E77: The WASDE of Confusion

The November WASDE dropped Tuesday, November 9th, creating some short term confusion as traders moved on lower soybean ending stock numbers before measuring their response in light of weak export figures.  DTN’s Todd Hultman joins us today to unpack the updated figures in a report, which is likely to be the last major adjustment to the 2021 yield numbers before the January WASDE. We’ll discuss the China trade watch, domestic demand for corn and soybeans, weather outlooks, and how changes across US grains might be playing into planting decisions for the 2022 year.  Then we’ll discuss the lasting impacts of COVID, inflation, and how ag markets might be  impacted by the global shipping snafu.