E104: The WASDE Before the Storm

The June WASDE dropped Friday, June 10th, and what is usually a quiet report ahead of a more interesting USDA missive at the end of the month did not disappoint. Nevertheless, DTN’s Todd Hultman joins us to unpack the smaller updates that the department made to their production and stock estimates, and to talk about why even small tweaks matter in today’s historically tight supply situation.We’ll discuss the near and long term weather forecasts and what they might mean for heat and dryness in the coming months, in addition to digging into the prospects for a new proposal to get grain out of Ukraine. We’ll also dig into what might be ahead for ag given current fuel costs, and what all of this means for grain and livestock producers as competition with South America heats up and China’s needs continue to rise.  Then we'll talk more on soybean crush, record basis, and what Fed actions might mean for ag.