Go offline with the Player FM app!
China Will Have Enough Beans Without US Beans
Manage episode 508206927 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 Subscribe!
0:56 Argentina Update
3:31 Argentine Crushers Aren't Happy
5:40 Secret Meeting? US/China
7:00 Trump at UN - Russia/Ukraine
9:36 USDA Cattle Plan
11:25 EU Deforestation Law
12:32 Fed Problems
š± China Buys Argentine Soybeans
China jumped on Argentinaās suspension of its 26% soybean export tax and purchased 10ā15 cargoes for November delivery. Reports now suggest total purchases could be 20 cargoes this week alone. Normally, this business would have gone to the US, but the trade war has shifted flows. Argentinaās crushers warn that local supply is tightening, idle crushing capacity is rising, and jobs are being lost.
š Grain Market Reaction
Corn futures gained nearly 5 cents with Dec25 closing near $4.26. Soybeans edged higher to $10.12, while both Kansas City and Chicago wheat also finished stronger. Optimism tied to possible US-China trade progress provided a lift.
š¤ US-China Meeting
A Chinese trade envoy, Li Chenggang, met with US Midwest leaders in Beijing on Monday. Details are thin, but the meeting was confirmed by Chinaās Ministry of Commerce. It fueled fresh hopes for trade progress even as China avoids US soybeans.
šŗšø Trumpās Ukraine Shift
At the UN, Trump surprised leaders by saying Ukraine could win back land from Russia, a reversal from his earlier push for quick peace talks. This marks a potential shift in US policy, signaling stronger backing for Kyiv.
š USDA Cattle Herd Plan
The USDA says it will soon launch a plan to help rebuild the US cattle herd, mentioned in a statement on screwworm control. No details yet, but the program could reshape beef supplies and pricing.
š³ EU Deforestation Law Delay
Europe has postponed its anti-deforestation law again. The rules would restrict imports of soybeans, beef, and more. Admin hurdles and IT issues caused the delay, but costs could ripple across the supply chain once implemented.
šµ US Economy Update
Fed Chair Powell warned of upside inflation risks and downside jobs risk, leaving Octoberās rate decision uncertain. Tariffs are pushing prices higher, while labor supply shrinks under tighter immigration enforcement.
š½ Flash Corn Sale
USDA reported a 5 million bushel corn sale to Mexico. Most will ship in 2025/26, with the rest in 2026/27.
š Donāt forget to subscribe for daily updates and drop your thoughts in the comments. Staying informed helps you stay ahead in these fast-moving markets!
1544 episodes
Manage episode 508206927 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 Subscribe!
0:56 Argentina Update
3:31 Argentine Crushers Aren't Happy
5:40 Secret Meeting? US/China
7:00 Trump at UN - Russia/Ukraine
9:36 USDA Cattle Plan
11:25 EU Deforestation Law
12:32 Fed Problems
š± China Buys Argentine Soybeans
China jumped on Argentinaās suspension of its 26% soybean export tax and purchased 10ā15 cargoes for November delivery. Reports now suggest total purchases could be 20 cargoes this week alone. Normally, this business would have gone to the US, but the trade war has shifted flows. Argentinaās crushers warn that local supply is tightening, idle crushing capacity is rising, and jobs are being lost.
š Grain Market Reaction
Corn futures gained nearly 5 cents with Dec25 closing near $4.26. Soybeans edged higher to $10.12, while both Kansas City and Chicago wheat also finished stronger. Optimism tied to possible US-China trade progress provided a lift.
š¤ US-China Meeting
A Chinese trade envoy, Li Chenggang, met with US Midwest leaders in Beijing on Monday. Details are thin, but the meeting was confirmed by Chinaās Ministry of Commerce. It fueled fresh hopes for trade progress even as China avoids US soybeans.
šŗšø Trumpās Ukraine Shift
At the UN, Trump surprised leaders by saying Ukraine could win back land from Russia, a reversal from his earlier push for quick peace talks. This marks a potential shift in US policy, signaling stronger backing for Kyiv.
š USDA Cattle Herd Plan
The USDA says it will soon launch a plan to help rebuild the US cattle herd, mentioned in a statement on screwworm control. No details yet, but the program could reshape beef supplies and pricing.
š³ EU Deforestation Law Delay
Europe has postponed its anti-deforestation law again. The rules would restrict imports of soybeans, beef, and more. Admin hurdles and IT issues caused the delay, but costs could ripple across the supply chain once implemented.
šµ US Economy Update
Fed Chair Powell warned of upside inflation risks and downside jobs risk, leaving Octoberās rate decision uncertain. Tariffs are pushing prices higher, while labor supply shrinks under tighter immigration enforcement.
š½ Flash Corn Sale
USDA reported a 5 million bushel corn sale to Mexico. Most will ship in 2025/26, with the rest in 2026/27.
š Donāt forget to subscribe for daily updates and drop your thoughts in the comments. Staying informed helps you stay ahead in these fast-moving markets!
1544 episodes
ćć¹ć¦ć®ćØćć½ć¼ć
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.