Corn Reverses to the Upside: Possible Targets??
Corn Reverses to the Upside: Possible Targets??  
Podcast: Grain Markets and Other Stuff
Published On: Tue Jul 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 Corn Reversal2:31 Corn/Soybean Ratings are Strong6:06 More Corn Belt Rain8:57 Brazil Corn Update10:30 Grain Shipments11:27 Bitcoin🌽 Corn Pops Higher!Corn futures posted an upside reversal on Monday! 📈 The Dec25 contract hit new life-of-contract lows before rallying nearly 6 cents. Short covering and bargain buying helped lift the market—but gains were limited by favorable weather and expectations for a record-large crop. Traders remain cautious as President Trump steps up tariff threats.🌱 Crop Conditions Remain Strong 💪✅ US corn: 74% good-to-excellent—best for the week since 2016!✅ US soybeans: 70% good-to-excellent—also second best in a decade!Only 5% of each crop is rated poor to very poor. That’s bullish for yield potential!🌾 Wheat Update 🚜🌱 Spring wheat: 54% good-to-excellent (up from 50% last week).🧊 Winter wheat harvest: 63% complete, still running slightly behind average and much slower than last year.🌧️ Rain Returns + Heat on Deck ☀️The Corn Belt is wet again this week with widespread rainfall expected in the 5-day and 5-10 day windows. 🌦️⚠️ But look out! CropProphet says the 8–14 day outlook shows temps averaging +4.3°F above normal.🔥 Heat could return as a key market factor.🇧🇷 Brazil’s Harvest Lagging 🐢Brazil’s second-crop corn harvest is just 40% complete—way behind last year’s 74% pace. Despite delays, both USDA and Conab still forecast a record-large 132mmt crop.📉 Largest weekly harvest gain so far this season—but still playing catch-up.🚢 Exports Sluggish 📦👀 Corn: 1.3mmt inspected last week (down 18% WoW).🥜 Soybeans: Weak at just 147,045mt (down 63% WoW).🌾 Wheat: Better, near top end of expectations at 439,533mt.₿ Bitcoin Blasts Higher! 🚀Bitcoin surged 3.4% on Monday to hit a new all-time high of $123,205 💰 before cooling off.🧠 "Crypto Week" is here—Congress debates 3 major crypto bills.💸 $2.7B flowed into Bitcoin ETFs last week—fifth-best inflow on record.📈 Year-to-date: +30%. After doubling in 2024, BTC is still running hot.👇 Hit that like button, leave a comment with your market thoughts, and don’t forget to subscribe for daily updates! 🔔#Corn #Soybeans #Wheat #Bitcoin #GrainMarkets #Crypto #Weather #Farming #Commodities #Agriculture 🌽🧑‍🌾📊