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.USDA Foreign Holdings of US Ag Land Report: https://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/EPAS/PDF/2022_afida_annual_report_12_14_23.pdf? Foreign-Owned US Farmland Surges in 2022:US farm acres owned by foreign entities grew by more than 8% last year to 43.4 million acres. Canada remains the largest foreign investor, accounting for 32% of foreign-owned acres, while China owns less than 1% of US agricultural land at 350,000 acres. Since 2017, purchases of US farmland by foreign entities have been increasing, averaging over 3 million acres per year. ?????️? NOPA Releases November Crush Data:The National Oilseed Processors Association (NOPA) reported that its members processed 189.038 million bushels of soybeans in November, the second-largest crush for any month on record. End-of-month soybean oil stocks in November rose for the first time in seven months, reaching 1.214 billion pounds, the highest end-of-month oil supply since August. ????️ Rain Returning to Brazil:Rainfall is expected to return to Brazil this week, providing much-needed relief to central and northern areas that have been experiencing substantial moisture deficits. Daily rainfall is anticipated to continue at least through Saturday. ???️?? Biden Administration Provides Win for Ethanol with SAF Tax Credits:President Joe Biden's administration announced recognition of the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model for companies seeking tax credits from Sustainable Aviation Fuel (SAF). The model paves the way for corn-based ethanol to qualify for SAF tax credits, offering growth opportunities for ethanol producers and farmers. The administration plans to update the methodology by March 1, potentially impacting SAF feedstock requirements. ?✈️?? Large Money Managers Trim Net Short Position in Corn:In the week ending December 12, "the funds" reduced their net short position in the corn market by 7,000 contracts. Funds were net sellers of 6,000 contracts of soybeans but net buyers of 29,000 contracts of Soft Red Winter (SRW) wheat. ???? USDA Reports Flash Sales of Soybeans:On Friday, US exporters reported flash sales of 134,000 metric tons (5 million bushels) of soybeans to China and 447,500 metric tons (16 million bushels) of soybeans to unknown destinations for delivery during the current marketing year. However, the US soybean export book remains 20% below the same period last year. ???Stay updated with the latest agricultural news and developments! ??? #Farmland #SoybeanCrush #BrazilRains #Ethanol #Corn #SoybeanSales ??️??✈️?