Field Posts

E73: Waking the Bears with October WASDE

October 15, 2021 DTN/Progressive Farmer Season 1 Episode 73
Field Posts
E73: Waking the Bears with October WASDE
Show Notes

The October WASDE dropped Tuesday, October 12th. This report was expected to be a market mover, as USDA was expected to make some significant adjustments in the aftermath of the September 30th Grain Stocks report, and this months’ report was their first opportunity to correct the record. 

 DTN Todd Hultman joins us today to unpack the updated figures in a report that turned out to be one of the more bearish we’ve seen in 2021.  

We’ll talk more about the changes to stocks and demand estimates, how global supply chain disruptions are likely to continue unsettling ag exports, and how changes in the size of the US’s livestock herds might be affecting feed demand.   

Then we’ll discuss short stocks for wheat, harvest weather, and how COVID, inflation, and a dispute debt ceiling could impact ag markets.