2 min listen
Could Soybeans Become the "King" of US Crops??
Could Soybeans Become the "King" of US Crops??
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Length:
11 minutes
Released:
Mar 28, 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.Bloomberg's report highlights soybeans' potential ascent to America's top crop, fueled by soaring demand for soybean oil driven by President Biden's green energy agenda. This shift threatens corn's dominance as EV adoption reduces ethanol demand. Today's USDA Prospective Plantings report unveils projections of decreased corn acreage and increased soybean acreage, alongside larger stockpiles of corn, soybeans, and wheat. ???Agroconsult raises its estimate for Brazil's soybean production to 156.5mmt, citing increased planted acres. However, concerns arise over China's soybean import data accuracy, with discrepancies between Chinese and US/Brazilian figures. Meanwhile, US ethanol production edges up slightly, indicating modest growth amidst fluctuating gasoline demand. ????
Released:
Mar 28, 2024
Format:
Podcast episode
Titles in the series (100)
Teaser by Grain Markets and Other Stuff