E61: Wheat Takes the July WASDE

The July WASDE dropped Monday, July 12th, taking into account both the June 30th acreage report updates as well as looming weather factors.  DTN’s Todd Hultman joins us today to unpack the bullish-ness news and discuss how the market is reacting, to this report and to factors well outside its scope. We’ll talk more about the decline in soybean prices over recent weeks, and what that could mean for both soybeans and the other grains in the months to come. Then we’ll discuss livestock market impacts, inflation risk in the broader economy, and what farmers should be watching for in the second half of this year.This episode is sponsored by Sukup.