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.

🇷🇺🌾 Russia-Ukraine Tensions Escalate—Peace talks have collapsed, and Russia is weighing intensified strikes on Kyiv and other Ukrainian infrastructure, with Black Sea grain shipments essentially halted amid attacks on ships and ports. Up to 70 vessels are stuck waiting near the Sulina Canal, and worsening weather could add to the delays.

📈🌽 Grains Rally on War Fears — Chicago wheat hit its daily limit Wednesday, settling near $7.48/bushel, while KC wheat, corn, and soybeans all posted strong gains. Reuters reports Ukraine's grain exports are down 60% this month vs. July, and Ukraine's farm ministry warns 2027 planted area could shrink without financial support.

⛽🚜 SRE Exemptions Could Balloon—The White House is pushing for more small refinery exemptions to ease fuel prices before the midterms, with industry sources now pegging the total as high as 1.2-1.8 billion RINs. The American Soybean Association warns this could wipe out 500M gallons of biodiesel/renewable diesel demand and cost farmers ~$1B.

🇨🇳🫘 China Buys More Soybeans—USDA confirmed another flash sale Wednesday, with US exporters selling 333,000 metric tons of soybeans to China for the 2026/2027 marketing year. Check out the export sales and China purchase tracker graphics below.

🏭📊 Ethanol Output Hits Seasonal High — Weekly ethanol production climbed to 1.11 million barrels/day, up 2.1% week-over-week, while stocks rose to a sixteen-week high of 25.21 million barrels. Margins across the Corn Belt weakened, ranging from 10 cents negative to 30 cents positive.

🥩🐄 Trump Eyes Beef Regulation Overhaul—On Glenn Beck's show, Trump floated cutting regulations in beef processing to help farmers, ranchers, and the economy, without offering specifics. Ground beef averaged $7.12/lb in July—up 9% year-over-year and 47% over five years—and Trump also signed a proclamation boosting reduced-tariff beef imports.