unknown buyers dominate
๐ Record Drop in US Trade Deficit
The US trade gap fell by a record $76.7B in April, landing at $61.6B. ๐ Imports plunged 16.3% while exports rose 3% as businesses braced for tariffs. Biggest deficit drops came vs. China, the EU, and Vietnam. ๐
๐ Jobless Claims Rise Again
Initial jobless claims rose to 247Kโhighest since October. ๐ Continued claims dipped slightly but still sit above 2024 levels. Slowing hiring, trade anxiety, and lower consumer demand = labor market stress. ๐ฌ
Donโt forget to like & subscribe for real-time grain market updates! ๐๐ฌ
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