Drought Impacts US Winter Wheat and Cotton Crops

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.🌾 Crop Markets Update | Wheat Ratings Sink, Cotton Surges & Iran Tensions Rattle MarketsWinter wheat is struggling — rated just 35% good-to-excellent, the lowest since 2023 and well below the 5-year average. 🌧️ Rainfall is on the way for parts of the Plains, but the west remains dry. USDA projects US wheat acreage to hit its lowest level since 1919. 📉🌿 Brazil's soy harvest is 82% done, but dryness is threatening the second corn crop. Rain in the forecast this week could help.🇺🇸 Cotton futures surged to their highest since December as drought grips 88% of US cotton areas—even as the USDA projects a jump in intended plantings.⚠️ Geopolitical risk is front and center — Trump's Iran ultimatum deadline hits tonight at 8pm EST. Markets are watching closely.📦 On the export front, corn shipments came in strong at 79M bushels — up 24% year-over-year. Soybeans beat expectations too.