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Commodity PARTY!! Will Grains Ever Be Invited??

Commodity PARTY!! Will Grains Ever Be Invited??

FromGrain Markets and Other Stuff


Commodity PARTY!! Will Grains Ever Be Invited??

FromGrain Markets and Other Stuff

ratings:
Length:
11 minutes
Released:
Apr 8, 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.Commodity Sector's Strong Week: The Bloomberg Commodity Index records its best performance in nine months, surging by 3.4%, buoyed by gains in coffee, silver, lean hogs, gold, and select energy markets, yet grain prices remain subdued amid broader market rally. ?☕??Fund Traders' Positions: Net short positions in the corn market increase as funds sell contracts, maintaining historically large bearish stance, while soybeans witness a similar trend with net short positions near record levels; modest buying seen in SRW wheat futures. ???Rainfall Outlook for the Corn Belt: Eastern areas of the Corn Belt expected to receive favorable rainfall, benefiting parts of Missouri, Illinois, Indiana, Michigan, and Ohio, while western regions remain dry; 10-day Euro model predicts rainfall for North Dakota, South Dakota, Nebraska, Minnesota, and Iowa. ?️??️SAF Subsidy Model by Biden Administration: Preliminary model for Sustainable Aviation Fuel (SAF) subsidy to be released next month, potentially imposing stricter criteria favoring sustainable agriculture practices for corn used in SAF production, disappointing ethanol industry expecting broader eligibility options. ?✈️?Argentina's Corn Estimate Reduction: Buenos Aires Grains Exchange revises down corn forecast to 52mmt due to increased prevalence of leafhoppers spreading disease, impacting crop development; soybean crop harvesting underway, projected at 52.5mmt. ????US Job Growth Surges: March sees robust job additions of 303,000, surpassing expectations, while average hourly wages grow at slowest pace since June 2021, indicating moderate wage inflation; rising workforce participation suggests healthy labor market conditions. ???
Released:
Apr 8, 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.