The February WASDE dropped Wednesday, February 8th, offering relatively few significant updates to the January figures. In the notoriously quiet Northern winter months, attention was trained on updates to Latin American crops, especially in drought-effect Argentina– where the corn crop in particular is suffering due to ongoing La Nina conditions.
DTN’s Todd Hultman joins us to dig into the tweaks that USDA is and isn’t making to key figures around global supplies and demand, to add some context around historically high basis numbers for major grains, and to offer some insights around recent livestock industry data that’s likely to a continue affecting cattle and pork markets in the months ahead.
We’ll dive into what’s moving the market today, how to think about updates to inflation and a historically strong jobs report, and how growing US-China tensions might impact trade going forward.
Then, stick around for a preview of what Todd is expecting to highlight at the DTN Get Set for Spring Ag Summit Series event on planting. Register here: https://whova.com/web/KjPI3H2MPlhF8c8CbuvSXkXavlZoE0ZAUhcbBfkBZAM%3D/