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Corn/Soybeans GAP Higher to Start the Week + Russia/Ukraine Export Disruption Update

Published 1Β month ago
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Joe's Premium Subscription: www.standardgrain.com

Grain Markets and Other Stuff Links β€”

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Futures and options trading involves risk of loss and is not suitable for everyone.

πŸŒΎβš”οΈ Black Sea Grain War Escalates β€” Ukraine's strikes on Russian shipping and Russia's relentless attacks on Ukrainian ports have wiped out roughly a third of Ukraine's Black Sea export capacity. Wheat futures are exploding higher, with a deadly strike on a corn-carrying cargo ship near Odesa adding fuel to the fire. πŸ“ˆπŸš’

πŸ‡¨πŸ‡³πŸŒ± China Keeps Buying US Beans β€” The USDA confirmed fresh flash sales Friday, including 340,000mt to China, 256,634mt to Mexico, and 110,000mt to unknown destinations, all for the 2026/2027 marketing year. Chatter suggests more Chinese purchases could drop this week, while US corn sales to China remain a no-show. πŸ›³οΈπŸ’°

πŸšœπŸ’Έ Iowa Farmers Feel the Squeeze β€” A new report shows Iowa's ag economy shrank 53% from 2022-2024 as corn and soybean production costs surged 37% and 36%. Nearly 1 in 5 Iowa farms are now financially vulnerable, even with strong land values and record cattle profits cushioning the blow. πŸ“‰πŸŒ½

πŸ“Š Funds Flip More Bullish β€” The latest CoT report shows big money managers snapping up 26k corn, 6k soybean, and 26k SRW wheat contracts last week. Corn's net long hit its highest since early June, while wheat's net short shrank to its smallest since late May. πŸ’ΉπŸ‚

πŸ”₯πŸ›’οΈ US-Iran Conflict Boils Over β€” A deadly weekend exchange pushed the US military death toll to 17, with strikes now hitting civilian infrastructure like ports and bridges. Iran has scrapped the interim peace deal and is threatening to choke off oil, gas, and fertilizer shipments through the Strait of Hormuz. βš“πŸš¨

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