Why Did Corn Prices TANK on Monday??

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0:00 Corn Selloff
3:00 Corn and Soybean Planting Pace
7:04 Wheat Progress / Conditions
8:13 Russian Wheat Pricing
9:09 Tyson Slump
11:24 Grain Shipments

📉 Grain Markets Under Pressure! 🌽🌾💥
Corn futures took a dive Monday as fast US planting progress and favorable weather set a bearish tone. Jul25 corn dropped nearly 15¢ to $4.54. Traders are eyeing next week’s USDA numbers and watching Brazil’s second crop flourish. 🇺🇸🌤️🇧🇷

🚜 US Planting Progress 🌱
Corn planting is 40% complete—slightly behind trade guesses but still ahead of average. Soybeans are at 30%, also ahead of normal pace. Drier weather this week should accelerate progress across the Corn Belt. 🌽🌿

🌾 Wheat Ratings & Progress 📈
Winter wheat condition improved to 51% good-excellent, beating expectations. Spring wheat planting also moved forward at 44% complete. Russia's new crop wheat offers are pressuring global markets as frost fears fade. 🇷🇺💧

🥩 Tyson Foods Tumbles 📉🐄
Tyson shares sank despite a strong Q2 report, as beef sector losses mount. The US cowherd is at its smallest since 1961, driving cattle costs sky-high. Ranchers may finally be turning the corner on herd rebuilding. 💸📉

🚢 Export Update 🚢
US corn inspections dipped to 1.6mmt but remain solid YoY. Soybean and wheat inspections missed expectations, with both down sharply from last week. 📊🌍

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