E69: September WASDE Surprises
Episode description
Among other surprises, the September WASDE brought with it an unexpected update from the National Agricultural Statistics Service.
Will the new info provide more clarity for markets ahead of harvest?
The September WASDE dropped Friday, September 10th. With this report, the National
Agricultural Statistics Service updated acreage adjustments for a range of crops, a change that usually isn’t available until the October report, and which raised some fears and uncertainty in the market. DTN’s Todd Hultman joins us today to unpack this move by USDA, as well as to discuss updated demand for the major grain crops. We’ll talk more about the weather factor going into harvest, ethanol demand and what might be on the horizon for biofuels policy, and what pressure in the wheat market might mean for acres on the edge. Plus
we’ll discuss livestock market impacts and China’s tireless demand.
Today’s podcast is brought to you by Sukup Manufacturing. Sukup Manufacturing Co. is the world’s largest family-owned and operated manufacturer of grain storage, grain drying and handling equipment, and steel buildings. Learn more at sukup.com.