E231: Latin America in the Spotlight in February WASDE

The February WASDE dropped Tuesday, February 11th, and with few updates expected for U.S. balance sheets, the market’s attention was locked on the Southern Hemisphere, where harvest for the major grains is in view. This week, we’re joined once again by DTN’s Lead Markets Analyst Rhett Montgomery, who took a break from his work at the National Farm Machinery Show to guide us through the latest from USDA. He’ll walk us through the critical updates to global balance sheets, and help us understand the perhaps counterintuitive market moves that came as a result of the reports publication. Then, we’ll dive deeper into the world weather picture, and what wild cards remain for what looks to be a bin-busting Latin American crop. We’ll also dig deeper into the wheat picture to understand demand adjustments and shifting global stocks. Finally, Rhett will speak to the recent trade and tariff talk coming out of the White House, and how he thinks these risks may (and may not) be getting priced into current market prices.