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0:00 Corn Ratings Improve
3:15 USDA Snoozefest
8:39 US Weather
10:19 Big Brazil Corn Crop
11:44 Cattle and Mexico Border
13:03 Grain Shipments
14:22 Flash Sale
🌽 Crop Conditions Improve! USDA Surprises & Brazil Corn Booms! 🌱
👋 Welcome back! In this update, we’re diving into the latest crop condition ratings, trade surprises from the USDA, weather outlooks, and key developments out of Brazil and the southern US border. Let’s dig in! 🚜📊
🌽 Corn Conditions Climb
National corn rated 73% good-to-excellent 📈 — best since 2020!
Trade expected 70%… surprise!
Only 5% of the crop is poor/very poor 🚫
🌱 Soybeans Steady
66% good-to-excellent, unchanged and above the 5-year average
📉 Futures Pressure
New crop corn flirting with fresh lows this morning as ratings improve…
📋 USDA June 30th Report: Mostly a Snoozer
Corn acres: 95.2M vs. 95.3M est.
Soybean acres: 83.4M vs. 83.5M est.
Corn stocks in line ✅, soy and wheat stocks a touch high
🌤️ Weather Outlook
Dry week ahead, especially for central and eastern Corn Belt 🔥
Western Iowa and Minnesota get the best rain
8–14 day forecast looks wetter 🌧️ (Euro model more optimistic than GFS)
Heat stays for now, but relief may come next week 🌡️
🇧🇷 Brazil Corn Surprise
AgRural bumps total output to 130.6 MMT 🚛
Safrinha corn: record 103.4 MMT
Harvest pace still behind last year (18% vs 49%) ⏳
Big supply, but delays persist…
🐄 Feeder Cattle Border Reopens
USDA starts gradual reopening for Mexican imports 🐮
First port: Douglas, AZ—more to follow
Screwworm progress equals cautious optimism
Market already supported by lowest herd since 1950s 🔥
🚢 Export Inspections
Corn: 1.4 MMT down 9% vs last week, but +65% YoY
Soybeans: 224K MT, soft vs last year
Wheat: 434K MT, strong print! 💪
📦 Flash Sale!
204,000 MT of soybean cake and meal sold to unknown destinations
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💬 What do YOU think the markets will do next? Drop your take in the comments below!
#GrainMarkets #Corn #Soybeans #USDA #CropProgress #AgNews #BrazilCorn #Weather #Exports #FeederCattle #Farming
