Corn Demand is STRONG - Why Can't the Market Rally?!
Corn Demand is STRONG - Why Can't the Market Rally?!  
Podcast: Grain Markets and Other Stuff
Published On: Fri Dec 05 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.🌽 Grain Export Demand Still 🔥USDA reported multiple flash corn sales on Thursday:• 100,800mt to Colombia• 392,500mt to Mexico➡️ Both for 2025/26 MYCorn demand remains fantastic — 🚢 exports + ⚗️ ethanol running near record pace — yet futures just can’t seem to catch a bid.📦 “Catch-Up” Export Sales ReportWeek ending Oct 30:• Corn: 2mmt — down 📉 11% WoW (Mexico biggest buyer)• Soybeans: 1.2mmt — down 📉 14% WoW (Unknown biggest buyer; China finally showed with 232kmt)• Wheat: 505kmt — down slightly (Mexico biggest buyer)🐖 China’s Pork Prices Keep Sinking• Pork values now the lowest since 2022• Prices -18% YTD, expected to fall further• Weak consumer spending + slow economy• China’s sow herd only -2.1% YoY so far➡️ If cuts deepen → less feed demand → soybean implications⛽ API Flips Again on E15American Petroleum Institute now supports year-round E15 🤯✔ Joined biofuel groups urging legislation✔ Also pushing for limits on EPA refinery exemptions🔊 Pete Meyer:“Positive step but not mandatory. Stations need blender pumps + storage — not feasible in big cities.”🌾 Canada’s Record Wheat CropStatsCan final crop report:• ~40mmt wheat, 🔺11.2% YoY — new all-time record• Beats 38.5mmt estimates• Spring wheat the driver: 29.3mmt (+10.3% YoY)➡️ More pressure on a wheat market already struggling — especially spring wheat vs winter wheat🌦 Drought Monitor UpdateCorn Belt: mostly steady✔ Improvements: N. Illinois & SE Wisconsin❌ Slight worsening: MichiganHigh Plains: little change✔ Only modest improvement in NE KansasUS Areas in Drought:• Corn — 30%• Soybeans — 30%• Winter Wheat — 35%• Spring Wheat — 16%• Cattle — 25%