Crude vs. Corn: Why These Markets Are Splitting Apart

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.Oil prices exploded Thursday with WTI crude jumping 11% to $111.54/barrel—the biggest single-day gain in 6 YEARS! 😱 Gas prices are already feeling the heat at $4.11/gallon nationally, and the Iran situation is FAR from over. Trump has given Iran until Tuesday to open the Strait of Hormuz... the clock is ticking. ⏳In today's update we cover:🛢️ Oil's massive surge & what it means for corn prices🌽 Funds dump 22k corn contracts—but still sitting on HISTORIC net longs🫘 Soybean funds add 13k contracts with China buying🌾 Wheat funds go net LONG for the first time since June 2022!🌧️ Rain returning to HRW wheat country—bearish relief incoming?🌡️ Drought update—High Plains baking while the Corn Belt gets relief📦 Export sales: Corn strong, beans soft, wheat hits a marketing year LOW🥩 JBS strike OVER — 3,800 workers return as cattle market watches closely💥 Russia-Ukraine tensions flare again with a ship sunk in the Sea of AzovCPI data drops Friday with inflation expected at 3.4% — don't miss it! 📊👇 Drop your questions in the comments & don't forget to LIKE and SUBSCRIBE for daily market updates!