E84: A Quiet New Year with January WASDE

The January WASDE dropped Wednesday, January 12th, putting the focus back on the global crop after affirming that the 2021 harvest in the US turned out mostly as expected. DTN’s Todd Hultman joins us today to unpack the latest on global stocks, and to discuss how he’s monitoring news about inflation, high fertilizer prices, supply chains, and COVID-19 as we move into the first quarter of the new year. We’ll discuss domestic and international demand shifts, the possible regional pressures on planting intentions, and basis and other price expectations. Then we’ll dig into the strength of the US dollar and the effects of higher freight costs.