E72: Soybean Surprises in Quarterly Stocks Report

The September 30th Quarterly Stocks report wasn’t expected to cause much of a stir, but bigger than expected updates to soybean totals surprised markets and analysts alike. DTN’s Todd Hultman joins us today to unpack USDA’s updates and discuss how these updated figures fit into the overall picture as the 2021 season inches closer to the close. We’ll talk more about what new stock levels mean for adjacent markets like ethanol and crush, how exports might come into play, and what might be on the horizon in terms of prices going into the October WASDE and beyond.