Derecho Update + More Direct Farm Payments??

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.🎥 Severe Storms Slam Midwest + Market Moves & China Soy Woes ⚡🌽💼Hey everyone! Big weather and market headlines to cover today — let's get into it 👇0:00 Derecho Update3:46 Corn and Soybean Price Action5:45 Govt Payments??8:26 Soy Demand Problems (China)9:30 US/China Talks10:51 Oil Refiners🌪️ Midwest Storms Cause ChaosSevere storms tore through the Upper Midwest on Monday night with wind gusts up to 130 mph reported from eastern South Dakota to western Wisconsin. Crops like sorghum sudan and corn were knocked flat in spots, and a South Dakota dairy suffered major structural damage. Tornadoes and large hail also hit parts of Iowa and South Dakota. Was it a derecho? Still unclear. 🤔💨 CropProphet has a killer wind speed map by county (see below). Despite the destruction, crop damage appears minimal based on early reports. Remember: the 2023 derecho didn’t crush yields either. 🌾📉 Markets Take Another HitCorn and soybean futures were down for the 3rd straight session:Dec25 Corn: ⬇️ 3¢ to $4.11/buNov25 Soybeans: ⬇️ 2¢ to $10.10/buWheat also dropped:Dec25 SRW: ⬇️ 9¢ to $5.50/buDec25 HRW: ⬇️ 7¢ to $5.40/buCooler weather + rain = bearish sentiment 📉🌧️🐖 China Soybean Demand WeakensChina’s Q4 soy demand looks soft due to:Record early-year importsWeak feed sector demandCrushing margins still ugly 😬Some plants have shut down for lack of storage. And still — no US new crop soy sales to China yet. Argentina meal is doing the heavy lifting. 📊🇺🇸🇨🇳 US-China Trade Talks ContinueTrade talks in Stockholm ended without a new tariff truce agreement, but more discussions are planned. Deadline: August 12. Will Trump approve an extension? Decision coming soon. 🤝🕰️🛢️ Refiners vs. BiofuelsThe AFPM is fighting Trump’s push to boost ethanol mandates to E15, saying it could cost refiners $70 billion. They're also blaming proposed EPA rules for refinery shutdowns — but the real issue may be declining gasoline demand. ⛽📉👍 Like, 💬 comment, and 🔔 subscribe for more ag + market updates every week!#StormDamage #GrainMarkets #ChinaSoy #Derecho #Ethanol #TradeTalks #AgNews #CornBelt #Soybeans #FarmingNews #TrumpTariffs