Corn Exports Continue to be a WOW!
March 11, 2025
11,341
363
31
3.47%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Grain Markets and Other Stuff Episodes Around March 11, 2025
See what was published immediately before and after this episode.
12:45Now PlayingCorn Exports Continue to be a WOW!
Chapters
YouTube Description
as posted by the channel🌽 Strong US Corn Shipments, Mixed Results for Other Grains
US corn shipments surged last week, with USDA reporting 1.8 million metric tons (72 million bushels) shipped for the week ending March 6. This exceeded expectations, rising 35% from the prior week and 56% from the same period last year. 🚢📈 Soybean shipments also increased, reaching 844,218 metric tons (31 million bushels), up 21% from the previous week and 7.5% year-over-year. Meanwhile, wheat shipments fell short of expectations at 216,173 metric tons (8 million bushels), marking a 45% decline from the prior week and a 55% drop compared to last year. 📉🌾
🇨🇦 Canola Market Hit by China’s Tariffs
Canola prices tumbled after China imposed a 100% tariff on canola oil and meal in retaliation for Canada’s tariffs on Chinese EVs. While Canadian farmers faced significant losses on Monday, prices stabilized somewhat today. Notably, canola seed exports remain unaffected for now. With 95% of canola exports heading to the US, Canadian producers are in a tough spot. Today’s price limits are set at $40 following Monday’s steep drop. 🌍⚖️
🇧🇷 Brazil’s Soybean Harvest Progressing, Weather Concerns Persist
Brazil’s soybean harvest is moving faster than last year, with 61% of the crop harvested as of last Thursday, compared to 55% at the same time in 2023. However, concerns remain over soybean yields in Rio Grande do Sul due to hot and dry conditions. 🌞 Brazil’s second corn crop planting is nearly complete, with 92% finished—just shy of last year’s 93%. Farmers remain cautious about crop development amid ongoing dry weather challenges. 🌽🇧🇷
📊 USDA Crop Production & WASDE Report Due Today
The USDA will release its monthly Crop Production and WASDE report at 11 AM CST. While the report is usually uneventful, traders will be watching for any adjustments related to trade policies. Analysts expect US corn ending stocks to decline, while soybean stocks should remain mostly stable. No major changes are anticipated for South American crops. 📉🌍
📉 Stock Market Slumps Amid Recession Fears
The stock market took a hit on Monday due to growing recession concerns. The Dow Jones fell 2.1%, the S&P 500 dropped 2.7%, and the Nasdaq plunged 4%, marking its worst session since September 2022. Tech stocks saw steep losses as investors worried about the economic impact of President Trump’s proposed tariffs, spending cuts, and geopolitical shifts. Adding to concerns, Trump refused to rule out a US recession over the weekend, calling the current economic situation a "transition period." Economic fears also led to a sharp decline in the 10-year Treasury yield, which dropped to 4.2% from its recent 4.8% peak. 📉💰
🚀 USDA Reports Two Flash Sales
US exporters reported two major sales on Monday:
126,000 metric tons (5 million bushels) of corn sold to Japan for the 2024/2025 marketing year.
195,000 metric tons (7 million bushels) of soybeans sold to unknown destinations for the 2024/2025 marketing year. 🌎📦
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.