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Is Trump Really to Blame for the Poor Farm Economy?? + Soybeans SURGE
Manage episode 499608879 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Trump Comments, Soybeans Surge
2:40 Trump and Farm Economy
7:47 StoneX Yield Conspiracy
10:11 The Funds and Corn
12:12 USDA Preview
14:24 Food Prices Rise
🌱 Soybeans Surge After Trump Comments 🇺🇸📈
Soybean futures are 🔥 this morning after President Donald Trump took to Truth Social Sunday night, saying he hopes China will quickly quadruple its soybean orders and is worried about a shortage. 📲 Traders are reading this as a possible hint that soybean purchases could be part of a new trade deal. The Nov25 contract spiked 📈 27¢ overnight!
📰 Trump & the Farm Economy
A recent Bloomberg piece looked at Trump's role in the farm economy. Since his first tariffs earlier this year, some farm input costs have climbed. Tariffs now average 15.2%—the highest since WWII 🇺🇸—but inflation, COVID money creation, direct farm payments 💵, and the Black Sea war ⚔️ have also fueled higher costs.
📉 New crop US soybean sales are the lowest in nearly 20 years—China hasn’t bought any yet. Meanwhile, US corn export sales are record high 🌽💪.
📊 Fund Tracker
Funds cut their net short in corn last week (👀 +15k contracts)
Net sellers of soybeans (-29k), pushing net shorts to the biggest since Dec 2024
Net sellers of SRW wheat (-16k)
📅 USDA Report Tomorrow – Big Changes Expected
Traders expect higher corn 🌽 and soybean 🌱 yield estimates, bigger US carryouts, and rising global stocks—except for wheat, which may tighten.
🌍 Global Food Prices Climb
The FAO Food Price Index hit 130.1 in July—the highest in 2+ years—driven by record-high meat prices 🥩 and surging vegetable oils 🌻🥥. Grain prices remain low despite high grocery costs.
🚨 Flash Corn Sale
US exporters sold 125,000mt (5mil bu) of corn to “unknown” buyers for 25/26. Next year’s sales are already up 102% vs last year.
👍 If you follow grain markets, subscribe for daily updates & drop your thoughts in the comments!
1519 episodes
Manage episode 499608879 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Trump Comments, Soybeans Surge
2:40 Trump and Farm Economy
7:47 StoneX Yield Conspiracy
10:11 The Funds and Corn
12:12 USDA Preview
14:24 Food Prices Rise
🌱 Soybeans Surge After Trump Comments 🇺🇸📈
Soybean futures are 🔥 this morning after President Donald Trump took to Truth Social Sunday night, saying he hopes China will quickly quadruple its soybean orders and is worried about a shortage. 📲 Traders are reading this as a possible hint that soybean purchases could be part of a new trade deal. The Nov25 contract spiked 📈 27¢ overnight!
📰 Trump & the Farm Economy
A recent Bloomberg piece looked at Trump's role in the farm economy. Since his first tariffs earlier this year, some farm input costs have climbed. Tariffs now average 15.2%—the highest since WWII 🇺🇸—but inflation, COVID money creation, direct farm payments 💵, and the Black Sea war ⚔️ have also fueled higher costs.
📉 New crop US soybean sales are the lowest in nearly 20 years—China hasn’t bought any yet. Meanwhile, US corn export sales are record high 🌽💪.
📊 Fund Tracker
Funds cut their net short in corn last week (👀 +15k contracts)
Net sellers of soybeans (-29k), pushing net shorts to the biggest since Dec 2024
Net sellers of SRW wheat (-16k)
📅 USDA Report Tomorrow – Big Changes Expected
Traders expect higher corn 🌽 and soybean 🌱 yield estimates, bigger US carryouts, and rising global stocks—except for wheat, which may tighten.
🌍 Global Food Prices Climb
The FAO Food Price Index hit 130.1 in July—the highest in 2+ years—driven by record-high meat prices 🥩 and surging vegetable oils 🌻🥥. Grain prices remain low despite high grocery costs.
🚨 Flash Corn Sale
US exporters sold 125,000mt (5mil bu) of corn to “unknown” buyers for 25/26. Next year’s sales are already up 102% vs last year.
👍 If you follow grain markets, subscribe for daily updates & drop your thoughts in the comments!
1519 episodes
All episodes
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