Chinese Imports of Brazilian Corn and Soybeans SURGE

Grain Markets and Other Stuff

English - March 21, 2024 11:00 - 13 minutes - 18.3 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: Will MILLIONS of Dollars from the USDA Expand Global Markets??

Next Episode: Biden Finalizes Rule to INCREASE EV Sales

Joe's Premium Subscription: www.standardgrain.com

Grain Markets and Other Stuff Links-

Apple Podcasts
Spotify
Google
TikTok
YouTube

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

Brazil dominates China's corn and soybean market 🇧🇷🌽🌱, with imports surging. Brazilian corn imports skyrocketed by 178%, accounting for 66% of China's total, while US imports plummeted by 67% to 12%. Similarly, Brazilian soybean imports soared 211%, making up 53% of China's total, while US imports fell 51% to 38%.

Excessive rainfall threatens Argentine crop yields 🇦🇷🌧️, potentially damaging corn and soybean crops. Despite alleviating drought in some areas, oversaturation poses risks to harvests, with estimates of soybean production at 50 million tons and corn at 57 million tons likely impacted.

USDA reports flash sale of soybeans 🛒, with 120,000mt sold for delivery during the 2024/2025 marketing year.

US ethanol production rises 📈, reaching 1.05 million barrels last week, up 2.1% from the previous week and 3.2% year-over-year. Stocks remain stable, with gasoline demand showing mixed trends.

Federal Reserve maintains rates and monetary outlook 🏦, signaling three rate cuts this year despite inflation uptick. Market response is positive, with S&P 500, Dow Jones, and Nasdaq all reaching new highs. Probability of rate cuts starting in June rises to 75%. 📉📈🇺🇸