US/Mexico Rail Shutdown: Big Deal for Corn Market??

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.0:00 Intro + Mexico Rail Shutdown2:58 Reduced Brazil Corn Acreage?5:52 Red Sea Attacks7:18 Export Shipments8:18 Goldman Stock Market Target9:44 Cattle and Outside Markets🚂🇺🇸🇲🇽 US-Mexico railroad border crossings temporarily closed due to migrant surge, impacting supply chains for essential commodities like grain, industrial products, and cars.🌽🇧🇷 Brazilian farmers delay fertilizer purchases for the second corn crop due to drought and soybean planting delays, affecting crop production.🌱🚢 US soybean shipments improved with 1.4 million metric tons (52 million bushels) inspected for export, showing a +41% increase compared to the previous week but a -28% decrease versus the same week last year. Corn shipments also increased by 31%, totaling 947,418 metric tons (37 million bushels), while wheat shipments decreased by 10%, with 284,792 metric tons (10 million bushels) reported.📈📊 Goldman Sachs has raised its 2024 forecast for the S&P 500, projecting it to reach 5,100 next year, up from the previous target of 4,700. The S&P 500, currently at 4,740, is just 1.2% below its January 2022 high. The market has seen significant gains since late October, primarily driven by expectations of rate cuts in 2024, with the Fed announcing plans for a 0.75% reduction, while the market anticipates a larger cut of 1.5%.