More Direct Farm Payments are Coming - How Much?? $10Bil?? $15Bil?? Who Benefits?
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Direct Payments4:12 US/China Talks5:45 Brazil Soy Planting Starts8:17 Crop Progress/Conditions10:13 NOPA Soy Crush11:19 Tyson and High-Fructose Corn Syrup13:26 Grain Shipments are Strong14:31 Flash Sale🌾 Welcome back! Today we’re covering fresh updates on farm aid, trade talks, crop conditions, and global markets.💰 USDA Aid & Farm SupportUSDA Secretary Brooke Rollins said the agency is weighing another round of farmer payments this fall. Rising input costs, weak markets, and stalled trade talks with China are driving the conversation. Past programs (MFP & ECAP) totaled more than $30B combined, and this round could land near $10B—or higher.🌍 Trade & China UpdatePresident Trump will speak with President Xi on Friday after trade meetings in Madrid. While talks were “very good,” China has yet to book any US soybeans this marketing year. Trump may lean on direct payments to farmers unless a favorable deal emerges.🌱 Brazil Planting & ProductionBrazilian farmers are just starting soybean planting—0.12% complete vs. 0.06% last year. AgRural projects a record 176.7mmt soybean crop, while USDA pegs corn at 131mmt. Dry weather could slow progress.🌽 US Crop Progress & ConditionsCorn: 67% G/E rating (highest since 2018 for the week), 7% harvested.Soybeans: 63% G/E, 5% harvested—slightly behind LY but ahead of avg.Wheat: Winter wheat planting 11% (vs. 13% avg), spring wheat harvest 94%.🏭 Crush & ProcessingNOPA August crush: 189.81M bu—record for August, +20% YoY, above trade expectations. Soybean oil stocks fell to 1.245B lbs, the lowest since Dec 2024.🍗 Tyson & Corn SyrupTyson will phase out high-fructose corn syrup, sucralose, and dyes by year-end under the “Make America Healthy Again” initiative. Corn syrup accounts for ~3% of US corn demand. One study suggests Tyson’s feed needs cover 10M acres of corn & soy.🚢 Exports & SalesUS corn shipments: 1.5mmt (60M bu), +167% YoY. Soybeans: 804k mt (30M bu), +70% YoY. Wheat: 755k mt (28M bu), +28% YoY. Plus, USDA announced a flash sale of 6M bu of corn to unknown buyers.👉 Stay tuned, drop your thoughts in the comments, and don’t forget to subscribe for the latest ag market insights!