Trump's "Silly and Misguided" Cooking Oil Threat
Trump's "Silly and Misguided" Cooking Oil Threat  
Podcast: Grain Markets and Other Stuff
Published On: Wed Oct 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.🇺🇸 Trump Eyes Cooking Oil Embargo Against ChinaPresident Trump is considering a cooking oil embargo targeting China 🇨🇳. The move follows Beijing’s refusal to buy U.S. soybeans—which Trump called an “economically hostile act.”🛢️ Biofuels & UCO Trade ShiftChinese used cooking oil (UCO) exports hit record highs in 2024, with the U.S. buying 1.3 MMT—43% of total exports. But those imports have likely plunged this year since biofuel tax incentives for imported UCO were eliminated. Trump says the U.S. can produce its own cooking oil supply.🌱 Soybean Market UpdateSoybean futures ticked slightly lower Tuesday despite strong export inspections — 994,000 MT last week, the best since February. Top buyers: Mexico, Spain & Bangladesh.Corn and wheat shipments were mixed as traders remain cautious with the USDA data delay during the government shutdown.🚢 Port Fees & Trade TensionsTrump’s new U.S. port fees are adding pressure to Chinese shipping companies like COSCO & OOCL. China has retaliated with special vessel fees on certain U.S. ships.👉 Note: Most grain shipments are exempt thanks to strong farm-group pushback.🌎 Brazil Crop Outlook🇧🇷 Conab projects record soybean output at 177.6 MMT, up 3.5% YoY, with exports near 112 MMT. Corn output seen at 138.6 MMT, with exports of 46.5 MMT (+16%).💬 Drop your thoughts in the comments—are markets overreacting to trade headlines?📈 Subscribe to stay ahead of every major ag, trade, and market update—all in under 5 minutes.🧠 Stay informed. Stay independent.