
Grain Markets and Other Stuff
Joe Vaclavik and Mackenzie Johnston discuss the grain markets, the business of farming, news related to agriculture, and a variety of other topics.
Grain Markets and Other Stuff
Rug Pull: ADM Slashes Cash Soybean Bid
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0:00 ADM Rug Pull
3:17 Kim Reynolds and Eminent Domain
4:39 US Weather
5:53 USDA Preview
8:46 Record Ethanol Production
10:00 Weaker Dollar?
11:30 US/China
๐ฑ Soybean Bids Crash in the Midwest!
Cash soybean prices took a nosedive in Illinois. ๐ณ ADMโs Decatur location slashed bids by 65ยข and flipped from July25 to Nov25 futures with a negative basis. Other processors quickly followed. ADM says theyโve got plenty of beans and expect a big crop ๐พ.
๐ซ Iowa Eminent Domain Bill Vetoed
Gov. Kim Reynolds vetoed a bill limiting eminent domain for carbon pipelines. Critics say she sided with big donors over landowners ๐ฐ๐. The move angered Republicans and sparked calls for a special session. Will it happen? ๐ค
๐ง๏ธ Corn Belt Weather Whiplash
The GFS outlook just flipped again! Wetter in the short term, but drier in the 8-14 day range โ
. CropProphet pegs corn belt rain at 116% of normal early, then just 72% next week. Market? Still yawning ๐ด.
๐ USDA Report Incoming
Todayโs WASDE ๐ drops at 11am CST. Traders expect lower US corn ending stocks due to higher exports. No big moves expected for soybeans or wheat. Watch for Brazil corn surprises ๐ฝ๐.
๐ป Ethanol Production Hits Record High
US ethanol output surged to an all-time high last week ๐. Stocks dropped to late-December levels, and margins improved ๐ต. Could this support corn prices?
๐ต Paul Tudor Jones: USD to Slide?
Legendary investor Paul Tudor Jones sees the US dollar falling 10% over the next year ๐. He cites a steeper yield curve and a possible dovish Fed under Trumpโs next pick. The dollar index is already down nearly 8% YTD ๐ฌ.
๐ค New US-China Trade Deal
China will ship more rare earths & magnets โ๏ธ. In return, the US will ease some export controls and allow more Chinese students. But Trumpโs 55% tariff on Chinese goods stays in place ๐ฆ๐จ๐ณ. Final approval still pending!
๐ Donโt forget to like, subscribe, and drop your thoughts in the comments!
๐ข Stay tuned for WASDE updates and more market analysis!