It seems as though the September World Agricultural Supply and Demand Estimates (WASDE) report was just issued, and now the market and analysts are preparing for the next one coming out Oct. 12.
For John Payne of thisweekingrain.com, this report could be the one to finally get the truth out of either the USDA or farmers.
“We’re going to find out who’s been lying—is it the farmer who’s been squawking about subpar conditions or is the USDA going to be validated?” he told AgDay host Clinton Griffiths.” I lean towards the latter, but that’s a good opportunity for a low to be made.”
On the soybean side, Payne said funds are flat and they’re short on corn. He sees a lot of upside in the market in terms of South America’s ability to get the crop in the ground.
Hear his full thoughts on what to do with corn in storage and his feelings on South America weather problems on AgDay above.