US Corn Growers are LOSING the SAF "Race"

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.Brazilian Ethanol and SAF Production: LanzaJet in Georgia is launching SAF production using Brazilian sugarcane ethanol, awaiting American corn ethanol improvements for SAF tax credits. 🌱🇧🇷🛫Rainfall Impact and Weather Models: Recent rain in North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Michigan, Indiana; conflicting Euro and GFS weather model predictions for Iowa, Illinois, Indiana, with government WPC map maintaining Iowa rainfall but leaving eastern Corn Belt drier. 🌧️🗺️🌽US Dollar Strength and Safe-Haven Status: US dollar reaches five-month high against euro and highest level against Japanese yen since 1990, attributed to hawkish remarks by Fed Chair Powell and safe-haven bounce due to rising Iran-Israel tensions. 💵📈🌍Grain Production Decline in Ukraine and Russia: Ukraine's grain harvest forecasted to decline by 10% due to reduced planted acres, with soybean acres rising sharply by 22%; Russia's grain harvest projected to decline by 9% this year. 🌾📉🇺🇦🇷🇺Interest Rate Outlook and Inflation Concerns: Fed Chair Powell suggests interest rates may need to stay higher for longer due to stubbornly high inflation, impacting Wall Street expectations with first rate cut pushed back from June to September. 💼📉📊