E133: New Year, New WASDE

The January WASDE dropped Thursday, January 12th, surprising traders and market watchers alike with stock adjustments that exceeded expectations in a bullish direction. But the WASDE wasn’t the only report on USDA’s docket today, with Quarterly Stocks and Winter Wheat Seeding adding additional context to an interesting first report of 2023.DTN’s Todd Hultman joins us to dig into the department's adjustments to corn and soybean demand figures, and to update us on the shifting global picture as Latin America barrels towards its harvest season. We’ll dive into the La Nina Summer, China’s future demand for soybeans, and how global wheat stocks are likely to fare in the coming months. Then we’ll get an update on ethanol, what we can learn from a record strong basis, and so much more.