Corn Market WINNING Streak! What's the Deal??

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0:00 Corn Winning Streak
5:22 US Weather / Drought
10:01 SRE Rumors
11:26 Tax Bill and Bonds
14:59 Export Sales
19:30 India Wheat

🌽 Corn Climbs Again! + Biofuel Buzz & Drought Data 🔥

📈 The CBOT corn market kept up the momentum Thursday! July25 corn closed higher for the 4th straight session, settling at $4.63/bu, thanks to technical support. But... deferred months slipped on a strong US dollar and weaker oil. Rain is on the way for the Corn Belt 🌧️—a good sign for crop development! 🌎 The International Grains Council also raised its 25/26 global corn production forecast by 3 MMT to 1.3B tons. 

🗺️ USDA Drought Monitor: Mixed Bag
The latest drought monitor shows:

🌽 Corn in drought: 20%
🌱 Soybeans: 17%
🌾 Winter Wheat: 23%
🌾 Spring Wheat: 38%
🐄 Cattle: 29%

Big gains in Nebraska & the Dakotas due to massive rainfall, but worsening in Indiana, Illinois, and Minnesota. 

🛢️ Soybean Oil Swings on Biofuel Rumors!
A wild day for soybean oil! 🌀 Rumors of Trump’s EPA approving backlogged Small Refinery Exemptions (SREs) spooked the market — until the EPA denied it. Was someone trying to manipulate RIN prices? 🤔

🏛️ Trump's Domestic Package Passes House
The House passed Trump's multi-trillion dollar bill (215-214)—now it heads to the Senate 🚨. Key items for agriculture and energy:
🌱 45Z extended through 2031
🌎 Foreign feedstocks banned
🛬 Still no language on Sustainable Aviation Fuel

🌐 Export Sales Snapshot
🌽 Corn: 1.2mmt — Japan 🇯🇵 leads
🌱 Soybeans: 308kmt — Mexico 🇲🇽 leads
🌾 Wheat: -13kmt — Colombia 🇨🇴 leads

🇮🇳 India Eyes Record Wheat Crop
India could harvest a record 117mmt wheat crop! Favorable weather + strong seeds = BIG yields 🌾. Flour millers are pressuring for export bans to be lifted as stockpiles grow 📦.

#CornMarket #GrainPrices #DroughtUpdate #BiofuelNews #USDA #TrumpBill #AgPolicy #SoybeanOil #ExportSales #IndiaWheat #FarmEconomy #5MinuteFriday 🌽📊💼