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Back to EpisodesWorst Soybean Sales in 20 Years + Joe/Matt Corn Yield Bet
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0:00 Corn Yield Bet
3:31 Export Sales
10:41 Flash Sales
11:50 Wet July
15:26 Cattle Selloff
20:11 US Dollar Rally
π― US Export Sales Slide While New Crop Corn Surges π | Drought Relief & Cattle Market Shakeup π½π₯
π Grains in Motion!
US corn export sales dropped 47% from last week, landing at just 340,900mt (13 mil bushels). But donβt panicβnew crop corn crushed expectations with 1.9mmt (74 mil bushels) in sales! π
π± Soybean bulls got a boost too! Net sales hit 349,200mt, exceeding estimates and climbing from last week. New crop beans came in strong at 429,500mt (16 mil bushels).
πΎ Wheat took a step backβ592,100mt in sales, down 17%, but still matching the 4-week average.
π¨ Flash Sales Frenzy!
The USDA reported a wave of flash sales Thursday:
π¨π΄ 100k mt corn to Colombia
π°π· 140k mt corn to South Korea
β 136k mt corn to unknown destinations
π³π¬ 100k mt of hard red winter wheat to Nigeria
π¦ All for 2025/26 delivery!
π§οΈ Corn Belt Drought Fades
The latest USDA Drought Monitor brought good news:
β
Conditions improved in MN, IA, IL & IN
π Drought in the Corn Belt is now at just 2.4%βdown from 32% earlier this year!
π National Drought Stats:
β’ Corn: 7% π½
β’ Soybeans: 5% π±
β’ Winter Wheat: 30% βοΈ
β’ Spring Wheat: 38% πΎ
β’ Cattle: 14% π
π Cattle Collapse or Just a Blip?
π After new all-time highs, cattle futures got clobbered Thursdayβfeeder contracts hit limit down π
Some fear the top is in, but remember: this market has bounced back before. With tight supplies & strong beef demand, fundamentals still look solid πͺ
π΅ Dollar Roars in July
The US Dollar Index posted a 5% gain in Julyβits best month since Dec 2024! πΉ
β
Resilient economy
β
Hawkish Fed
β
Easing trade tensions
But beware: tariffs & political pressure could shake things up soon...
π Like, subscribe & comment your take on export trends, cattle futures, or the dollarβs next move!
#Corn #Soybeans #Wheat #Cattle #USDollar #DroughtUpdate #USDA #AgMarkets #GrainMarketing #FarmNews π½ππ