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 Wednesday's Rally
4:00 Mexico Tariff Comments
6:41 Lutnick Comments
7:56 Russia Wheat Situation
9:02 Fed Holds Rates Steady

Corn and Soybean Futures Surge 🌾
Corn and soybean futures saw a strong rally on Wednesday, with corn reaching a 7-month high at $4.97. 🌽 The tightening U.S. supply-demand situation continues to support these markets, and wheat futures also gained. 📈

Mexico Prepared for Potential Tariffs 🇲🇽
Mexican President Claudia Sheinbaum isn’t expecting immediate tariffs but has a plan in place if they are implemented. 🚨 A potential trade war could impact the $800 billion annual trade between the U.S. and Mexico, with Mexico being the top buyer of U.S. corn this year. 🌽

Trump’s Commerce Secretary on Tariffs 💼
President Trump's nominee for Commerce Secretary emphasized that tariffs could be avoided if Mexico and Canada curb fentanyl flows. He also discussed potential restrictions on China’s access to technology due to recent AI developments. ⚖️

Russian Grain Exports Expected to Decline 🌾
Russia’s grain exports are projected to drop significantly this season, falling to 57mmt from 72mmt last year, due to extreme weather conditions. 🌧️ Despite this, 82% of the country's grain crop is reportedly in good condition. 🌾

Fed Holds Interest Rates Steady 💵
The Federal Reserve kept interest rates steady, noting that inflation remains high and the job market is solid. President Trump criticized the Fed for allowing inflation to rise and promised to stabilize prices through energy production and better trade deals. 📉

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.

Federal Funding Freeze Temporarily Blocked
A federal judge has temporarily blocked President Trump’s funding freeze, which would affect various programs like the Inflation Reduction Act. 🛑 Programs supporting Americans, like Medicare and food stamps, are safe, but the freeze may impact the 45Z tax credit and biofuels. 💰

Corn Futures Near Recent Highs
Corn futures are just below recent highs, with tightening U.S. supply and strong demand driving prices. 🌽 Farmers in Brazil have planted only a small portion of their second corn crop. 📈

Tariff Threats Boost Dollar
The U.S. dollar gained strength following renewed tariff threats from President Trump. 💵 Trump is considering tariffs on imports like computer chips and steel, which is pushing the dollar higher. 📊

Contaminated Soybean Meal Found in Brazil
Sand was discovered in Brazilian soybean meal at the Port of Paranaguá, leading to rejections of contaminated shipments. 🌾 This comes as China halts shipments from five Brazilian companies. 🚫

Flash Sale of U.S. Corn to South Korea
U.S. corn exports saw a strong flash sale to South Korea, with competitive pricing likely to boost further sales. 🌽 Global demand for U.S. corn remains strong as Brazil’s larger crop is still in the works. 🌍

Federal Reserve Expected to Hold Rates
The Federal Reserve is anticipated to keep interest rates unchanged today, despite Trump’s calls for rate cuts. 💵 The decision comes as the Fed continues to assess inflation trends amid Trump’s economic policies. 📉

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.

Tariff Uncertainty Continues
President Trump’s tariff plans remain unclear, with reports suggesting a gradual increase starting at 2.5%. 🌎 Meanwhile, Canada is preparing for potential tariffs on U.S. goods, with some politicians pushing for a united global response. 🇨🇦

Brazil’s Soybean Crop Update
Brazil's soybean crop forecast has been slightly reduced, and the slow harvest is affecting the second corn crop. 🌱

Russian Wheat Prices Rise
Russian wheat prices rose due to a limited supply. 🌾

U.S. Export Trends
U.S. corn exports showed strength last week, but soybean shipments fell short of expectations. 🌽 Soybean shipments were down 26%, while wheat exports exceeded expectations. 📉

JBS Enters the Egg Market
JBS has entered the egg market, acquiring a stake in South America's top producer. 🥚

U.S. Corn Exports to Mexico
The U.S. exported corn to Mexico, continuing trade despite tariff threats. 🌽