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Soybean Prices Hit Calendar-Year High on Trade Deal Hopes: But is it All Just Talk??
Manage episode 516138033 series 2864038
Joe's Premium Subscription: www.standardgrain.com
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Futures and options trading involves risk of loss and is not suitable for everyone.
đž Welcome to todayâs grain market update!
Soybean futures surged to their highest level since June as optimism grows that China may resume U.S. soybean purchases following President Trumpâs comments on a potential trade deal with President Xi.
đ¤ď¸ Weather & Harvest Progress
Corn and soybean harvests are nearly wrapped up across the U.S. Analysts estimate the corn harvest at 72% complete and soybeans at 84%, both slightly behind last yearâs record pace. Rain slowed progress in parts of the Corn Belt, but steady combining continues elsewhere. With the government still shut down, no official Crop Production or WASDE report is expected on November 10th.
đ Global Market Trends
Brazilian planting is racing ahead â 36% of soybeans and 55% of first-crop corn are in the ground, matching last yearâs pace. Conab pegs Brazilâs soybean crop at 177.6mmt (+3.6% YoY) and corn output at 138.6mmt (-1.8% YoY).
đ˘ Export & Shipment Data
U.S. soybean inspections were disappointing at 1.1mmt â the weakest seasonal figure since 2011/12. Corn shipments were 1.2mmt, and wheat came in light at just 258kmt. Top soybean destinations included Indonesia, Israel, and Italy.
đ Livestock & Policy Watch
Cattle markets were hammered again Monday. Feeder cattle contracts hit expanded limits, and live cattle dropped sharply amid news of expanded Argentine beef imports and possible Mexican feeder cattle inflows. A TrumpâBrazil meeting also hinted at renewed Brazilian beef trade.
Chapters
1. Soybean Surge! (00:00:00)
2. US Harvest Update (00:03:52)
3. Poor Soybean Shipments (00:04:50)
4. Brazil Planting Update (00:08:26)
5. Cattle Collapse - Bull Market Over?? (00:09:42)
1569 episodes
Manage episode 516138033 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.
đž Welcome to todayâs grain market update!
Soybean futures surged to their highest level since June as optimism grows that China may resume U.S. soybean purchases following President Trumpâs comments on a potential trade deal with President Xi.
đ¤ď¸ Weather & Harvest Progress
Corn and soybean harvests are nearly wrapped up across the U.S. Analysts estimate the corn harvest at 72% complete and soybeans at 84%, both slightly behind last yearâs record pace. Rain slowed progress in parts of the Corn Belt, but steady combining continues elsewhere. With the government still shut down, no official Crop Production or WASDE report is expected on November 10th.
đ Global Market Trends
Brazilian planting is racing ahead â 36% of soybeans and 55% of first-crop corn are in the ground, matching last yearâs pace. Conab pegs Brazilâs soybean crop at 177.6mmt (+3.6% YoY) and corn output at 138.6mmt (-1.8% YoY).
đ˘ Export & Shipment Data
U.S. soybean inspections were disappointing at 1.1mmt â the weakest seasonal figure since 2011/12. Corn shipments were 1.2mmt, and wheat came in light at just 258kmt. Top soybean destinations included Indonesia, Israel, and Italy.
đ Livestock & Policy Watch
Cattle markets were hammered again Monday. Feeder cattle contracts hit expanded limits, and live cattle dropped sharply amid news of expanded Argentine beef imports and possible Mexican feeder cattle inflows. A TrumpâBrazil meeting also hinted at renewed Brazilian beef trade.
Chapters
1. Soybean Surge! (00:00:00)
2. US Harvest Update (00:03:52)
3. Poor Soybean Shipments (00:04:50)
4. Brazil Planting Update (00:08:26)
5. Cattle Collapse - Bull Market Over?? (00:09:42)
1569 episodes
All episodes
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