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Trump/Xi Call + Cattle All-Time Highs

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Manage episode 487206886 series 2864038
Content provided by Joe Vaclavik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Vaclavik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.

0:00 Soybean/Corn Price Action and Trump
5:24 US Weather
8:45 Cattle Prices Surge
11:46 Export Sales
14:19 Trade Deficit
16:37Jobless Claims
🌱 Soybeans Climb on Trade Hope
Soybean futures popped on Thursday! 📈 The July25 contract gained nearly 7¢, settling near $10.52 after a phone call between President Trump and President Xi reignited optimism around US-China trade talks. 🤝 A face-to-face meeting could be next!
🌾 Grains Mixed on Geopolitics
Chicago wheat added 2¢ 📊 amid rising Ukraine-Russia tensions, while corn futures ticked higher 🚜 but were capped by sluggish US export demand.
🔥 Drought Monitor Update
The Corn Belt stayed mostly dry last week, worsening drought in IA, IL, MO & WI. 🌵 But only 10% of the region remains in drought—down from 32% earlier this year! The High Plains got relief thanks to widespread rains. ☔
📊 Current Drought Impact:
• Corn: 21%
• Soybeans: 16%
• Winter Wheat: 12%
• Spring Wheat: 19%
• Cattle: 21%
🐮 Cattle Prices Hit Record Highs!
Feeder & live cattle contracts soared to new records! 🚀 Front-month live cattle jumped $4.50 to $222.90, while feeders surged $5.28 to $309.15. Strong fat cattle prices, tight supplies & current feedlots = 🔥 fundamentals.
🚢 US Export Sales Recap
• 🌽 Corn: 37M bu – Up 3% W/W, Mexico top buyer
• 🌱 Soybeans: 7M bu – Up 33% W/W, Bangladesh top buyer
• 🌾 Wheat (25/26): 16M bu – Down 37% W/W, unknown buyers dominate
📉 Record Drop in US Trade Deficit
The US trade gap fell by a record $76.7B in April, landing at $61.6B. 📉 Imports plunged 16.3% while exports rose 3% as businesses braced for tariffs. Biggest deficit drops came vs. China, the EU, and Vietnam. 🌍
📈 Jobless Claims Rise Again
Initial jobless claims rose to 247K—highest since October. 📊 Continued claims dipped slightly but still sit above 2024 levels. Slowing hiring, trade anxiety, and lower consumer demand = labor market stress. 😬
Don’t forget to like & subscribe for real-time grain market updates! 👇💬

  continue reading

1479 episodes

Artwork
iconShare
 
Manage episode 487206886 series 2864038
Content provided by Joe Vaclavik. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joe Vaclavik or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.

0:00 Soybean/Corn Price Action and Trump
5:24 US Weather
8:45 Cattle Prices Surge
11:46 Export Sales
14:19 Trade Deficit
16:37Jobless Claims
🌱 Soybeans Climb on Trade Hope
Soybean futures popped on Thursday! 📈 The July25 contract gained nearly 7¢, settling near $10.52 after a phone call between President Trump and President Xi reignited optimism around US-China trade talks. 🤝 A face-to-face meeting could be next!
🌾 Grains Mixed on Geopolitics
Chicago wheat added 2¢ 📊 amid rising Ukraine-Russia tensions, while corn futures ticked higher 🚜 but were capped by sluggish US export demand.
🔥 Drought Monitor Update
The Corn Belt stayed mostly dry last week, worsening drought in IA, IL, MO & WI. 🌵 But only 10% of the region remains in drought—down from 32% earlier this year! The High Plains got relief thanks to widespread rains. ☔
📊 Current Drought Impact:
• Corn: 21%
• Soybeans: 16%
• Winter Wheat: 12%
• Spring Wheat: 19%
• Cattle: 21%
🐮 Cattle Prices Hit Record Highs!
Feeder & live cattle contracts soared to new records! 🚀 Front-month live cattle jumped $4.50 to $222.90, while feeders surged $5.28 to $309.15. Strong fat cattle prices, tight supplies & current feedlots = 🔥 fundamentals.
🚢 US Export Sales Recap
• 🌽 Corn: 37M bu – Up 3% W/W, Mexico top buyer
• 🌱 Soybeans: 7M bu – Up 33% W/W, Bangladesh top buyer
• 🌾 Wheat (25/26): 16M bu – Down 37% W/W, unknown buyers dominate
📉 Record Drop in US Trade Deficit
The US trade gap fell by a record $76.7B in April, landing at $61.6B. 📉 Imports plunged 16.3% while exports rose 3% as businesses braced for tariffs. Biggest deficit drops came vs. China, the EU, and Vietnam. 🌍
📈 Jobless Claims Rise Again
Initial jobless claims rose to 247K—highest since October. 📊 Continued claims dipped slightly but still sit above 2024 levels. Slowing hiring, trade anxiety, and lower consumer demand = labor market stress. 😬
Don’t forget to like & subscribe for real-time grain market updates! 👇💬

  continue reading

1479 episodes

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