Biofuel Blockbuster: Record Soybean Oil Demand??

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0:00 Biofuel Blockbuster
4:06 Middle East and Crude
5:59 US Weather and Market Impact
9:40 The Funds
10:31 Brazil Corn Harvest

🎥 EPA Biofuel Boost, Middle East Tensions & Corn Market Moves! 🌽🛢️⚔️

📈 BIG news from the EPA!
The agency just proposed new biofuel blending targets, raising total mandates to 24.02B gallons in 2026 and 24.46B in 2027. The new quotas fall short of industry recommendations but deliver a major win for biodiesel, with the biomass-based diesel target jumping to 5.61B gallons – above both current and proposed levels. Soybean oil futures exploded 🚀, and soybeans rallied to a three-week high. 

🌍 War in the Middle East Intensifies
Israel and Iran continue trading deadly missile attacks. Casualties are rising on both sides, and President Trump has warned that US involvement remains on the table. Energy markets reacted fast—crude oil surged 7%, and natural gas climbed 3%. 

🌦️ Weekend Rainfall in the Corn Belt
Scattered storms hit parts of the Midwest, with radar showing activity across the Dakotas, Minnesota, Iowa, Missouri, and Illinois. Forecasts show 1"+ rain expected across much of the Corn Belt this week. Corn futures are trading lower to start Monday.

📊 Fund Positioning Update
The latest CFTC report shows money managers growing more bearish on corn, pushing their net short to 150K contracts—the most since September! Meanwhile, funds added soybeans and wheat.

🇧🇷 Brazil's Second Crop Corn Harvest Slows
Harvest progress remains sluggish at just 5.6% complete, compared to 14% last year. Delays from late planting and poor weather continue to hamper fieldwork. 

👇 Stay informed! Don’t forget to like, subscribe, and drop your thoughts in the comments. Full EPA release linked below!