Dome of Doom!?!? Nah. Rain Makes Grain!!

Grain Markets and Other Stuff

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0:00 Dome of Doom
3:35 The Funds
6:07 Bangladesh Deal
7:29 China Soybean Imports
9:04 Stablecoin Bill
🔥 HEAT DOME BEARS DOWN ON THE CORN BELT! 🌽💥
🌡️ 🔥 Weather Watch: Dome of Doom Incoming!
A major heat wave is forecast to impact the Corn Belt starting Tuesday! A "heat dome" will bring extreme temps and humidity, with highs soaring to 95–105°F and heat indices well into the triple digits! 🥵 Overnight lows in the 70s offer little relief, stressing crops further. The good news? A slight cooldown may arrive by the weekend. ☁️🌬️
🌧️ 🌽 Grain Markets & Weather: Rain vs. Heat
Some say “rain makes grain,” but others worry that too much rain + heat could hurt yields in some areas. The dome may block rain for some, but precipitation around the edge looks adequate.
📉 📊 Fund Flows: Corn Buying, Soy Selling
"The Funds" cut their corn shorts last week! 🚜 CFTC data shows money managers bought 20K corn contracts, but sold 24K soybean contracts, flipping soybeans to net short for the first time since April. Funds also offloaded 5K SRW wheat.
🇧🇩 🌾 US Wheat Deal with Bangladesh
Bangladesh just signed a 5-year deal to import 700,000mt of US wheat annually 🌎👏—part of a broader effort to boost trade and avoid tariffs. While a positive headline, this move represents a small slice of Bangladesh's 7mmt/year wheat demand. Still, it’s a step in the right direction! 📦📜
🇨🇳 📦 China Soybean Imports Soar
China’s soybean imports hit a record high in June! 🚢 Brazil supplied 87% of total imports, while the US share rose 21% YoY. From Jan–June, Brazil’s shipments dropped 7.5%, while US volumes jumped 33%. Q3 imports should remain strong, but Q4 hinges on US-China trade talks. 🤝🇺🇸🇨🇳
💵 🪙 Stablecoin Shake-Up: GENIUS Act Signed
Trump just signed the first federal stablecoin law—the GENIUS Act 🧠💵. The law creates rules for US dollar-backed digital money (aka stablecoins) to reduce risk and boost global confidence. Supporters call it a “giant step” for crypto. Critics? Not so sure… 🤔⚖️