Today’s guest is Adam Knosalla, a broker with Frontier Futures, who joins Tony St. James to break down the market reaction following USDA’s October World Agricultural Supply and Demand Estimates report.
Knosalla discusses the sharp corn selloff, signs that buyers returned near the lows, and USDA’s increase in projected corn exports. He also looks at why soybeans recovered despite a record yield forecast, including export demand, crush expectations, soybean meal and soybean oil.