E150: One Month Turn Around in the June WASDE

Uninteresting as the trade expected, a few unexpected changes were still enough to catch analyst attention. And beyond updated figures, the concerns of cold and wet soils delaying planting last month have morphed into worries that hot and dry soil in the Eastern corn belt might already be threatening USDA’s outlook for a record crop this year. DTN’s Lead Analyst Todd Hultman joins us to dig into a few surprises out of Brazil and Ukraine when it comes to corn and wheat stocks looking ahead, as well as offer perspective on how the emerging neutral weather conditions might shift the crop picture over the coming months. Plus, we’ll dive deep into the current price context of the soybean market given existing demand signals, and unpack what outside forces might be driving markets for both pork and beef to unexpected places. Then we’ll check in on the broader economic picture, hear Todd’s perspective on the state of the Southern Wheat crop, and flag key reports to keep on eye on this month.