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No Rain in 2 Weeks: Soybean Stress Rising in Illinois

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Manage episode 501016872 series 2864038
Content provided by Joe Vaclavik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Vaclavik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Joe's Premium Subscription: https://standardgrain.com/
Apple Podcasts https://podcasts.apple.com/us/podcast...
Spotify https://open.spotify.com/show/4NJ9AZc...
Futures and options trading involves risk of loss and is not suitable for everyone.

🌽 Welcome Back!
Some parts of the US Corn Belt have turned very dry over the last two weeks. Illinois, Missouri, Kentucky, Indiana, and Ohio have seen little to no rain 🌤️. Talk of a "flash drought" is heating up as the forecast stays dry. Temps have run 2–4° above normal, with a cool front expected this weekend. See maps below!
🚜 Crop Tour 🚜
Pro Farmer kicks off its Midwest Crop Tour this week (Aug 18–21). Scouts will travel across 7 states, measuring ear counts, pod counts, and crop health. 🌱 This tour offers the most widely followed, real-time snapshot of US crop potential. Results will be released daily, with final estimates Thursday night. Pete Meyer will join us from the tour later this week!
📉 Corn Market Update
The Dec25 corn contract closed last week nearly unchanged despite a hugely bearish USDA report. 🌾 USDA pegged this year’s corn crop at 16.7B bushels—over 700M above trade guesses. Corn bottomed at $3.92 before closing near $4.05. Export demand is strong, but concerns linger. Big crops often “get bigger,” though not always… See charts below.
🥫 Soybean Crush Record
NOPA’s July report showed a record crush for the month at 195.69M bushels (+5.6% vs June, +7% YoY). 💥 Soybean oil stocks fell to the lowest July level since 2004—just under trade estimates. See charts below!
📊 Fund Activity
CFTC data shows “The Funds” shifted positions last week:
➡️ Sold 6k corn contracts
➡️ Bought 27k soybean contracts
➡️ Sold 9k SRW wheat contracts
Check out the Fund Tracker below 👇
👍 Stay Informed!
Don’t miss a beat on weather, markets, and policy. Subscribe, drop a comment 💬, and share your thoughts on whether this “flash drought” will truly hit soybean yields.

  continue reading

1520 episodes

Artwork
iconShare
 
Manage episode 501016872 series 2864038
Content provided by Joe Vaclavik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Vaclavik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Joe's Premium Subscription: https://standardgrain.com/
Apple Podcasts https://podcasts.apple.com/us/podcast...
Spotify https://open.spotify.com/show/4NJ9AZc...
Futures and options trading involves risk of loss and is not suitable for everyone.

🌽 Welcome Back!
Some parts of the US Corn Belt have turned very dry over the last two weeks. Illinois, Missouri, Kentucky, Indiana, and Ohio have seen little to no rain 🌤️. Talk of a "flash drought" is heating up as the forecast stays dry. Temps have run 2–4° above normal, with a cool front expected this weekend. See maps below!
🚜 Crop Tour 🚜
Pro Farmer kicks off its Midwest Crop Tour this week (Aug 18–21). Scouts will travel across 7 states, measuring ear counts, pod counts, and crop health. 🌱 This tour offers the most widely followed, real-time snapshot of US crop potential. Results will be released daily, with final estimates Thursday night. Pete Meyer will join us from the tour later this week!
📉 Corn Market Update
The Dec25 corn contract closed last week nearly unchanged despite a hugely bearish USDA report. 🌾 USDA pegged this year’s corn crop at 16.7B bushels—over 700M above trade guesses. Corn bottomed at $3.92 before closing near $4.05. Export demand is strong, but concerns linger. Big crops often “get bigger,” though not always… See charts below.
🥫 Soybean Crush Record
NOPA’s July report showed a record crush for the month at 195.69M bushels (+5.6% vs June, +7% YoY). 💥 Soybean oil stocks fell to the lowest July level since 2004—just under trade estimates. See charts below!
📊 Fund Activity
CFTC data shows “The Funds” shifted positions last week:
➡️ Sold 6k corn contracts
➡️ Bought 27k soybean contracts
➡️ Sold 9k SRW wheat contracts
Check out the Fund Tracker below 👇
👍 Stay Informed!
Don’t miss a beat on weather, markets, and policy. Subscribe, drop a comment 💬, and share your thoughts on whether this “flash drought” will truly hit soybean yields.

  continue reading

1520 episodes

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