September WASDE: USDA's Struggle Session

In the latest RaboResearch Agri Commodities episode, Global Grains & Oilseeds Strategist Steve Nicholson joins ACMR Senior Analyst Michael Magdovitz to discuss the September WASDE. ACMR's August WASDE Report predicted the USDA "may rue their bold move" to raise US soybean yields. Indeed, this week the USDA did a dramatic 180, cutting US soy (and corn) yields and reducing demand to avoid outright scarcity. A supply-side crisis will give corn and soybean bulls a strong foothold to climb higher – with Brazil as the primary near-term defense against desperate scarcity. Please read our disclaimer here:

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September WASDE: USDA's Struggle Session is an episode from RaboResearch Agri Commodities by RaboResearch Agri Commodities.

This episode is 17:26 long.

This episode was published on Sep 16, 2022.

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