On this edition of Morning Coffee and AG Markets, Riley is joined by Scott Stile to dive into the January WASDE Report, which revealed significant changes to U.S. crop projections. The USDA’s unexpected reductions in U.S. corn and soybean production have shifted the balance sheets, making the corn market "tighter" than last year and bringing the soybean outlook in line with 2023. Despite lingering export concerns, particularly for soybeans, the negative market perception of both crops has eased. The focus now turns to South American crop sizes and their potential impact on U.S. exports, along with the influence of the new Trump administration’s trade and biofuel policies. Additionally, the rice market saw favorable adjustments, while cotton faced bearish revisions, including a production increase and lowered export expectations. Tune in for a comprehensive analysis of these critical market shifts.
