Corn Market WINNING Streak! What's the Deal??
Corn Market WINNING Streak! What's the Deal??  
Podcast: Grain Markets and Other Stuff
Published On: Fri May 23 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 Winning Streak5:22 US Weather / Drought10:01 SRE Rumors11:26 Tax Bill and Bonds14:59 Export Sales19:30 India Wheat🌽 Corn Climbs Again! + Biofuel Buzz & Drought Data 🔥📈 The CBOT corn market kept up the momentum Thursday! July25 corn closed higher for the 4th straight session, settling at $4.63/bu, thanks to technical support. But... deferred months slipped on a strong US dollar and weaker oil. Rain is on the way for the Corn Belt 🌧️—a good sign for crop development! 🌎 The International Grains Council also raised its 25/26 global corn production forecast by 3 MMT to 1.3B tons. 🗺️ USDA Drought Monitor: Mixed BagThe latest drought monitor shows:🌽 Corn in drought: 20%🌱 Soybeans: 17%🌾 Winter Wheat: 23%🌾 Spring Wheat: 38%🐄 Cattle: 29%Big gains in Nebraska & the Dakotas due to massive rainfall, but worsening in Indiana, Illinois, and Minnesota. 🛢️ Soybean Oil Swings on Biofuel Rumors!A wild day for soybean oil! 🌀 Rumors of Trump’s EPA approving backlogged Small Refinery Exemptions (SREs) spooked the market — until the EPA denied it. Was someone trying to manipulate RIN prices? 🤔🏛️ Trump's Domestic Package Passes HouseThe House passed Trump's multi-trillion dollar bill (215-214)—now it heads to the Senate 🚨. Key items for agriculture and energy:🌱 45Z extended through 2031🌎 Foreign feedstocks banned🛬 Still no language on Sustainable Aviation Fuel🌐 Export Sales Snapshot🌽 Corn: 1.2mmt — Japan 🇯🇵 leads🌱 Soybeans: 308kmt — Mexico 🇲🇽 leads🌾 Wheat: -13kmt — Colombia 🇨🇴 leads🇮🇳 India Eyes Record Wheat CropIndia could harvest a record 117mmt wheat crop! Favorable weather + strong seeds = BIG yields 🌾. Flour millers are pressuring for export bans to be lifted as stockpiles grow 📦.#CornMarket #GrainPrices #DroughtUpdate #BiofuelNews #USDA #TrumpBill #AgPolicy #SoybeanOil #ExportSales #IndiaWheat #FarmEconomy #5MinuteFriday 🌽📊💼