Episode Details

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.

🌽 US corn is pollinating under intense heat and drought, with the western Corn Belt hit hardest and some yield damage likely irreversible even if weather improves. 🌙 Warm overnight temps in July and August could further chip away at yield potential.

📈 Corn and soybean futures rallied Tuesday after Monday's USDA crop progress report showed sharper-than-expected declines in crop conditions. 🌦️ The market brushed off cooler, wetter forecasts and softer crude oil prices to keep the rally going.

💵 USDA says farmers need another round of financial aid, pointing to the $12 billion proposed in the House budget resolution. ⛽ Officials also highlighted new biofuel mandates as a boost to ethanol/biodiesel demand and crop prices.

🔥 Western Europe is bracing for its fourth heat wave of the summer, with temps up to 108°F and over 1 million acres already burned. 🐄 The heat and fires are hammering crop yields, water supplies, and the livestock sector alike.

🚢 Black Sea shipping risks are escalating, with Russia weighing machine guns, anti-drone defenses, and armed escorts for grain vessels. 🌾 Major export terminals are restricting truck deliveries, pushing Sovecon to cut its Russian wheat export forecast by ~4%.

🇺🇳 USDA confirmed another flash sale, with 197,272mt of corn sold to unknown destinations for 2026/2027 delivery. 📊 The sale adds to recent momentum in export demand for the upcoming marketing year.