Farm4Profit Podcast
Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities
Mon, 11 Nov 2024
https://www.lighthousecommodities.com/https://uncommonfarms.com/For those unfamiliar, the WASDE report, or World Agricultural Supply and Demand Estimates, is a crucial tool that shapes the market outlook for crops like corn, soybeans, and wheat. The November edition is particularly significant, as it often includes key adjustments that set the tone for the months ahead. Andrew will walk us through the major findings and help us understand the global supply and demand trends that could impact U.S. farmers this season.We’ll explore how these shifts might affect your crops and what strategic marketing moves you should consider. Whether it’s short-term actions to capitalize on current price targets or longer-term risk management strategies, we’ve got you covered. Plus, Andrew will share valuable tools and resources from Light House Commodities that can help both seasoned and new farmers make informed decisions.Stick around for practical insights and actionable advice that could make a big difference in your marketing plan. And as always, we’ll wrap up with how you can stay connected and continue the conversation with Andrew for even more expert guidance. Want Farm4Profit Merch? Custom order your favorite items today!https://farmfocused.com/farm-4profit/ Don’t forget to like the podcast on all platforms and leave a review where ever you listen! Website: www.Farm4Profit.comShareable episode link: https://intro-to-farm4profit.simplecast.comEmail address: Farm4profitllc@gmail.comCall/Text: 515.207.9640Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTok: https://www.tiktok.com/@farm4profitllc Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/
Full Episode
If wheat rallies, it's usually a pretty good sign for corn to want to rally alongside with it or tag along as they're replaceable across the globe as feed grains.
A tight wheat balance sheet, a tightening corn balance sheet, a safrinha crop that isn't in the bin yet, certainly not a recipe for $7 corn right now, but certainly you've got the recipe for way better potential for the upside longer term here than back sub $4 corn anytime soon.
Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.
And listeners, welcome back to the Farm for Profit podcast. You got Tanner here. Corey's here. Did you just shave? I did. And David's here. So not only are you dedicated to the brand of us having different shirts on every time we record, you shaved between episodes.
I did.
That is not all I shaved. Oh, whatever.
Oh, my. Oh, my.
There's a clip for you. If anybody thought this episode was going to be boring, clearly.
It just veered in a direction I'm not sure we wanted it to go.
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