E154: The Quirky July WASDE

The July WASDE dropped Wednesday, July 12th, and as it came on the heels of an unprecedented June 30th planted acreage report, updates were expected for USDA’s outlook. What analysts actually saw in the July WASDE however, left many scratching their heads– trying to understand how USDA could translate a drought stricken crop throughout the corn belt into an all-time record yield prediction. DTN’s Lead Analyst Todd Hultman joins us to dig into the shifts in planted acres and the June Grain Stocks report that brought us here, and offers insight into the shifting global stocks situation for major grains as well as the uncertain soybean supply that’s expected in the wake of startling low planted acres.Plus, we’ll dive into the current and future weather outlook, in the US and beyond, and understand how transforming outlooks are shaping price pictures from the futures market to local basis. Then we’ll dig into updates for pork and cattle markets, take a closer look at what’s ahead for ag markets as overall inflation calms, and put wild Russia-Ukraine news into context.Read Todd's analysis here: https://dtn.link/fy0w97