Grain Markets and Other Stuff

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0:00 Intro
0:44 Ethanol Stocks SURGE
3:41 Wheat Selloff
5:11 Trump Tariff Update
7:34 USDA Egg Price Plan
9:33 Argentina Strike
10:50 Podcasts on YouTube

Ethanol Stocks Surge 📈
US ethanol stocks spiked to near-record levels last week, reaching 27.6 million barrels, a 5.2% increase on the week. This was the highest level seen since the early stages of the COVID lockdown, when driving was at a standstill. While weekly ethanol output dipped slightly, the data raises questions about accuracy, as the EIA has been known for "bad data" in the past. 🛢️💥

Wheat Futures Fall Amid Weather Forecasts 🌾
Wheat futures have fallen sharply in the past three sessions, with the May25 HRW wheat contract losing more than 23 cents. Much of the U.S. winter wheat country will receive rain, benefiting SRW areas in the Midwest, while HRW areas will see more scattered rainfall. Meanwhile, recent snowfall in Russian winter wheat areas has led to more optimism for their crop prospects. 🌧️❄️

Uncertainty Surrounding Tariffs 📊
The timing of President Trump's proposed 25% tariffs on Canadian, Mexican, and EU imports remains uncertain. Initially set to take effect on March 4, Trump now says the tariffs may begin on April 2. This has caused confusion, with a White House official suggesting that tariffs would be implemented next week but with no final decision yet. The EU is prepared for retaliatory tariffs. 💥🌍

USDA's $1B Plan to Combat Bird Flu 🐔💰
The USDA will allocate up to $1 billion to tackle the bird flu outbreak and help reduce egg prices. The funds will focus on improving biosecurity, assisting farmers, and developing vaccines. Over the past four years, egg prices have surged by 237%, reaching $4.95 per dozen. The USDA is also working to eliminate unnecessary regulations on egg producers. 🍳💸

Argentina Faces Oilseed Strike 🌱💥
Argentina's main oilseed union is threatening a nationwide strike after agribusiness giant Vicentin failed to pay wages. The company is facing legal challenges, and the court ruling may cause Vicentin to default, leading to a halt in operations. This could affect Argentina's already struggling oilseed industry. 🇦🇷⚠️

YouTube Dominates the Podcast Market 🎙️
More than one billion people tune into podcasts on YouTube every month, surpassing Spotify as the top podcast platform since October 2024. YouTube users streamed over 400 million hours of podcasts on living room devices alone. In response to competition from Spotify, YouTube is offering up to $300,000 to podcasters for video versions of their shows.