Corn Reverses to the Upside: Possible Targets??

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0:00 Corn Reversal
2:31 Corn/Soybean Ratings are Strong
6:06 More Corn Belt Rain
8:57 Brazil Corn Update
10:30 Grain Shipments
11:27 Bitcoin

🌽 Corn Pops Higher!
Corn futures posted an upside reversal on Monday! 📈 The Dec25 contract hit new life-of-contract lows before rallying nearly 6 cents. Short covering and bargain buying helped lift the market—but gains were limited by favorable weather and expectations for a record-large crop. Traders remain cautious as President Trump steps up tariff threats.

🌱 Crop Conditions Remain Strong 💪
✅ US corn: 74% good-to-excellent—best for the week since 2016!
✅ US soybeans: 70% good-to-excellent—also second best in a decade!
Only 5% of each crop is rated poor to very poor. That’s bullish for yield potential!

🌾 Wheat Update 🚜
🌱 Spring wheat: 54% good-to-excellent (up from 50% last week).
🧊 Winter wheat harvest: 63% complete, still running slightly behind average and much slower than last year.

🌧️ Rain Returns + Heat on Deck ☀️
The Corn Belt is wet again this week with widespread rainfall expected in the 5-day and 5-10 day windows. 🌦️
⚠️ But look out! CropProphet says the 8–14 day outlook shows temps averaging +4.3°F above normal.
🔥 Heat could return as a key market factor.

🇧🇷 Brazil’s Harvest Lagging 🐢
Brazil’s second-crop corn harvest is just 40% complete—way behind last year’s 74% pace. Despite delays, both USDA and Conab still forecast a record-large 132mmt crop.
📉 Largest weekly harvest gain so far this season—but still playing catch-up.

🚢 Exports Sluggish 📦
👀 Corn: 1.3mmt inspected last week (down 18% WoW).
🥜 Soybeans: Weak at just 147,045mt (down 63% WoW).
🌾 Wheat: Better, near top end of expectations at 439,533mt.

₿ Bitcoin Blasts Higher! 🚀
Bitcoin surged 3.4% on Monday to hit a new all-time high of $123,205 💰 before cooling off.
🧠 "Crypto Week" is here—Congress debates 3 major crypto bills.
💸 $2.7B flowed into Bitcoin ETFs last week—fifth-best inflow on record.
📈 Year-to-date: +30%. After doubling in 2024, BTC is still running hot.

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#Corn #Soybeans #Wheat #Bitcoin #GrainMarkets #Crypto #Weather #Farming #Commodities #Agriculture 🌽🧑‍🌾📊