HEAT to Enter US Corn Belt...but nobody cares
HEAT to Enter US Corn Belt...but nobody cares  
Podcast: Grain Markets and Other Stuff
Published On: Tue Jun 17 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 Belt Heat2:45 Bean Oil, Meal6:07 Crop Ratings and Progress8:35 Corn Shipments are Still Strong9:50 NOPA Crush11:06 Russia Wheat12:09 Middle East Update🌡️ Scorching Temps & Surging Soy Oil! 🚀🔥 🌽 US Corn Belt Heats UpTemps across the Corn Belt are expected to run 6.4°F above normal this week, according to GFS and CropProphet data. Highs in the 90s possible by Sunday! But don't panic—rainfall remains above normal in both the short and medium term. 🌧️ 🛢️ 🌱 Soybean Oil Explodes HigherSoybean oil futures 📈 hit a 20-month high and traded limit-up again Monday following the EPA's aggressive biofuel blending targets. Meanwhile, soybeans spiked but closed flat, and corn dropped ~10¢ on weather pressure. See updated charts for soybean oil and meal. 📊🌾 Crop Conditions Update✅ Corn: Rated 72% good-to-excellent (up 1%)📉 Soybeans: Dropped to 66% good-to-excellent📉 Winter Wheat: Fell to 52% G/E, despite being best for the week since 2020✅ Spring Wheat: Climbed to 57% G/E—beating expectations again!💡 Big moves seen in states like ND, TX, WI, MI, and NC. 🚢 US Export Inspections🌽 Corn exports: 1.7 mmt—near high end of expectations🌱 Soybeans: Weak at just 215k mt🌾 Wheat: Up on the week but still behind last year🏭 May NOPA Crush ReportUS soybean crush hit 192.8 million bushels—a May record 📅🥫 Soybean oil stocks dropped to 1.4 billion lbs, the lowest May figure since 2004📉 Both metrics came in under trade expectations. 🌍 Russia Wheat Outlook Mixed➕ Sovecon boosts forecast to 82.8mmt⚠️ Rostov region declares agricultural emergency amid drought🌾 Deputy PM sees 135mmt total grain output for 2025🌍 Middle East Tensions Rise AgainPresident Trump has urged evacuation of Tehran. 🛫Iran signals possible nuclear talks—but only if US avoids Israel conflictIsrael continues strikes. Analysts warn of major trade & oil disruptions if escalation continues.💥Crude trades near $71/bbl—down from recent highs.Smash that 👍 Like, hit 🔔 Subscribe, and let us know what YOU think in the comments! 👇Stay informed. Stay sharp. 🌾