E215: Quiet October WASDE in a Loud News Cycle

The October WASDE dropped Friday October 11th, and though it largely held pat on USDA updates from both the September report and from the end of month stock updates, there was still news to be made as South America’s crop comes into clearer focus and tensions across the country and around the globe continue to escalate.DTN’s Lead Markets Analyst Todd Hultman joins us today for one last WASDE breakdown, talking us through trade expectations and market reactions since the report came out, and how the global picture for corn, soybeans and wheat has been tweaked. We’ll dig into the confidence growers can have in the October numbers, and dive deep on the livestock markets to understand what USDA is predicting for the final quarter of 2024. Then we’ll tackle China trade news, the winter energy outlook and how Mideast conflict might be affecting that picture, and what the weather outlook might have in store for harvest season.Then we’ll talk about market impacts of the election and the long term potential of a growing Brazilian harvest.