China Imports a Record Amount of Soybeans, but NONE from the US

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 China Imports5:26 Crop Progress9:21 Brazil Planting Begins10:57 Russia Wheat11:54 Grain Shipments🌎 Welcome back! Today we’re breaking down key moves in global grain markets.📊 China Soybean DemandChina ramped up soybean purchases in August, bringing in a record 12.3mmt for the month. Stockpiles now sit at 6.8mmt—the highest since March. While the US export window is just opening, China continues to rely heavily on Brazil amid the ongoing US-China trade war.🌽 US Corn & Soy ConditionsCorn ratings slipped slightly, with 68% good/excellent vs. 69% last week, still the best since 2018. 4% of the crop is harvested vs. 3% average. Soybean ratings dipped to 64% g/e, the lowest of the year. 21% of beans are dropping leaves—a touch ahead of average.🌾 Wheat UpdateSpring wheat harvest is 85% complete, nearly in line with average. Winter wheat planting is just getting started at 5%, steady with last year.🇧🇷 Brazil Planting PaceAgRural reports 12% of first corn crop planted, behind last year’s 15%. Soybean planting has just begun at 0.2%. USDA projects 131mmt corn and 175mmt soybeans for Brazil this season.🇷🇺 Russia’s Bigger Wheat CropSovecon lifted its wheat estimate to 86.1mmt, matching IKAR’s latest call. Black Sea production strength continues to weigh on global wheat prices.🚢 Export InspectionsCorn: 1.4mmt (57m bu)—up 70% vs. last year 📈Soybeans: 452k mt (17m bu)—+24% y/yWheat: 425k mt (16m bu)—down sharply w/wDon’t forget to subscribe, drop a 👍, and share your thoughts in the comments. Your support helps keep this channel going!