Joe is a Coward, Rain in Northern Illinois

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 Non-Drought and Illinois Rain6:36 USDA Preview14:50 Export Sales17:42 CONAB20:21 USDA Secretary Mackenzie24:07 Flash Sale🌾 USDA Report Today USDA will release its monthly Crop Production & WASDE report at 11:00am CST. 📉 July rarely brings yield changes, so traders will focus on demand. Corn export pace could lead to higher old-crop exports—but lower feed demand might offset it. 🌍 Global balance sheet adjustments also likely. 🌧️ Drought Monitor Update Rain helped drought in western Missouri, southwest Iowa & northern Minnesota. 🌾 But conditions worsened in central/northern Illinois & Michigan. ⚠️ New drought concerns in western Ohio, southern Indiana & northern Kentucky. High Plains: Nebraska improved, but drought deepened in northeast North Dakota, central South Dakota, & western Kansas. US areas in drought: 🌽 Corn 12% | 🌱 Soybeans 9% | 🌾 Winter Wheat 26% | 🌱 Spring Wheat 35% | 🐄 Cattle 16%  📈 Export Sales Strong Corn sales surged to 1.3mmt (50mil bu), 70% above the 4-week average—Mexico led buying. Soybeans at 503,000mt (18mil bu), up 9% w/w; unknown destinations were top buyers. Wheat at 567,800mt (21mil bu), slightly down w/w but 37% above the 4-week average; South Korea led demand.🇧🇷 Brazil Corn Crop Record Conab forecasts corn at 132mmt—up 2.9% from last month & 14.3% higher than last season. 🌽 Boost driven by a strong second crop (+16%). Corn exports raised to 36mmt (+6%). Slight cut to soybean forecast: now 169.5mmt, still up 14.7% vs last season.  🐄 Feeder Cattle Imports Halted USDA suspended Mexican feeder cattle imports after a new screwworm case, just 370 miles south of the border. 🇲🇽 Mexican President Sheinbaum called it an overreaction. Imports had resumed only Monday at an Arizona port after a May closure. YTD imports through April were 193,000 head, down ~60% from last year.  🚢 Flash Corn Sale US exporters sold 110,000mt of corn to unknown destinations for 2025/26. 🌽 New crop corn sales are off to a strong start—the third best since 2020/21.