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 Non-Drought and Illinois Rain
6:36 USDA Preview
14:50 Export Sales
17:42 CONAB
20:21 USDA Secretary Mackenzie
24:07 Flash Sale
🌾 USDA Report Today
USDA will release its monthly Crop Production & WASDE report at 11:00am CST.
📉 July rarely brings yield changes, so traders will focus on demand.
Corn export pace could lead to higher old-crop exports—but lower feed demand might offset it.
🌍 Global balance sheet adjustments also likely.
🌧️ Drought Monitor Update
Rain helped drought in western Missouri, southwest Iowa & northern Minnesota.
🌾 But conditions worsened in central/northern Illinois & Michigan.
⚠️ New drought concerns in western Ohio, southern Indiana & northern Kentucky.
High Plains: Nebraska improved, but drought deepened in northeast North Dakota, central South Dakota, & western Kansas. US areas in drought:
🌽 Corn 12% | 🌱 Soybeans 9% | 🌾 Winter Wheat 26% | 🌱 Spring Wheat 35% | 🐄 Cattle 16%
📈 Export Sales Strong
Corn sales surged to 1.3mmt (50mil bu), 70% above the 4-week average—Mexico led buying.
Soybeans at 503,000mt (18mil bu), up 9% w/w; unknown destinations were top buyers.
Wheat at 567,800mt (21mil bu), slightly down w/w but 37% above the 4-week average; South Korea led demand.
🇧🇷 Brazil Corn Crop Record
Conab forecasts corn at 132mmt—up 2.9% from last month & 14.3% higher than last season.
🌽 Boost driven by a strong second crop (+16%).
Corn exports raised to 36mmt (+6%).
Slight cut to soybean forecast: now 169.5mmt, still up 14.7% vs last season.
🐄 Feeder Cattle Imports Halted
USDA suspended Mexican feeder cattle imports after a new screwworm case, just 370 miles south of the border.
🇲🇽 Mexican President Sheinbaum called it an overreaction.
Imports had resumed only Monday at an Arizona port after a May closure.
YTD imports through April were 193,000 head, down ~60% from last year.
🚢 Flash Corn Sale
US exporters sold 110,000mt of corn to unknown destinations for 2025/26.
🌽 New crop corn sales are off to a strong start—the third best since 2020/21.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.