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0:00 "Wall" of Farmer Selling
1:47 Rain / Weather
5:01 Reduced Soybean Crush
6:24 Ethanol Production Update
7:27 Soybean Flash
7:59 Consumer Inflation Update
9:37 Retail Sales
๐ฝ Corn Market Dynamics:
December corn struggles to surpass the $5 mark, affected by strong "hedge pressure" from farmers. With planting in full swing, farmer sales have intensified. Despite a substantial short-covering move, fund traders still hold a significant short position. The next two weeks of planting progress will be critical for future price actions.
๐ง๏ธ Weather Impact on Planting:
Recent rains in Iowa, Wisconsin, and Minnesota, and a stronger system in Oklahoma, Kansas, and Missouri may influence planting schedules. Predictions suggest more widespread rain next week, likely causing further planting delays. Detailed precipitation maps below provide more insights.
๐ฑ Soybean Processing Data:
NOPA's latest report shows a drop in the April soybean crush to a seven-month low, significantly below market expectations. This downturn in processing volume coincides with reduced soybean oil stocks, marking the first decline since October. For visual details, see the accompanying charts below.
๐ Ethanol Production and Gasoline Demand:
US ethanol production has seen an uptick, reflecting a year-on-year increase. However, implied gasoline demand shows a mixed picture, with a slight weekly increase but a notable decline compared to last year. This trend offers insights into broader economic activities, detailed in the charts below.
๐ Economic Indicators - Inflation & Consumer Spending:
Inflation moderated last month, with the CPI rising less than expected. This slower inflation rate and stagnant consumer spending in retail sales could influence upcoming Federal Reserve decisions, possibly leading to rate cuts later this year. Market reactions and potential impacts on policy are analyzed, supported by the latest charts.
๐ฑ Flash Sale of Soybeans:
A significant soybean sale to unknown destinations highlights continued demand in the export market. Details of the sale volumes for the upcoming marketing years are crucial for market stakeholders.
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Keep watching for updates as we track these important market and economic developments, helping you stay ahead in understanding their implications!
"Surprise " Brazil Tax Changes: The Next Bull Story?? (Corn/Soybeans)
Losing Streak Continues - What Does a "Bullish Forecast" Look Like??
6-Day Losing Streak - Corn/Soybean Prices Collapse on Improved Forecast
100% Good-Excellent?? How?! (Corn Crop)
BLOODBATH: Why Did Corn Prices COLLAPSE Last Week??
Corn Belt Drought is OVER- Record Summer Heat Predicted??
Is USDA Too Bearish?? (Grain Prices)
US Planting Update + SLOW US Crush Expansion
Wheat Prices SURGE on Russian Crop Scare
ALARMING Soybean Demand Statistics
plz don't shadowban me (Bird Flu News)
SEVERE Midwest Weather + China Soybean Rumors
US Corn Growers Plant 21% in ONE WEEK (Shoutout to South Dakota)
Rain is BACK! How Much Corn Was Planted Last Week??
US Weather + ZERO Chinese Corn/Soybean Purchases
FIVE DAY Planting Window: Enough Time for Farmers??
Wheat Prices SURGE on Russia Crop Scare
"The Funds" and Corn Prices: MASSIVE Short-Covering Event
USDA to Project MONSTER Crops
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