Direct Farm Payments: BILLIONS Already Paid, What's Missing??

Grain Markets and Other Stuff

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0:00 Direct Payment Update
4:30 Wheat Rally
6:13 Russia Wheat Weather
7:24 Corn Belt Rains
9:53 China Soybean Imports
11:35 China Buys More Gold
🌾 USDA Sends Billions to Farmers + Wheat Rally & China Trade Moves! 💵🌍
🚨 Big USDA Payments Rolling Out!
As of Monday, $7.6B in ECAP payments have been distributed to help farmers facing rising costs and lower crop prices. Corn growers have received $3.1B, soybeans $2B, and wheat $1B. Iowa leads the pack with nearly $700M! Over 500,000 farmers have already applied. 📝💰 Sign-up is open through August 15 — don’t miss it! 👇
🌾 Wheat Prices Surge
Chicago wheat futures jumped 📈 to their highest level since April, fueled by a weaker US dollar, falling US crop ratings, and weather concerns in China where temps could soar past 108°F! 🥵💨
🇷🇺 Russia Declares Grain Emergency
The Rostov region — Russia’s top grain producer — is under a state of emergency due to frost and expected drought. It's the third major region this season facing serious challenges. Crop damage may remain limited… but risk looms. ⚠️🌡️
🌧️ Corn Belt Soaked Again
Over 1.5" of rain fell across big chunks of the Midwest over the past 72 hours. More rain is expected in Missouri, Illinois, and across the Belt in the coming 2 weeks. 🌽☔️
🇨🇳 China Soybean Imports Plunge
China’s soybean imports from Brazil dropped 22% in April 📉 due to harvest and customs delays. US shipments also fell 44%. April imports were the lowest since 2015. Tariff tensions may be playing a role. 🛑🫘
🥇 Chinese Gold Demand Surges
Gold imports to China soared 73% last month despite record prices nearing $3,500/oz. The PBOC loosened restrictions to meet rising demand, driven by trade tension fears and investor hedging. 💹🔐
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#FarmingNews #Wheat #Soybeans #Corn #Gold #US