Latest / AG Bull / AG Squawk AM 10/9/2026 with Jed Sidwell | WASDE Report Day!

Transcript

AG Squawk AM 10/9/2026 with Jed Sidwell | WASDE Report Day! · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to Ag Squawk AM.
• 0:11
  SPEAKER_00: Jed Sidwell here live from Juliet, Illinois.
• 0:15
  SPEAKER_00: Today is the day, folks.
• 0:16
  SPEAKER_00: The WASD October report comes out at 11 Central.
• 0:21
  SPEAKER_00: We're also going to talk about beef imports and Delta Airlines as well.
• 0:25
  SPEAKER_00: We'll get to all of that and more here in a bit of livestock came back down a little bit yesterday and then fought back up towards the upside.
• 0:44
  SPEAKER_00: And live cattle were basically unchanged, down 23 cents at 223 and a half.
• 0:50
  SPEAKER_00: Feeder cattle closed down 93 cents at 334.88.
• 0:56
  SPEAKER_00: Lean hogs were down two quarters, half a dollar there at 68.60.
• 1:01
  SPEAKER_00: Before I quote the grain markets here, like to shout out our sponsor, plus 500.
• 1:05
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• 1:10
  SPEAKER_00: And as I look here live, December corn is at 502.
• 1:15
  SPEAKER_00: Coming back up just a little bit here.
• 1:17
  SPEAKER_00: Soybeans November contract is at 1293 and a quarter.
• 1:21
  SPEAKER_00: And December Chicago wheat is at 683 even.
• 1:26
  SPEAKER_00: The weather has kind of had kind of has everyone's attention right now as we hold our breath for this storm.
• 1:33
  SPEAKER_00: Hurricane Isaiah is forecast to at the low end of category three and will make landfall near the Florida-Alabama border tonight.
• 1:42
  SPEAKER_00: Its rain reaches the eastern and southeastern cornbelt, probably into Saturday and Sunday without any heavy rain or high winds.
• 1:50
  SPEAKER_00: The Corn Belt and Plains harvest runs wide open through Tuesday.
• 1:55
  SPEAKER_00: Then the rain into Tuesday night and Thursday brings a temporary halt.
• 2:00
  SPEAKER_00: But, you know, a little bonus there for good wheat planting moisture before drying out again with record warmth through Tuesday.
• 2:08
  SPEAKER_00: We'll see when this makes landfall.
• 2:11
  SPEAKER_00: We'll see how you know a force to be reckoned with it is.
• 2:15
  SPEAKER_00: You know, some of these hurricanes maybe don't play out as vicious as we think they do, and some of them catch us off guard.
• 2:23
  SPEAKER_00: The WASDI report is today.
• 2:25
  SPEAKER_00: That's the big headline, and I know I don't have to tell you the historical significance of this report.
• 2:31
  SPEAKER_00: I can't state it enough.
• 2:33
  SPEAKER_00: The October is when the WASDI stops guessing.
• 2:37
  SPEAKER_00: It's the first report built on actual crops coming out of the field, not just models and plant counts.
• 2:43
  SPEAKER_00: October is the market yield kind of coin flip.
• 2:48
  SPEAKER_00: Since 2000, USGA's October corn yield has gone up as often as it has gone down.
• 2:55
  SPEAKER_00: There's no kind of significant trend here.
• 2:57
  SPEAKER_00: It's one way or the other, and we will find out today.
• 3:00
  SPEAKER_00: Maybe it'll be unchanged.
• 3:02
  SPEAKER_00: But still, even if it were unchanged, that would be pretty record news for a WASDI report.
• 3:08
  SPEAKER_00: This is the beef import number for today or for this week.
• 3:13
  SPEAKER_00: Uh and it comes from Mr.
• 3:14
  SPEAKER_00: Mike Sands.
• 3:16
  SPEAKER_00: August beef imports were near 520 million pounds, slightly below the recent months, but 26% above year over year.
• 3:25
  SPEAKER_00: As record high beef prices and stronger dollar keeps the U.S.
• 3:31
  SPEAKER_00: the most attractive destination for suppliers like Australia and our South American counterparts.
• 3:38
  SPEAKER_00: That's kind of the world we live in right now, you know.
• 3:40
  SPEAKER_00: We have a decreased capacity for beef production here in the United States and we're trying the United States and we're trying to grow it back.
• 3:48
  SPEAKER_00: But right now we look pretty attractive to outside beef production countries.
• 3:53
  SPEAKER_00: This headline caught my eye this morning.
• 3:56
  SPEAKER_00: I thought, wow, that actually sounds like all of agriculture right now.
• 4:00
  SPEAKER_00: Delta Airlines cuts the 2026 forecast on the fuel surge, believe it or not.
• 4:04
  SPEAKER_00: But the CEO says demand is still strong.
• 4:07
  SPEAKER_00: That describes a lot of agriculture right now.
• 4:10
  SPEAKER_00: Our inputs, our outside expenses are so high.
• 4:13
  SPEAKER_00: Our demand is still holding on strong and decent in most commodities.
• 4:17
  SPEAKER_00: But man, the price of diesel fuel right now is just insane.
• 4:22
  SPEAKER_00: They say holiday plane tickets for Thanksgiving and Christmas are just through the roof right now.
• 4:29
  SPEAKER_00: This is the economic calendar for today.
• 4:31
  SPEAKER_00: The University of Michigan sentiment comes out at 9 a.m.
• 4:33
  SPEAKER_00: The WASDI report comes out at 11 Central, and the commitment of traders at 2:30 p.m.
• 4:41
  SPEAKER_00: Make sure and catch this show on all platforms YouTube, Apple Podcasts, Spotify.
• 4:45
  SPEAKER_00: We're pushing shorts of every single show to all of our social medias.
• 4:48
  SPEAKER_00: So make sure and catch the little highlights of every show there.
• 4:52
  SPEAKER_00: That's kind of a good way to sample the catalog of offerings AgBull has to you.
• 4:57
  SPEAKER_00: I encourage you guys to go sign up at AgBull.com.
• 5:00
  SPEAKER_00: $25 a month or$250 annually.
• 5:03
  SPEAKER_00: It's a great way to stay informed when we have reports like this with the text updates, the emails that go out afterwards explaining what happened and what is happening as it is going on.
• 5:14
  SPEAKER_00: There's very few services out there like it.
• 5:16
  SPEAKER_00: $25 a month or$250 annually at AgBull.com.
• 5:20
  SPEAKER_00: Well, thank you for watching and thank you for listening this morning.
• 5:22
  SPEAKER_00: I'm Jed Sidwell with AgBull Media.
• 5:25
  SPEAKER_00: We're a financial channel that absolutely loves agriculture.
• 5:28
  SPEAKER_00: Have a great day.