US/Mexico Rail Situation Gets Serious- Grain Exports 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.🚂🌽 The Biden administration is facing pressure from agricultural groups and politicians to reopen the US-Mexico railroad crossings that were closed due to an influx of migrants. Operations are expected to return to normal by January, according to a Mexican official.🌧️ Rainfall has hit key Brazilian soybean areas, providing relief to some regions with moisture deficits. However, the dry period is expected to return early next week before more rain is forecasted around January 2nd.🌽🚢 Brazil has become China's top corn supplier, supplying 90% of China's corn imports in November. Brazil's corn exports to China have surged this year, while US corn imports by China have been lower due to various factors, including drought-related shipping disruptions.📉 US ethanol production declined slightly last week, with ethanol stocks increasing. Implied gasoline demand was down compared to the previous week but remains higher than the same period last year.🚢🛢️ Despite rising tensions in the Red Sea, energy markets have remained relatively stable. Naval deployments in the region aim to deter further Houthi attacks, but experts believe the disruptions will be temporary, and shipping companies will return to using the Suez Canal.⛽ Gasoline prices have seen an increase, posting their largest one-day gain since August due to Red Sea disruptions. Gasoline prices are expected to trend higher as oil prices remain strong amid the disruptions.