Episode Details
Back to EpisodesIdeal Weather, Weak Prices, and a Key WASDE Report Ahead
Description
Arlan Suderman, Chief Commodities Economist at StoneX, previews the June WASDE report and explains why grain and oilseed markets may be at a critical turning point after weeks of heavy fund liquidation.
In this June 10 update, Arlan covers:
What to expect from USDA's June WASDE report
Why significant changes to corn and soybean yields are unlikely
The surprising deterioration in winter wheat crop ratings
How South American corn and soybean production estimates could be adjusted
Why speculative funds paused their selling ahead of the report
Evidence that end users are stepping in to buy the recent market break
What stronger soybean and corn basis levels in Brazil are signaling
China's continued demand for Brazilian soybeans
How ethanol demand is supporting Brazil's corn market
Why weather remains the biggest variable for U.S. crop prospects
Join Arlan live for our upcoming WASDE Webinar:
Summary - Arlan Suderman's Market Outlook
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