These Rains are Not Bullish
These Rains are Not Bullish  
Podcast: Grain Markets and Other Stuff
Published On: Tue Jun 03 2025
Description: Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Rain on the Radar2:58 Monday Selloff4:38 Crop Progress & Conditions11:11 Weaker US Dollar?13:02 Crude Rally14:21 Grain Shipments🌧️ Stormy Skies and Slumping Soybeans! 🌾🌩️ Weather UpdateRadar lit up this morning across the western Corn Belt! Nebraska, Iowa, and parts of the Plains saw active storms. CropProphet expects 1.5" of rain this week, with more on the way next week. Temps look cool out west ❄️ and warm in the east 🔥 — but overall, this remains a non-bullish setup for grains. Some of the driest areas are finally catching a drink! 🌧️🌽📉 Grain Market MovesSoybeans slid to a 2-month low on improved Brazil outlook and China trade tensions.Corn dipped as growing conditions improved.Wheat bucked the trend, up on a weaker dollar 💵 and Ukraine/Russia tensions.🌱 Crop Ratings SnapshotCorn: 69% G/E—slight gain from last week, planting 93% done ✅Soybeans: 67% G/E in initial rating, 84% plantedWinter Wheat: 52% G/E—best since 2019! 🌟Spring Wheat: 50% G/E—up, but still well below average 📉💵 Dollar OutlookWall Street banks like Goldman and Morgan Stanley expect a weaker dollar ahead, driven by Fed cuts and Trump’s economic playbook. Foreign currencies may get a boost! 📊📉🛢️ Oil Bounces BackCrude rallied 3% to $62.52/barrel 🚀 on OPEC+ decisions and a falling US rig count. Still down YTD, but experts say cuts could tighten supplies.🚢 Export ActionCorn: 62M bu—beat expectations!Soybeans: 10M bu—down from last yearWheat: 20M bu—strong vs. a year ago👍 Like, 💬 comment, and 🔔 subscribe for more grain market breakdowns every week!