Friday Channel Final Bell with Jeff Peterson at Heartland Farm Partners | 10/11/24

The Final Bell

The WASDE report today didn’t bring any major surprises, but there were a few key takeaways worth noting. Corn yield numbers came in close to expectations, though some believe they could still be adjusted in future reports. Soybean yield estimates also appeared reasonable, but the market will keep a close eye on how weather impacts final numbers. U.S. ending stocks were in line with projections, though global ending stocks raised a few eyebrows, particularly with ongoing challenges in key growing regions. Looking ahead, it’s possible we’ll see adjustments in future reports as harvest progresses. As for marketing plans, now might be a good time to review and make any necessary tweaks based on today's data and potential future changes.