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0:00 Joe's Resting B Face
1:30 Corn Belt Heat Wave
3:28 Argy Meal to China
5:08 ADM Stock Rises
7:47 Farmer Sentiment
9:20 Big Ukraine Crops
10:39 Corn Flash
๐ฝ๐ฅ Heat, Trade, and Biofuels โ Big Moves in Ag This Week! ๐๐ฅ
Hey farmers, traders, and ag market watchers! ๐จโ๐พ๐ This weekโs update is packed with key developments you wonโt want to miss! Letโs break it down โฌ๏ธ
๐ก๏ธ โ๏ธ Heat Wave Hits the Corn Belt!
A two-week scorcher is headed for the Corn Belt! CropProphet forecasts temps 3โ4ยฐF above normal, with near-normal rain at first, then slightly drier. Some say warm weather during grain fill can help corn and soybean yieldsโif moisture holds up. What do you think? ๐ค
๐จ๐ณ๐ฑ China Buys Big from Argentina
Chinaโs diversifying! They've now bought 3 cargos of ๐ฆ๐ท soybean meal (via Bunge), plus approved the first-ever Argentine corn shipment! ๐ฆ And with a $900M letter of intent signed for soy, corn, and oil... trade ties are heating up like the weather! ๐ฅ
๐ข๏ธ ADM Sees Biofuel Boom Ahead ๐
Despite earlier scandals, ADM is riding high ๐โshares up 15% YTD. They expect higher biofuel mandates to fuel future profits, especially in Q4. Clarity in policy = bullish long term?ย
๐ Farmer Sentiment Slips ๐
The Purdue/CME Ag Economy Barometer fell to 135 in July, with both present and future outlooks lower. But there's a silver lining: ๐ optimism about trade is up, and most believe the US is heading in the right direction.ย
๐พ Ukraine Crop Outlook Improves ๐
Ukrainian wheat and corn production could exceed forecasts if weather holds. With grain production near 56mmt and exports projected to hit 40mmt, winter wheat acres are set to rise ๐.ย
๐จ USDA Flash Sale (Kind ofโฆ)
USDA reported a flash soybean saleโbut wait! Correction: it was actually corn! ๐
This is the second correction in two weeks. Sale totals 5 mil bushels to unknown buyers for 2025/26.ย
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