Carbon Pipeline Problems + Middle East Conflict

Grain Markets and Other Stuff

English - April 15, 2024 10:00 - 11 minutes - 16.4 MB - ★★★★★ - 249 ratings
Management Business News Business News farm farming agriculture grain markets corn soybeans wheat soybean tractor Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Is USDA Lying About Brazil?? (Corn and Soybean Production)

Next Episode: Record US Soy Crush + Planting Progress

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Futures and options trading involves risk of loss and is not suitable for everyone.

Summit Carbon Solutions Pipeline Challenges: Start date for the world's largest carbon capture-and-storage project delayed until early 2026 due to farmer resistance and regulatory hurdles, leading to rerouting of pipeline 6,300 times and nearly doubling estimated cost to $8 billion; proponents argue pipeline is crucial for ethanol industry's competitiveness amid global carbon reduction efforts. 🛢️🌱💰

Iran's Attack on Israel: Iran launches unprecedented attack on Israel using 350 drones and missiles, intercepted by Israel and western allies; Israel weighs response while Biden administration refrains from backing retaliatory strike to avoid regional conflict, leading to lower crude oil futures. 🚀🇮🇷🇮🇱

Grain Complex Fund Traders Position: Fund traders maintain historically large net short positions across corn, soybeans, and SRW wheat, with net short of 256k contracts in corn and 126k contracts in soybeans; slight buying observed in SRW wheat. 🌾📉💹

Chinese Demand Trends: Chinese soybean imports drop nearly 20% in March to four-year low, attributed to weakened feed demand and consumer consumption, with anticipation of rise in second quarter post-Brazil harvest completion; China may cancel European corn shipments to support domestic prices amid bumper crop and reduced feed demand. 🇨🇳🌱📉

NOPA March Crush Data Expectations: Traders anticipate NOPA members crushed record-high 197.8 million bushels of soybeans in March, up 6.2% from February and 6.4% from March 2023, with soybean oil stocks forecast at 1.8 billion pounds, up 6% from February but down 3.2% from March 2023; NOPA report to be released today. 🌱📈📊

US Soybean Flash Sale: US exporters report fourth flash sale of soybeans since April's start, totaling 124,000mt for 2023/2024 marketing year, bringing total flash sales for April to 654,404mt. 🌱🚢💼