Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Intro + Argentina Currency Situation3:04 Inflation Update6:39 GE Testing SAF in Flights7:44 More Brazil Crop Estimates9:13 Flash Sale9:59 Cattle Update?? Market Update - Grain Markets Trade Lower, Argentina Currency Devaluation, Inflation Data, and More ???? Grain Markets Trade Lower:Grain markets experienced a decline on Wednesday morning.? Argentina Currency Devaluation:Argentina announced a significant devaluation of its currency, the peso, by 50%, adjusting it to 800 to the US dollar from 400 previously. This move is part of measures to cut the fiscal deficit and address runaway inflation. The devaluation may make Argentina's agricultural products more attractive globally, and export taxes on certain products might be removed once the "economic emergency" concludes.? Inflation Data - November CPI:Inflation in November slightly cooled, increasing by 3.1% on an annual basis, down from 3.2% in October. On a monthly basis, inflation rose by 0.1%, slightly higher than anticipated. While inflation is gradually decreasing, it remains above the Fed's 2% target. The Fed is expected to maintain unchanged rates, but the uptick in monthly inflation may affect expectations regarding future rate cuts.✈️ GE Aerospace Tests Sustainable Aviation Fuel (SAF):GE Aerospace announced successful testing of ten airplane engine models using 100% SAF made from vegetable oils, waste oils, or fats. GE, a major player in the aviation industry, plans to conduct further extensive testing of SAF to assess its reliability and longevity. US airlines, including American, Delta, and United, have committed to achieving net-zero carbon emissions by 2050.? Brazil's Soybean Crop Forecast Update:The Brazilian Association of Vegetable Oil Industries (Abiove) has revised its estimate for Brazil's soybean crop, lowering it by nearly 3 million tons to 161.9 million tons. This follows previous reductions by the USDA and CONAB. Abiove also increased its estimates for Brazil's soybean exports to 100.2 million tons in 2024 and crushing to 54.5 million tons.?? USDA Reports Flash Sale of Soybeans:US exporters reported a flash sale of 198,000 metric tons (7 million bushels) of soybeans to unknown destinations for delivery during the current marketing year. Since the start of December, exporters have sold a total of 1.05 million metric tons (39 million bushels) of soybeans through seven flash sales.Stay tuned for market developments and insights! #GrainMarkets #ArgentinaDevaluation #InflationData #SAFTes