6 min listen
Record US Soy Crush + Planting Progress
Record US Soy Crush + Planting Progress
ratings:
Length:
11 minutes
Released:
Apr 16, 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.NOPA March Crush Data: NOPA reports record-high soybean crush of 196.4 million bushels in March, up 5.5% from February and 5.7% from March 2023, with end-of-month soybean oil stocks increasing to 1.9 billion pounds, surpassing pre-report estimates; largest end-of-month supply since May. ???US Corn Planting Progress: US corn planting slightly ahead of schedule at 6% nationally, vs. 5% on average, with notable progress in IA, MO, NE, MN, while states like CO, MI, ND, OH, PA reported no planting; soybean planting at 3% complete nationally. ???US Winter Wheat Ratings: US winter wheat ratings remain strong at 55% good-excellent nationally, best since 2020, with only 13% rated poor to very poor; crop 11% headed nationally, while US spring wheat planting progresses to 7%. ?⛅️?Anticipated Interest Rate Increase: Major banks project Fed's likelihood to raise interest rates, citing strong US economy and persistent inflation, with UBS estimating rates could climb as high as 6.5% by early next year, potentially leading to equity decline of 10% to 15%. ???US Grain Shipments: US corn shipments decline to 1.3mmt, soybean shipments at 432,905mt, and wheat shipments surpass pre-report estimates at 551,278mt; USDA reports flash sale of corn to Mexico totaling 165,000mt, with 135,000mt for 2023/2024 and 30,000mt for 2024/2025 marketing year. ???
Released:
Apr 16, 2024
Format:
Podcast episode
Titles in the series (100)
Morning Audio 1/30/20 by Grain Markets and Other Stuff