Record US Soy Crush + Planting Progress
Published 2024-04-16
Apple Podcasts podcasts.apple.com/us/podcast/grain-markets-and-ot…
Spotify open.spotify.com/show/4NJ9AZcSQBrLXFLCcPrGGG
Google podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c…
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Intro + Record US Soy Crush
2:08 US Corn and Soybean Planting Update
4:04 Winter Wheat Update
6:28 Rate Hikes Ahead?
8:16 Grain Shipment Update
9:11 Corn Sale to Mexico
NOPA March Crush Data: NOPA reports record-high soybean crush of 196.4 million bushels in March, up 5.5% from February and 5.7% from March 2023, with end-of-month soybean oil stocks increasing to 1.9 billion pounds, surpassing pre-report estimates; largest end-of-month supply since May. 🌱📊📈
US Corn Planting Progress: US corn planting slightly ahead of schedule at 6% nationally, vs. 5% on average, with notable progress in IA, MO, NE, MN, while states like CO, MI, ND, OH, PA reported no planting; soybean planting at 3% complete nationally. 🌽🚜📅
US Winter Wheat Ratings: US winter wheat ratings remain strong at 55% good-excellent nationally, best since 2020, with only 13% rated poor to very poor; crop 11% headed nationally, while US spring wheat planting progresses to 7%. 🌾⛅️📉
Anticipated Interest Rate Increase: Major banks project Fed's likelihood to raise interest rates, citing strong US economy and persistent inflation, with UBS estimating rates could climb as high as 6.5% by early next year, potentially leading to equity decline of 10% to 15%. 💰📈🏦
US Grain Shipments: US corn shipments decline to 1.3mmt, soybean shipments at 432,905mt, and wheat shipments surpass pre-report estimates at 551,278mt; USDA reports flash sale of corn to Mexico totaling 165,000mt, with 135,000mt for 2023/2024 and 30,000mt for 2024/2025 marketin
All Comments (14)
-
Almost ready but calling rain in a day. Have a good day.
-
About 35% planted of corn planted. Weather says rain today. Overnight maybe a tenth of an inch. Dry as a popcorn fart here, huge clouds of dust visible for miles around every tractor in the field. After all the disappointments in the last four years weather forecasters have called wrong, I do not trust forecasts, only actual rain. Fingers crossed we get some today.
-
Lacrosse WI planted corn Saturday Sunday and Monday 10 acres left total but needed somewhere to go with pen pack once we kick our beef cows out on pasture.
-
Thanks
-
Almost ready,
-
We are hot and dry here in Colorado…It won’t be long guys will start planting, most of the dirt is worked.
-
Why did MPLS wheat spike up around 15¢ overnight?
-
30% soybeans completed, didn't start on corn yet
-
Ahy of this record soybean crush ending up in china somehow? Either meal not reported or thru Smithfield pork to china.
-
Good morning! What's the weather/planting situation in your area?
-
Oats will be done planted today
-
Good morning
-
Lacrosse WI planted corn Saturday Sunday and Monday 10 acres left total but needed somewhere to go with pen pack once we kick our beef cows out on pasture.
