Grains Now Track Inflation More Closely Than Energy Does

Two USDA corn yield cuts in a row do not guarantee a third, and in the closest analog year the final number came in higher. Mike Castle, StoneX Senior Commodities Economist, walks through how USDA corn yield estimates have moved from the May start to the January final across the past 15 years. Castle works through the four years carrying corn yield cuts on both the August and September WASDE, why 2022 lines up on the size of those cuts and on crop conditions while the weather mechanism differs, and why record managed money length and the demand side of the balance sheet now matter more to price than the remaining supply questions. Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_mike_castle&utm_content=share 0:00 Corn Yield Cut a Second Time 0:50 USDA Yield Revisions Since May 1:26 Only Four Analog Years Fit 2:22 Black Sea Risk Echoes 2022 4:40 Warm Nights Hit Grain Fill 5:44 After 2022 Cuts Yield Rose 8:09 Record Fund Length in Corn 9:12 Grains Beat Energy on CPI Like and subscribe for more financial market insights. #Corn #StoneX #MikeCastle #WASDE --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social