Episode 252: A Mixed Bag from the July WASDE Artwork

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Learn about and discuss the cutting edge of the ag industry and explore new perspectives on farming’s old adages. Field Posts is a weekly podcast by DTN/The Progressive Farmer that dives deeper into the most important trends in technology, policy, management, and business to explore the ag industry’s cutting edge.

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Episode 252: A Mixed Bag from the July WASDE

July 18, 2025 • DTN/Progressive Farmer • Season 1 • Episode 252

The July WASDE dropped Friday, July 11th, coming fast on the heels of USDA’s big June 30th update for planted acres, grain stocks, and more. Those latest figures updated the balance sheet, and when combined with the USDA’s new expectations for domestic and global demand, there were at least a few fireworks lighting up the market in the days after.

To help us drink from this firehose of recent news, we’re joined today by DTN Lead Analyst Rhett Montgomery. He talks us through why unexpectedly quiet grain stocks and acreage reports still managed to cause a stir in the soybean market, and then discuss production expectations for the wheat crop as winter wheat harvest continues apace. Then he’ll dig into the unexpected updates to the corn demand picture, which puts estimated ending stock numbers in record range, a startling situation given the current price picture, but one that traders might not believe given the current weather and trade forecasts.

Finally, we’ll look ahead to the rest of the summer, taking into account the latest news around tariffs, interest rates, and other hiccups that might still lie ahead.