Soybean Oil Drops 6%, Drags Soybeans Lower, Why??

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🌱 Soybeans Rally Again!

Soybean futures climbed for the fifth straight day on Wednesday! 📈 The July25 contract edged up near $10.78/bu, fueled by:

🔹 A 90-day tariff truce between 🇺🇸 and 🇨🇳

🔹 A House proposal to extend the 45Z tax credit

🔹 Hopes for renewed Phase One-style trade with China

But... 🌧️ storm clouds rolled in Thursday morning with lower prices amid EPA uncertainty and crashing crude. Full story below 👇

⚙️ EPA & Renewable Fuel Standard

EPA Chief Lee Zeldin 🏛️ says new RVOs are coming soon!

🔸 Final rule expected in months

🔸 Public comment period ahead

🔸 Push for higher volume levels already underway

Still, soybean oil futures are diving this morning 💥, possibly due to RVO delays and weak crude oil prices.

🌾 Wheat Tour Surprises

Kansas wheat tour is off to a strong start! 🌾

📍 Northern KS: 50.5 bpa (above 5-yr avg)

📍 SW Kansas: 53.3 bpa 😲

USDA now rates 48% of Kansas wheat as good-to-excellent vs. 31% avg. But issues like drought and wheat streak mosaic still linger.

❄️ Russian Crop Weather Update

Minimal damage from May frosts ❄️

📉 Only 247K acres affected (10% of last year’s loss)

But dry soils now pose the biggest risk 🌵

🥩 Cattle Market Tension

Tyson says herd rebuilding has started 🐄

…but challenges remain:

⚠️ Drought

⚠️ High prices

⚠️ Limited capital

Tyson reported a $149M beef loss last week. Live Cattle futures just posted a downside key reversal 📉

🚜 Ethanol Production Slips

🔻 Weekly output: 1 million bpd (down 2.6% WoW)

📈 Stocks: 25.45 mil barrels (still high historically)

Margins are improving in the eastern Corn Belt 💵 — see full ethanol charts below!

👇 Dive into the charts & stories!

📊 Don’t forget to like, comment, and subscribe to stay ahead of the grain game! 🌽📈