Soybean Oil Drops 9% on EPA Rumors + Ozempic and Beef Demand
Soybean Oil Drops 9% on EPA Rumors + Ozempic and Beef Demand  
Podcast: Grain Markets and Other Stuff
Published On: Fri May 16 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 Oil Crash2:16 US Weather / Drought6:39 Meat Demand and Ozempic9:44 NOPA Crush Report12:00 Export Sales15:10 Kansas Wheat Tour16:53 CONAB Estimates19:25 SpaceX and Farming🌱 Big Moves in Biofuels, Drought, and Meat Demand! 🚜🔥🛢️ EPA Biofuel Blend DramaThe EPA just sent a new rule to the White House. 👀 Rumors suggest 2026 diesel blending targets may come in way below industry hopes — and soybean oil futures reacted hard, falling limit down. 📉🌾 USDA Drought Monitor UpdateDrought is creeping across key crop states. 😬Corn: 22% 🌽 | Soybeans: 17% 🌱 | Winter Wheat: 23% 🌾🍗 Ozempic Boosting Meat Demand?Weight-loss meds like Ozempic 💉 are driving higher chicken and beef consumption, says JBS — folks on GLP-1s want more protein! 🐔🥩🧼 NOPA Crush ReportApril soybean crush dipped from March but still hit a record for the month 📊. Soybean oil stocks rose slightly but remain the lowest for April since 2015.🌍 Strong US Corn ExportsCorn export sales beat expectations! 🌽💪Soybeans and wheat? A bit more sluggish 🐢📉🌾 Kansas Wheat Tour SurpriseHighest projected yield since 2021! Timely spring rains helped wheat scouts forecast 53 bpa vs the usual 44.3. USDA's still a bit more conservative — but things are looking up! ☁️➡️🌧️🇧🇷 Brazil Crop Outlook RaisedConab raised Brazil’s corn and soybean forecasts 🌽🇧🇷 Favorable rains, big second corn crop, and rising ethanol demand are all supporting the boom. 📈🚀 Starlink x CNH = Farming FuturePrecision ag just got a boost! CNH teams up with SpaceX to bring Starlink satellite internet to the most remote fields. 🌐🛰️Like, comment, and subscribe to stay updated with real ag news that matters 👇#Soybeans #Corn #Wheat #Biofuels #Starlink #Ozempic #Farmers #AgNews #Commodities 🌽📈🛰️