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0:00 What Will Taiwan Buy?
3:20 Grain Stocks Report Today
4:33 Harvest Update
8:24 Soybean Shipment Problem
10:25 Better Demand for Russian Wheat
11:40 Flash Sales

🌎 Welcome back! Today’s focus: US–Taiwan trade talks, USDA’s Grain Stocks report, and fresh updates on harvest & exports.

🇹🇼 US–Taiwan Trade Spotlight
USDA’s Luke Lindberg is in Taiwan this week for trade negotiations.
Meetings include the Agribusiness Trade Mission and a roundtable with US ag reps.
Taiwan is the 8th largest market for US ag exports; the US is its top supplier.
Taiwan committed to $6.4B in US corn & soybeans over 4 years and $10B in total ag buys—but this is only in line with past purchases (~$3.8B last year).
Current tariffs on Taiwanese exports to the US sit at 20%.

📊 Grain Stocks Report (Sept 1)
Corn stocks are expected to be down 24% YoY.
Soybean stocks are estimated to be down 5.6%.
Wheat stocks seen up 2.6%.
Traders eye discrepancies between pre-report estimates and USDA’s prior carryout numbers.

🌽 Crop Progress & Conditions
Corn: 66% good-to-excellent (best since 2018), 18% harvested (avg: 19%).
Soybeans: 62% good-to-excellent, 19% harvested (avg: 20%).
Winter Wheat: 34% planted (avg: 36%), the slowest pace since 2016.

🚢 US Export Inspections
Corn: 1.5mmt (60M bu) → +10% WoW, +33% YoY.
Soybeans: 594k mt (22M bu) → +5% WoW, -13% YoY.
Wheat: 739k mt (27M bu) → -21% WoW, +34% YoY.

🌾 Global Wheat Watch
Russian wheat export prices rising for 2nd week.
Exports down 29% YoY (Jul–Sep).
Harvest nearly complete at ~87mmt. Forecast trimmed to 43.4mmt exports.

📢 Flash Sales
135,660mt corn → Mexico.
110,668mt corn → Unknown (2025/26 delivery).