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Short-Covering + RECORD Soy Crush

Short-Covering + RECORD Soy Crush

FromGrain Markets and Other Stuff


Short-Covering + RECORD Soy Crush

FromGrain Markets and Other Stuff

ratings:
Length:
12 minutes
Released:
Mar 18, 2024
Format:
Podcast episode

Description

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.Fund traders made notable adjustments in commodity markets, reducing their net short position in corn while maintaining a significant position in soybeans, according to the latest CFTC data. Meanwhile, the National Oilseed Processors Association (NOPA) reported a record soybean crush for February, surpassing expectations and contributing to increased soybean oil stocks. ???Former President Trump's rhetoric on trade escalated over the weekend, as he threatened to impose 100% tariffs on cars built by Chinese companies in Mexico if reelected. This follows earlier threats of tariffs on Chinese goods, highlighting ongoing tensions in global trade dynamics. ???USDA reported a flash sale of corn to unknown destinations, adding to robust export activity in the commodity. However, geopolitical tensions escalated with reports of a Russian drone attack damaging agribusinesses in Odesa, Ukraine, underscoring the broader impact of regional conflicts on agricultural operations. ??Stay informed about market fluctuations, trade developments, and geopolitical risks as they influence investment strategies and commodity prices. Monitor CFTC data, industry reports, and geopolitical news to navigate evolving market conditions effectively. ???
Released:
Mar 18, 2024
Format:
Podcast episode

Titles in the series (100)

Joe Vaclavik discusses the grain markets, the business of farming, news related to agriculture, and a variety of other topics.