Vessel Fee News: Are Grain Shipments at Risk? + 3-Month Weather Outlook
Vessel Fee News: Are Grain Shipments at Risk? + 3-Month Weather Outlook  
Podcast: Grain Markets and Other Stuff
Published On: Mon Apr 21 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.🚢 Trump Scales Back Ship TariffsThe Trump administration has softened its stance on China-built ship fees. Instead of $1.5M per port call, vessels will now face fewer charges — and empty grain/coal ships are exempt! 🌾⛴️🌧️ Rain in the Plains & Corn BeltBig weekend rains hit parts of Oklahoma, Missouri & beyond. More on the way for the Southern Plains. NOAA’s 3-month outlook just dropped — maps inside! 🗺️🌽 Drought Monitor UpdateDry week for much of the Corn Belt. Drought eased in some parts of MN/WI but worsened in NE & KS.🔹 Corn: 30%🔹 Soybeans: 23%🔹 Winter Wheat: 34%🔹 Spring Wheat: 43%🔹 Cattle: 38%📈 Funds Go Long SoybeansCFTC shows big fund buying — soybeans saw the largest net-long since Feb.! Corn and wheat also saw fresh buying. 📊🇯🇵 Japan Trade TalksJapan may boost soybean & rice imports. Corn trade steady. Trump presses on tariffs & ag exports — no deal yet, but “big progress.” 🤝🛢️ Ethanol Exports BoomU.S. ethanol exports already over 1 billion gallons this year. 🚀🇨🇦 Canada = top buyer🇪🇺 EU = huge YOY increase🚚 Corn & Soybean Export Sales SurgeCorn sales are up 99% on the week. 📦 Mexico leads. Soybeans are also strong. Wheat? Not so much.🐄 Cattle on Feed ReportSlightly bearish tone — placements up, but still below the 5-year average. Neutral-to-bearish read overall. 📉📈