Friendly USDA Report: Why Can't Corn Rally??
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0:00 Corn Struggles
4:43 Soybeans Rally
6:08 Wheat Sucks
9:08 Planting Progress
11:25 Wheat Ratings
12:46 Mexican Feeder Cattle Suspension
13:54 Stock Market Rally
15:50 Shipments
16:59 Flash Sale
π USDA Report Recap + Tariff Talk + Market Reactions π½π
π¨ Monday's USDA report brought friendly corn news, a soybean rally, and wheat pressure β but markets didnβt act like it. Here's what happened:
π½ Corn Check-In
USDA cut ending stocks for the current year thanks to higher exports β
New crop balance sheet came in tighter than expected π
But corn still traded lower this morning π€·
π« Soybean Surge
July β25 beans jumped nearly 20Β’ π
Support from US-China tariff reduction & tighter supply estimates π
Ending stocks now the 2nd lowest since β12/β13 π₯
πΎ Wheat Woes
Chicago wheat hit a new contract low β
USDA boosted both US & global ending stocks π
Rain across the Plains = improving crop conditions π§οΈ
π± Planting Progress
Corn: 62% planted nationally π½
Beans: 48% planted π«
Several states moving fast, others still behind β±οΈ
πͺ² Feeder Cattle Suspension
USDA halts Mexican feeder cattle imports due to New World screwworm π«π
Cattle futures π on the news
Mexico calls move βunfairβ π²π½
π Export Update
Corn exports dipped but still solid π¦
Soybean and wheat shipments mixed π¬
USDA also announced a flash soybean sale to Mexico π²π½
πΌ Market Rally!
S&P 500, Nasdaq, and Dow all jumped π
US-China slash tariffs for 90 days π
Traders now see fewer Fed rate cuts this year π°
π¬ Drop your thoughts in the comments & donβt forget to subscribe for more ag market updates! π²
#USDA #Corn #Soybeans #Wheat #Tariffs #GrainMarkets #FarmNews #Cattle #AgTrade #MarketUpdate #CropProgress #Commodities #Farming #AgNews