Daily Dose of Depressing Grain Market News with Joe & Mackenzie
Daily Dose of Depressing Grain Market News with Joe & Mackenzie  
Podcast: Grain Markets and Other Stuff
Published On: Mon Aug 04 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 Depressing News0:40 The Funds are Short2:52 Heat Wave4:15 US/China Update5:56 Meal Update7:41 Wheat 8:42 Flash Sales🔥 FUND MOVES, HEAT WAVES & TRADE TALK! 🌽🌡️📉Here's what you need to know this week in grains, weather, and global trade! 👇📊 🧠 Fund Flows:“The Funds” slightly reduced their net short position in the corn market last week. CFTC data showed:Net sellers of just 181 corn contracts 📉Heavy net sellers of 34,000 soybean contracts 😬Largest soybean short since April 🫘Sold 13,000 SRW wheat contracts 🌾🌞 🔥 Heat Building in the Corn Belt:Our friends at CropProphet see above-normal temps on the way:📅 7-day: +2°F above normal📅 8–14 day: +3.8°F above normal🌧️ Slightly below-normal rainfall🤝 US-China Trade Talks Back On?Treasury Sec. Scott Bessent says he’s “optimistic” about a deal ✍️🇺🇸🇨🇳 Officials met in Stockholm last week🗓️ Deadline: August 12👉 But so far, new crop US soybean sales are the worst since 2005... zero Chinese purchases 😳🌎 China Buys Argentine Meal AgainChina booked another 30,000mt of Argentine soybean meal 🇦🇷That’s the 3rd deal since June after years of no activity💰 Why? Cheaper prices thanks to lower Argentine export taxes (from 31% → 24.5%)🚢 Wheat Export SlowdownRussia, Ukraine, and the EU — who make up nearly 50% of global wheat exports — are off to a slow start:Russian exports down 30% YoY 📉Ukraine shipping just 1/3 of last year’s volumeSpot prices at Black Sea ports +8% in July📉 All 3 US wheat futures contracts just hit life-of-contract lows🌽 Flash Sales!USDA reported two corn flash sales Friday:352,160mt (14 million bushels) to unknown destinations for 25/26📉 Stock Market SlumpMarkets tumbled Friday after weak job data:Dow -1.2%S&P -1.6%Nasdaq -2.2%👎 Only 73,000 jobs added vs. 100k expected👀 Fed rate cut odds for September just went up🧨 Trump tariffs also added pressure👍 Like, 💬 comment, and 🔔 subscribe for more market updates every week!