Vessel Fee News: Are Grain Shipments at Risk? + 3-Month Weather Outlook
April 21, 2025
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13:48Trump Talks MFP and Farmers, Are More Direct Farm Payments Inevitable??
13:37Now PlayingVessel Fee News: Are Grain Shipments at Risk? + 3-Month Weather Outlook
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🚢 Trump Scales Back Ship Tariffs
The Trump admin has softened its stance on China-built ship fees. Instead of $1.5M per port call, vessels will now face fewer charges — and empty grain/coal ships are exempt! 🌾⛴️
🌧️ Rain in the Plains & Corn Belt
Big weekend rains hit parts of Oklahoma, Missouri & beyond. More on the way for the Southern Plains. NOAA’s 3-month outlook just dropped — maps inside! 🗺️
🌽 Drought Monitor Update
Dry week for much of the Corn Belt. Drought eased in some parts of MN/WI but worsened in NE & KS.
🔹 Corn: 30%
🔹 Soybeans: 23%
🔹 Winter Wheat: 34%
🔹 Spring Wheat: 43%
🔹 Cattle: 38%
📈 Funds Go Long Soybeans
CFTC shows big fund buying — soybeans saw the largest net-long since Feb! Corn and wheat also saw fresh buying. 📊
🇯🇵 Japan Trade Talks
Japan may boost soybean & rice imports. Corn trade steady. Trump presses on tariffs & ag exports — no deal yet, but “big progress.” 🤝
🛢️ Ethanol Exports Boom
U.S. ethanol exports already over 1B gallons this year 🚀
🇨🇦 Canada = top buyer
🇪🇺 EU = huge YOY increase
🚚 Corn & Soybean Export Sales Surge
Corn sales up 99% on the week 📦 Mexico leads. Soybeans also strong. Wheat? Not so much.
🐄 Cattle on Feed Report
Slightly bearish tone — placements up, but still below the 5-year avg. Neutral-to-bullish read overall 📉📈
👇 Click to view full charts, reports & USTR statements.
Don’t forget to like 👍, subscribe 🔔, and share your thoughts in the comments 💬!
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