Don't Call it a Derecho... But was there Crop Damage??

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0:00 Wind Event
3:00 Crop Conditions
7:38 Big Brazil Crop
8:40 US/China Update
10:13 US Dollar
11:08 Grain Shipments
11:52 Flash Sales

🌪️ Severe Storms Rip Through the Northern Corn Belt 🌽⚡
Severe thunderstorms powered by extreme heat and humidity blasted across the Northern Plains and into the northern Corn Belt on Monday evening. 💨 Wind gusts reached an insane 134 mph in northern Iowa, with tornadoes reported in South Dakota and Iowa. Early Tuesday, storms continued in eastern Iowa, Wisconsin, and western Illinois—though the worst winds have calmed. ⚠️ Widespread power outages were reported.
📍 See storm maps below!
📉 Crop Condition Update 🌱
🔹 Corn: 73% rated good to excellent—slightly down from last week but still the 2nd best in a decade!
🔹 Soybeans: 70% rated good to excellent, the best for this time since 2020!
🔹 Spring Wheat: Declines again this week—only 49% rated good to excellent.
🔹 Winter Wheat: 80% harvested nationwide; nearly complete in TX, OK, KS.
🇧🇷 Brazil’s Corn Harvest Lags but Outlook Grows 🌽
Brazil’s 2nd crop corn harvest is behind last year—just 68% harvested vs. 91% this time last year. Despite delays, AgRural raised their total corn production estimate to a record 136.3mmt!
🚜 Dry weather helped boost weekly harvest pace.
🤝 US-China Trade Talks Continue in Stockholm 🥢
Officials met for over 5 hours Monday—no deal yet, but a 90-day truce extension is likely. The US paused some tech export controls to support talks.
🔍 No new Chinese soybean buys yet, but the market expects them soon.
🇨🇳 China could account for ~19% of US soybean demand this year.
💵 US Dollar Surges on Trade Optimism 📈
The Bloomberg Dollar Spot Index jumped 0.8% on Monday—its biggest move since May. The rally was fueled by the new US-EU trade deal and expectations that the Fed will hold rates steady this week.
🚢 US Export Inspections Surprise to the Upside 📦
✔️ Corn: 1.5mmt inspected—+55% vs. last week
✔️ Soybeans: 409,714mt—near the high end of estimates
❌ Wheat: 288,793mt—well below expectations
📢 Flash Sales Announced! 💼
🗓️ Monday’s USDA report showed big corn sales:
🇲🇽 225,000mt to Mexico (25/26 MY)
❓ 229,000mt to unknown (35k for 24/25, 194k for 25/26)
💰 Markets watching closely as new crop sales ramp up.
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🧠 Stay informed, stay ahead. More weather, markets, and updates coming your way!
#GrainMarkets #CornBelt #CropConditions #Soybeans #Wheat