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๐ฝ Corn & soybeans dipped Thursday as milder weather and wider Corn Belt rainfall eased crop stress โ Dec26 corn closed near $4.52, Nov26 beans near $11.82
๐พ Wheat bucked the trend, climbing on tighter US supply expectations
๐ก๏ธ GFS and Euro models both flipped cooler for the 8-14 day outlook, adding to the selling pressure
๐ง Drought monitor update: improvement in NW/north-central Iowa, SE Minnesota, and SW Wisconsin; minor expansion in southern Illinois and NW Ohio
๐จ๐ณ Fresh flash sales โ 256,000mt of new crop soybeans sold, including more to China; total confirmed new crop China soybean sales now at 672,000mt (2.7% of the 25mmt target)
๐ Corn export sales came in softโdown 23% week-over-week
๐ข๏ธ Record US biofuel mandates are pulling in a wave of European biodiesel imports โ first shipments since December 2024โas domestic plants struggle to keep up
No Snapshot video todayโJuly WASDE is typically a quiet one, and I've got some prior commitments. Back to the regular lineup next week.
๐ Charts, drought maps, and the China Soybean Purchase Tracker in the video.
๐ Like, subscribe, and drop your yield/stocks predictions in the comments before the number drops!