Karen Braun - Latest News and Information
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
🇺🇸Japan headlined U.S. corn sales last week, which were above average for the time of year despite falling well below top-end expectations. Mexico & Indonesia led soybean sales, activity from China was relatively low. But China led the week's wheat exports (~200kt). https://t.co/Y2vDz0im82
🇧🇷Cargill has paused soybean exports from Brazil to China due to the implementation of stricter sanitary inspections at the request of the Chinese government. https://t.co/75cYy0TIFX
📈CBOT November soybeans pushed higher on Wednesday, ending at $11.63-1/4 per bushel and marking their 11th consecutive session in overbought territory (RSI of 70+). Relative strength index has reached 85. Last time new-crop bean RSI was 85+ in year of expiry?...
🇺🇸U.S. ethanol production last week hit 1.126M barrels per day, the third best weekly volume on record. However, ethanol stocks declined on the week to 25.6M barrels, which is actually the week's lowest reading in four years. https://t.co/kJtuRESZcN
World corn stocks come in above expectations on larger crops in Brazil and Ukraine. Slight downward adjustment in wheat stocks and minimal movement in soybeans. Chinese soy/corn/wheat demand assumptions were unchanged. https://t.co/nknz514GTs
🇨🇳China imported 12.55 million metric tons of soybeans in Jan-Feb, the smallest volume for the period in 7 years. The Brazilian harvest was slower, U.S. cargoes were still en route and customs clearing times were extended. Expectations for March are...
USDA's March WASDE is due at 11 am CDT on Tuesday. On average, the trade isn't looking for any significant supply changes at the U.S. or world level, but there is a downside lean to the soybean crop in South...
President Trump just finished speaking on the Iran situation now. Here is a summary of his key comments. He says the war will end very soon (but not this week) and he is disappointed by the new supreme leader's appointment. Oil...
🌽$4.98-1/2 per bu 🫛$11.72-1/2 per bu Will Monday's highs be the annual highs for new-crop corn & soybeans in 2026? Dec corn nearly hit $5, though the close was almost 17 cents off the session high (Nov beans closed ~24 cents off)....
📈Speculative bullishness across U.S. grain/oilseed futures is at a three-year high, but funds haven't even begun to tap the potential that lies in corn. Does this mark the start of a run-up in corn? What could be the limiting factors? I covered...
📈New-crop CBOT corn & soybeans marked new annual highs on Friday, both surpassing the 2025 highs. But could even higher prices come beyond March? Dec corn hasn't set its annual high in March since 1999, soybeans haven't since 2004. https://t.co/gfh7zbFw5j
🇺🇸🇪🇸USA & Spain are at odds over Iran, and Trump has floated a trade embargo. What could that mean for U.S. ag? On the import side, olive oil would be the biggest victim. USA exported a record $2.4B in farm goods...
🇨🇦Analysts see Canada's 2026 all wheat planted area falling 0.6 million acres on the year, but canola plantings are predicted to rise 0.7 million acres. Statistics Canada is scheduled to publish farmers' 2026 planting intentions on Thursday morning. https://t.co/LZBnDIiPS0
🇺🇸Last week's U.S. corn and soybean export inspections topped all estimates. 65% of the inspected bean volume was to China. https://t.co/pdWgCErVIi
📈Funds bought a massive amount of CBOT wheat in the week ended Feb. 24. Net buying neared 51,000 futures & options contracts, the third most for any week on record. Funds were net short 17.3k contracts as of Feb. 24, but...
🇺🇸2026 U.S. insurance guarantees: Corn: $4.62 per bushel (down 2% from last year) Soybeans: $11.09 per bushel (up 5% from last year) https://t.co/QFcJ5xrOCI
USDA confirms the sale of 178,000 tons of U.S. corn for delivery to Japan. 154kt is for 2026/27 and 24kt is for 2027/28.
🇺🇸U.S. export sales were pretty dismal across the board last week. 107kt new crop wheat was sold in the week, which was more than expected. https://t.co/Jk2c7Ibkg5
🇺🇸U.S. ethanol production continued at a strong rate last week, topping 1.11M barrels per day for a third straight week. For the last three weeks, output has been about 3% above the year-ago levels. https://t.co/VcHmt2Mthb
🇧🇷Second corn was 45% planted in Parana, Brazil as of Monday, well behind the year-ago pace of 64%. It reads above the five-year average for the date, but the five-year includes the dreadfully slow 2021 & 2023 campaigns. https://t.co/Bv10A7ILhk
USDA confirms the sale of 125,000 metric tons of U.S. corn for delivery to Colombia in 2025/26.
📈Funds turned bullish across U.S. grain & oilseed futures and options through Feb. 17, their first collective long since early December. This was driven by surging optimism in soybeans & soybean oil and waning pessimism in the grains, especially corn....
🇧🇷A 28-kilometer line of trucks waiting to deliver soybeans has formed outside Brazil's Miritituba river port. Just for reference, the journey from Sinop in north Mato Grosso - which is heavy in soybean production - is about 1,000 km (620...
🇺🇸NOPA U.S. crush, Jan. 2026: ▪️221.564 mln bu of soybeans ▪️Above avg trade guess of 218.52 mln ▪️+10.6% YOY; down 1.5% from Dec. 2025 ▪️Soyoil stocks 1.9 bln lbs ▪️Above all trade guesses (avg was 1.71 bln) ▪️+49% YOY; highest since April 2023 https://t.co/UItFPJlkd8
🇺🇸Last week's U.S. corn inspections easily beat all trade expectations (though they weren't a weekly record). FYI the previous week's corn volume was hiked significantly. Soy inspections were near the top end of estimates - 57% of the beans were...
📈Money managers staged a near record buying spree in CBOT soybean futures & options in the week ended Feb. 10 on renewed U.S.-China optimism. New net long = 123,148 contracts. Net buying of 94k contracts was the second most for any...
🌽U.S. corn export sales for 2025/26 are nearing 61 million metric tons (2.4 billion bushels). Early Feb sales in 2020/21 were similarly massive but heavily skewed by China. Non-China 2025/26 corn sales are 52% larger than at this point in 2020/21!
🇺🇸After 8 of 19 February trading sessions, December corn is averaging 3% below last year's U.S. insurance price and November soybeans are averaging 4% higher. https://t.co/hSmhgukFMi
🇺🇸U.S. ethanol production in the first week of February popped right back up to the pre-arctic blast levels, totaling 1.11M bpd, a February best. U.S. temperatures have been unseasonably mild this week, and that should largely continue through the rest of...
USDA's estimates for global corn and wheat ending stocks come in below expectations/last month (ending wheat's run of surging each month as harvests surpassed predictions). Soy stocks are up on a massive 180 mmt Brazilian crop. https://t.co/kM88lO1Zbq
USDA pushes Brazil's 2025/26 soybean harvest to 180 million metric tons. No changes to corn or to Argentina's crops. https://t.co/D2KarYYtVJ
U.S. corn ending stocks decrease from last month as USDA bumps exports to 3.3 billion bushels. Minimal/no changes in wheat and beans. https://t.co/FpMZKyhSPO
All trade estimates for USDA's supply & demand report due Tuesday at 11 am CT. On average, analysts don't expect major changes to U.S. and world stocks, though Brazil's corn and soybean crops could increase. U.S. demand will also be...
🇧🇷Analysts are expecting upside to Brazil's corn and soybean harvests in USDA's report on Tuesday. 🇦🇷Argentina's crops, on average, are not predicted to move much from the January forecast. https://t.co/D3Jg3BAIYv
🇺🇸U.S. corn & wheat export inspections exceeded all trade estimates last week. Two-thirds of the week's inspected bean cargoes were destined for China, predominantly out of the Gulf. https://t.co/e3b34Q6I3g
USDA confirms the sale of 264,000 tons of U.S. soybeans for delivery to China in 2025/26.
