Soybean Oil Drops 6%, Drags Soybeans Lower, Why??
Soybean Oil Drops 6%, Drags Soybeans Lower, Why??  
Podcast: Grain Markets and Other Stuff
Published On: Thu May 15 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 Soybean Rally1:18 EPA and Bean Oil Selloff3:36 Kansas Wheat Tour6:28 Russia Wheat Update8:14 Tyson CEO and Cattle11:22 Ethanol Production🌱 Soybeans Rally Again!Soybean futures climbed for the fifth straight day on Wednesday! 📈 The July25 contract edged up near $10.78/bu, fueled by:🔹 A 90-day tariff truce between 🇺🇸 and 🇨🇳🔹 A House proposal to extend the 45Z tax credit🔹 Hopes for renewed Phase One-style trade with ChinaBut... 🌧️ storm clouds rolled in Thursday morning with lower prices amid EPA uncertainty and crashing crude. Full story below 👇⚙️ EPA & Renewable Fuel StandardEPA Chief Lee Zeldin 🏛️ says new RVOs are coming soon!🔸 Final rule expected in months🔸 Public comment period ahead🔸 Push for higher volume levels already underwayStill, soybean oil futures are diving this morning 💥, possibly due to RVO delays and weak crude oil prices.🌾 Wheat Tour SurprisesKansas wheat tour is off to a strong start! 🌾📍 Northern KS: 50.5 bpa (above 5-yr avg)📍 SW Kansas: 53.3 bpa 😲USDA now rates 48% of Kansas wheat as good to excellent vs. 31% on average. But issues like drought and wheat streak mosaic still linger.❄️ Russian Crop Weather UpdateMinimal damage from May frosts ❄️📉 Only 247K acres affected (10% of last year’s loss)But dry soils now pose the biggest risk. 🌵🥩 Cattle Market TensionTyson says herd rebuilding has started. 🐄…but challenges remain:⚠️ Drought⚠️ High prices⚠️ Limited capitalTyson reported a $149M beef loss last week. Live Cattle futures just posted a downside key reversal 📉🚜 Ethanol Production Slips🔻 Weekly output: 1 million bpd (down 2.6% WoW)📈 Stocks: 25.45 million barrels (still high historically)Margins are improving in the eastern Corn Belt 💵 — see full ethanol charts below!📊 Don’t forget to like, comment, and subscribe to stay ahead of the grain game! 🌽📈