Hot and Dry?? Soybean and Spring Wheat Crops at Risk

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🚨 Daily Agricultural and Economic Update 📊🌍🌡️ Following another 5 days of cooler temps, 🔥 heat returns to US Corn Belt this weekend. Above-normal temps expected for 15 days. 🌧️ Next 10 days mostly dry; Euro model predicts minimal rain this week. Some rain possible for Iowa and Minnesota in 5-10 day forecast, leaving much of US corn and soybean areas dry. Extended GFS shows rain for eastern Corn Belt in early August; west remains dry. 🌽🌱 Fund traders maintain massive net short in corn market. CFTC data: "the funds" net buyers of 4k corn contracts; net short of 353k contracts, second largest on record. Funds net sellers of 20k soybean contracts; net short of 183k contracts, largest on record. Net sellers of 4k SRW wheat contracts. 📉 Ag groups urge domestic feedstocks in 45Z guidelines for tax credits to benefit US farmers and environment. 🐄 USDA reports flash sale of soybean cake and meal; 105,000mt sold Friday, 210,000mt total for 2024/2025 delivery. Cattle on Feed report viewed as neutral to somewhat positive. 📊🔔 Stay Updated:For more detailed analysis and predictions, make sure to subscribe to our channel. We provide regular updates to help you stay informed about the key factors affecting agricultural markets and the global economy.