Spring Wheat RALLY + New AI Weather Model

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0:00 Spring Wheat Rally
3:13 Drought and AI Weather Model
7:43 More Tariff News
10:04 SRE News, Biofuel
12:12 Higher Biofuel Mandates?
15:24 Ethanol Production
16:48 Flash Sales
17:53 Russia Wheat

🌾 Spring Wheat Soars + Drought Moves + Biofuel Battles! ⚖️🔥

🚀 Markets on the Move:
Spring wheat futures surged to multi-week highs overnight! Jul25 hit its best level since April 17 📈 after the USDA rated the crop just 45% good-to-excellent — the worst start since 2021. Funds are still holding a record net short! 👀

🌧️ Drought Monitor Drama:
Rain boosted MN & WI, but dry pockets worsened in parts of IL, IN, MO & IA. The High Plains saw improvement thanks to rain + cool temps. Here’s where drought is hitting hardest:
🌽 Corn – 23%
🌱 Soybeans – 17%
🌾 Spring Wheat – 29%
🐄 Cattle – 23%

🧾 Tariff Twist!
Trump’s global tariffs are back on... for now. A federal court reinstated them temporarily while legal battles continue ⚖️. Could this be peak tariff fatigue in the markets?

⛽ Biofuel Backlash:
Trump's administration may approve backlogged refinery waivers — some dating to 2016. Analysts warn this could undercut ethanol & corn prices, setting a dangerous precedent for farmers. Meanwhile, new 2026 biofuel mandates are coming — industry insiders are pushing for 5.25 billion gallons to help grain demand.

🍻 Ethanol Update:
Production ticked up 1.9% last week to 1.06M bpd. Stocks fell slightly but remain above last year. Margins? Flat. 📊

🚢 Corn Flash Sales:
The US sold 8M bushels of corn — half to Mexico, half to “unknown.” Export demand showing signs of life!

🌍 Russian Wheat Outlook:
Sovecon bumped Russia’s export forecast to 40.8mmt 📦 and raised its crop estimate to 81mmt 🌾—still below recent highs, offering some global price support.

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📲 Stay informed — markets move fast!