The August 6 edition of Commodity Week features agricultural market analysis from Ellen Dearden and Naomi Blohm ahead of the upcoming USDA crop production and WASDE reports. The panelists anticipate the USDA will maintain corn and soybean yield estimates near 183 and 53 bushels per acre, respectively, while emphasizing the need to monitor how European drought conditions and South American El Niño weather patterns will impact global grain stocks. The discussion details critical technical trading thresholds for December corn and November soybeans, advising producers to employ defensive marketing strategies, while waiting for potential seasonal harvest lows. Finally, the analysts provide brief outlooks on the livestock sectors—noting strong dairy demand, stable but softening live cattle fundamentals, and a persistently weak hog market—and warn that ongoing geopolitical tensions remain a volatile risk to global agricultural trade.Panelists- Naomi Blohm, TotalFarmMarketing.com- Ellen Dearden, AgReview ★ Support this podcast ★
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