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🔥 FUND MOVES, HEAT WAVES & TRADE TALK! 🌽🌡️📉

Here's what you need to know this week in grains, weather, and global trade! 👇

📊 🧠 Fund Flows:
“The Funds” slightly reduced their net short position in the corn market last week. CFTC data showed:
Net sellers of just 181 corn contracts 📉
Heavy net sellers of 34,000 soybean contracts 😬
Largest soybean short since April 🫘
Sold 13,000 SRW wheat contracts 🌾

🌞 🔥 Heat Building in the Corn Belt:
Our friends at CropProphet see above-normal temps on the way:
📅 7-day: +2°F above normal
📅 8–14 day: +3.8°F above normal
🌧️ Slightly below-normal rainfall

🤝 US-China Trade Talks Back On?
Treasury Sec. Scott Bessent says he’s “optimistic” about a deal ✍️
🇺🇸🇨🇳 Officials met in Stockholm last week
🗓️ Deadline: August 12
👉 But so far, new crop US soybean sales are the worst since 2005... zero Chinese purchases 😳

🌎 China Buys Argentine Meal Again
China booked another 30,000mt of Argentine soybean meal 🇦🇷
That’s the 3rd deal since June after years of no activity
💰 Why? Cheaper prices thanks to lower Argentine export taxes (from 31% → 24.5%)

🚢 Wheat Export Slowdown
Russia, Ukraine, and the EU — who make up nearly 50% of global wheat exports — are off to a slow start:
Russian exports down 30% YoY 📉
Ukraine shipping just 1/3 of last year’s volume
Spot prices at Black Sea ports +8% in July
📉 All 3 US wheat futures contracts just hit life-of-contract lows

🌽 Flash Sales!
USDA reported two corn flash sales Friday:
352,160mt (14 million bushels) to unknown destinations for 25/26


📉 Stock Market Slump
Markets tumbled Friday after weak job data:
Dow -1.2%
S&P -1.6%
Nasdaq -2.2%
👎 Only 73,000 jobs added vs. 100k expected
👀 Fed rate cut odds for September just went up
🧨 Trump tariffs also added pressure

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