Corn Prices Hit 9-Month Low - Largest US Corn Stocks Since 1988 Expected

Joe's Premium Subscription: https://standardgrain.com/ Apple Podcasts https://podcasts.apple.com/us/podcast... Spotify https://open.spotify.com/show/4NJ9AZc... 0:00 Corn Selloff and Charts 4:56 Severe Heat Expected 8:21 Largest US Corn Stocks Since 1988? 12:23 Crop Ratings 14:22 Grain Shipments 16:17 Cattle and Heat 🌽 Corn & Soybean Selloff Corn futures tumbled Monday, with the Dec26 contract falling nearly 12 cents to close at $4.30/bushel as traders positioned ahead of today's USDA report. 📉 Soybeans dropped even harder, with Nov26 losing about 17 cents to settle at $11.39/bushel, while wheat also closed lower. 🌡️ Heat Building Across the Belt Oppressive heat and humidity will grip the Plains and Corn Belt through the week, pushing heat index values into the triple digits with overnight lows barely dipping below 80. 🔥 Extreme heat warnings are already up across the eastern Plains and Corn Belt, with the Ohio Valley and southern Great Lakes at greatest risk for record highs. 📊 USDA Report Day USDA releases its Planted Acreage and Grain Stocks reports this morning, with corn acreage expected to decline from March intentions while soybean acreage rises. 🧾 June 1 corn stocks are forecast up ~16% YoY, soybeans up ~4%, and wheat up 9% — our USDA Snapshot video drops within 15 minutes of the 11am CST release. 🌱 Crop Conditions Update Corn and soybean conditions slipped slightly last week, with corn at 67% good-to-excellent and soybeans at 65%, both still above their five-year averages. 🌾 Spring wheat improved to 59% G/E, while winter wheat held steady at a weak 26% G/E with harvest now 48% complete. 🚢 Export Inspections Corn export inspections came in strong at 1.8mmt, up 22% week-over-week and 29% year-over-year. 🌊 Soybean inspections jumped 54% to 419,124mt with China taking 16% of the total, while wheat inspections fell 9.6% to 358,253mt. 💰 Flash Sale Alert USDA confirmed a flash sale of 136,000mt of soybeans to unknown destinations for 2026/2027 delivery. 🇨🇳 Stay tuned for more updates as the trading week unfolds!