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Corn Futures Pop! Best Rally in 2 Months on China Rumors

Published 10ย months ago
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Futures and options trading involves risk of loss and is not suitable for everyone.

๐ŸŒฝ๐Ÿ“ˆ Corn & Soybean Futures Rally
Corn and soybean futures ended Friday on a strong note! The Dec25 corn contract jumped about 10 cents to $4.20/buโ€”its best daily move since early Julyโ€”while Nov25 soybeans gained 7 cents to $10.55/bu. Traders cited strong global demand, disease worries in the Corn Belt (tar spot & southern rust), and fresh chatter about Chinese buying. ๐ŸŒ๐Ÿ‡จ๐Ÿ‡ณ

๐ŸŒก๏ธโ„๏ธ Weather Watch
Frost risk later this week in Minnesota & Wisconsin ๐ŸŒฌ๏ธ๐Ÿฅถ
Overnight GFS points to lows in the mid-30s Thursday & Saturday
August went down as one of the driest in 133 years for parts of OH, KY, IN, IL, MO & TN. ๐ŸŒพโ˜€๏ธ

๐Ÿ“œโš–๏ธ Tariffs & Trade
A federal appeals court struck down a large chunk of Trumpโ€™s tariffs, ruling he overstepped authority under IEEPA. The decision could force repayment of billions in duties and calls into question past trade deals. Appeals are already in motion, with a Supreme Court fight likely. ๐Ÿ‡บ๐Ÿ‡ธโš–๏ธ

Meanwhile, Chinaโ€™s envoy Li Chenggang met with US officials in DC. No details released, but China is boosting soybean imports from Argentina & Uruguayโ€”still no official new-crop US purchases. ๐Ÿšข๐ŸŒŽ

๐Ÿšœ๐Ÿ’ฐ Farm Progress Show Recap
Farmers are under pressure: weak markets, rising input costs, sluggish soybean exports. Corn export sales remain solid, but soybeans lag badly without Chinese demand. Fertilizer & equipment costs continue to squeeze margins. Josh Linville joins todayโ€™s premium video to break down fertilizer prices. ๐ŸŒฑ๐Ÿ’ธ

๐Ÿ“Š๐Ÿ“‰ Fund Flows (CFTC Data)
Funds bought 4k corn, 21k soybeans & 17k SRW wheat contracts
Net long in soybeans now largest since late June ๐ŸŒŸ

๐Ÿ‡ง๐Ÿ‡ท๐ŸŒฝ Brazil Crop Update
AgRural reports 7% of first-crop corn was planted as of last Thursday, up 4% from the prior week. USDA projects 131 mmt this season. Hot & dry weather is still a factor, but rains are forecast next week to aid planting. ๐ŸŒฆ๏ธ

โœ… Donโ€™t forget to like ๐Ÿ‘, subscribe ๐Ÿ””, and drop your thoughts in the comments!
Staying informed keeps you ahead of the markets. ๐Ÿ“Š๐ŸŒŽ

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