Episode 314: The October WASDE Stunner
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Episode 314: The October WASDE Stunner
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Summary
The latest WASDE dropped Friday, October 9th, stunning farmers and analysts alike with an unexpected boost to U.S. corn stocks that sent the market on a bearish spiral.
To help us understand what all went down, we’re joined once again by DTN Lead Markets Analyst Rhett Montgomery, who takes us beat by beat through the latest updates from both the WASDE and the September 30th Grain Stocks report.
We’ll hear where USDA found enough extra corn bushels to cause a meltdown, and what that means not just for the global corn trade, but for the whole grain complex.
Finally, we’ll dig into what comes next in the face of a growing Super El Nino, ongoing conflicts in the Black Sea and the Middle East, and a looming election.
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