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.

USDA Keeps Corn and Soybean Balance Sheets Unchanged 📊🌽
The USDA left its corn and soybean balance sheets unchanged, despite expectations for reductions in corn ending stocks due to strong export demand. Soybean stock estimates were also left the same, though some analysts had hoped for a slight decrease. The USDA refrained from making any changes as they await developments regarding US tariffs and global reactions. The wheat balance sheet saw a minor adjustment, with stock levels rising more than expected. Markets responded negatively, driven by lower-than-expected demand estimates for corn and increased wheat inventories. 🌾

President Trump Softens Tariff Threat Against Canada 🇨🇦📉
After a conversation between Ontario’s Premier and US Commerce Secretary Howard Lutnick, President Trump decided to scale back his initial threat of doubling tariffs on Canadian steel and aluminum. The pause on Ontario’s 25% electricity tax led to the reversal, with Trump sticking to a 25% tariff on Canadian metals instead. This came alongside Trump’s assertion that the US economy will experience a strong boom rather than a recession, despite ongoing tariff tensions. 💼

Soybean Production in Rio Grande do Sul Drops 📉
The soybean outlook in Rio Grande do Sul, Brazil’s key soybean-producing state, has worsened. Local crop agency Emater reported a 30% reduction in the state’s crop estimate due to prolonged hot and dry conditions. However, Brazil’s national crop agency, Conab, still projects a record-high national soybean crop of 166mmt, despite these regional reductions. 🌱

Russian Missile Attack in Odesa Hits Grain Vessel ⚔️🌾
A Russian missile struck the Black Sea port of Odesa, damaging a grain vessel and killing four crew members and a port employee. The attack occurred while the vessel was loading wheat destined for Algeria. Both Russia and Ukraine have intensified their military actions, while the Trump administration continues to push for peace talks. 🚢💥

Stock Market Losses Extend Amid Tariff Uncertainty 📉💰
The stock market saw further losses on Tuesday, primarily due to concerns about President Trump’s tariff threats against Canada. The S&P 500 dropped 0.8%, entering correction territory, while the Dow Jones lost 1.1% and the Nasdaq fell by 0.2%. The volatility was fueled by shifting trade policy decisions and unsettled consumer confidence. Investors are awaiting the February CPI report, with projections indicating a slight decrease in inflation compared to January. 📉📊