USDA Releases Uneventful December WASDE

The December USDA WASDE report released Thursday morning was quite uneventful.

 

Dan Basse is president of AgResource Company in Chicago.

 

"No real big changes," he said. "If there was a surprise, it was in soybeans where USDA did not increase the US export estimate. Instead, they chose to increase the crush rate by 15 million bushels to a record 2.2 billion bushels. The corn end stocks total was the same. They did make a modest adjustment in wheat, causing a five million bushel decline in U.S. wheat imports."

 

Basse commented on the global numbers.

 

"At the end of the day, when you look at the world balance sheet, the Canadian crop was raised slightly. The Australian crop was raised 1.5 million metric tons. Russia went up. World wheat stocks dropped four million metric tons due to increased export demand. As we come back from this report, it's all going to be about South American weather. The markets have sold off just slightly on the news but it's not something that we believe will be sustained unless those South American crops get a drink of rain and improving conditions as we look forward to 2021."

 

Basse says Tom Vilsack is a name being mentioned to take over as the next U.S. Secretary of Agriculture.

Video: The Unveiling Of A Brand New Tractor! Brand New Caseih Magnum!!

Case IH invited us out to an event in Racine, Wisconsin, and it turned out to be an absolute trip of a lifetime! CaseIH is celebrating the 250th anniversary in style!! Very cool to be apart of this event!

We kicked things off with an incredible deep-dive into the rich history of Case IH and the legendary Magnum tractor lineup. From there, we got exclusive, behind-the-scenes access to the official Case IH testing facility to see how these massive machines are pushed to their absolute limits.

But the real highlight came after the tour. We were transported to a location for the main event: the grand unveiling of a brand-new, completely custom, 1-of-1 tractor named "Providence."

A massive thank you to Case IH for inviting us out and letting us bring you guys along for the ride. This was an experience we won't ever forget!

Drop a comment below: What do you think of the "Providence" Magnum?!