Grain Shipments at Risk? Trump's New Vessel Fees Hit Next Month

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 Great Hair1:03 Vessel Fees3:28 Corn/Soy Action7:27 Export Sales10:38 CONAB12:12 Corn Belt Drought and Yields🌎 Welcome back to Grain Markets & Other Stuff!Today we’re breaking down new US ship fees on Chinese vessels, grain market moves, export sales, and fresh drought data. Let’s dive in 👇🚢 US Ship Fees & Grain ImpactThe US will impose new fees on Chinese-built and Chinese-operated ships starting October 14.Ships both built and operated by Chinese companies will face the highest costs.Foreign-operated ships built in China will pay lower fees.Bulk carriers like Panamax vessels (65,000–80,000 DWT)—which move most grain exports—are exempt, after pushback from farm groups earlier this year.👉 Grain exports are unlikely to see major disruption.📉 Grain FuturesCorn (Dec25) slipped to $4.24/bu.Soybeans (Nov25) dropped to $10.38/bu.Wheat followed lower.Weakness tied to harvest progress, a stronger US dollar, and softer biofuel demand.📦 Export Sales UpdateCorn: 1.2 mmt (48 mbu), up 128% vs last week. Mexico led for 4th week in a row.Soybeans: 923k mt (34 mbu), up 71%. Egypt the top buyer. Still no China purchases yet.Wheat: 377k mt (14 mbu), near low end of expectations. Philippines the largest buyer.🇧🇷 Brazil’s Record Crop OutlookSoybeans: 177.7 mmt (+3.6%), acreage up 3.7%, exports up 5.1% to 112.1 mmt.Corn: 138.3 mmt, exports up 16% to 46.5 mmt.🌾 Drought MonitorCorn Belt drought worsening: 37% affected, up 17% from last week.Extreme drought in eastern Ohio & SE Missouri.High Plains saw slight improvement in ND, SD, and KS.USDA drought data shows:Corn: 25%Soybeans: 36%Winter Wheat: 44%Spring Wheat: 13%Cattle: 23%🚨 Flash Sale to MexicoUS sold 110,000 mt (4 mbu) corn for 2025/26 delivery. Corn sales are now running 68% above last year’s pace.