Grain Markets and Other Stuff
@grainmarketsandotherstuff·35K subscribers·1.5K videos
Tight Stocks, Surging Crude, Weak Dollar - Why Can't Corn Rally???
Posted
June 13, 2025
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June 13, 2025
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📊 USDA Report, Soaring Oil Prices, & Dollar Dive! | Market Recap 🌽🛢️💵
Welcome back! In today’s update, we’re breaking down a packed Thursday full of market-moving headlines 👇
🌽 USDA Report Recap
No shocks here! USDA raised old crop corn exports 📈 and trimmed carryout, while leaving soybeans unchanged. Wheat exports saw a bump too. Despite the friendly tone, corn couldn’t catch a bid. Traders seem laser-focused on crop weather now! 🌦️
🛢️ Crude Oil Surges 🚨
WTI crude spiked nearly 12% overnight after Israel launched major strikes on Iran, hitting nuclear and military targets. Iran confirmed damage at Natanz. With tensions in the Strait of Hormuz boiling over, global oil markets are on edge. ⚠️
💵 US Dollar Hits 3-Year Low
The dollar dropped to its weakest level since April 2022! The euro and pound surged as inflation and jobless data added pressure on the Fed to cut rates at its June 18 meeting. 📉
🌾 Drought Monitor Highlights
Corn Belt weather was a mixed bag. Some areas improved, others worsened. Currently:
→ Corn in drought: 18%
→ Soybeans: 13%
→ Wheat: up to 20%
→ Cattle: 20% 🐄
🧪 Biofuel Mandates Incoming
The EPA will announce 2026–27 blending targets today. Industry groups want to raise biomass-based diesel to 5.25B gallons, but the final target may fall short. Ethanol and biodiesel markets are watching closely. ⛽
📉 Disappointing Export Sales
Corn, soybean, and wheat export sales all fell short. Soybeans hit a marketing-year low. 📦 Weak demand continues to weigh on prices.
👷♂️ Immigration Crackdown Hits Ag
An ICE raid in Nebraska led to over 70 detentions at a meat plant. Labor shortages are growing in ag-heavy states like California too. Over half of US crop workers are undocumented. 🌱
📊 See all the charts, ratios, and drought maps below!
👉 Don’t forget to like, subscribe, and drop a comment with your market take!
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