E81: Unwrapping the December WASDE

The December WASDE dropped Thursday, December 9th, confirming many expectations about minimal changes to the US crop for corn and soybeans while introducing a bit of the unexpected for wheat.  DTN’s Todd Hultman joins us today to unpack just a few updated update figures, and to discuss what other factors he’ll be following most closely as markets switch their focus to other regions during the US’s quiet season. We’ll discuss driving demand and soybean crush, the unusual price bump in cotton, how input scarcity might affect planting decisions, and what Russia-Ukraine concerns might mean for  wheat prices moving forward. Then we’ll dig into inflation rates and potential moves from the Federal Reserve, and what might be ahead in the January report.