Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTube#agriculture #farming 0:00 Intro0:27 Corn and Wheat Selloff1:14 The Farmer is Undersold3:48 Fund Positioning4:42 Brazil Update5:59 Export Inspections6:57 Biden Supply Chain Council8:07 Cattle Collapse? Market Snapshot: Corn & Wheat Hit Lows, Cattle Futures Drop ???? Corn & Wheat Decline:US corn and wheat futures hit fresh lows on Monday, with Dec23 contracts reaching $4.54/bushel and $5.88/bushel, respectively. Speculative selling, lack of a bullish catalyst, and December basis contracts contributed to the selloff.? Money Managers Go Bearish:Large money managers increased their net short position in corn, selling 27k contracts. Soybeans and SRW wheat also saw bearish trends, as highlighted in the Fund Tracker charts.?? Brazil's Soybean Planting Slowdown:Brazil's 2023/2024 soybean planting is the slowest in eight years, with only 74% completed. Adverse weather conditions are impacting regions differently, affecting both soybean and corn planting.? US Soybean Shipments Dip:Soybean shipments declined by 12% (1.4mmt) compared to the previous week. Corn and wheat shipments also experienced decreases, impacting export dynamics.? Biden Addresses Supply Chains:President Biden announced a new White House Council on Supply Chain Resilience to tackle issues contributing to inflation. The first report is due by the end of 2024.? Cattle Futures in Retreat:Cattle futures, especially feeder cattle, hit lows not seen in months, driven by fund selling and panic short hedging. Despite challenges, the overall cattle market outlook remains bullish.? Stay updated on market dynamics! #Commodities #MarketUpdate #Agriculture #CattleMarket ??