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Midweek Markets: Unwinding WASDE

We break down the latest supply and demand data from USDA.

The July World Agricultural Supply and Demand Estimates (WASDE) report from USDA was released Monday morning and had plenty of bullish data that have pushed grain prices noticeably higher in recent sessions.

In the latest Midweek Markets podcast, we took a closer look at the report and broke down which numbers mattered most, including declines in U.S. wheat production and some jaw-dropping soybean production trends unfolding in Brazil.

We also talked about the latest inflation trends and what that has meant for the cost of everything from materials like lumber and steel on up to large farm equipment. Are current inflation rates indeed “transitory” as the Federal Reserve recently claimed, or are the potential for longer-term problems still on the table?

Listen to Midweek Markets podcast for July 14, 2021:

 

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings more than 14 years of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

Jacqueline Holland

Grain market analyst, Farm Futures

Holland grew up on a dairy farm in northern Illinois. She obtained a B.S. in Finance and Agribusiness from Illinois State University where she was the president of the ISU chapter of the National Agri-Marketing Association. Holland earned an M.S. in Agricultural Economics from Purdue University where her research focused on large farm decision-making and precision crop technology. Before joining Farm Progress, Holland worked in the food manufacturing industry as a financial and operational analyst at Pilgrim's and Leprino Foods. She brings strong knowledge of large agribusiness management to weekly, monthly and daily market reports. In her free time, Holland enjoys competing in triathlons as well as hiking and cooking with her husband, Chris. She resides in the Fort Collins, CO area.

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