Breaking Down the November WASDE Report: Andrew Kaabes - Lighthouse Commodities
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If wheat rallies, it's usually a pretty good sign for corn to want to rally alongside with it or tag along as they're replaceable across the globe as feed grains. A tight wheat balance sheet, a tightening corn balance sheet, a safrinha crop that isn't in the bin yet, certainly not a recipe for $7 corn right now, but certainly you've got the recipe for way better potential for the upside longer term here than back sub $4 corn anytime soon.
Ladies and gentlemen, farmers, ranchers, and distinguished guests, thank you for listening to the Farm for Profit podcast, where we discuss the latest ideas, methods, trends, and techniques available to help your farm achieve higher levels of farm profitability. Remember, if you aren't farming for profit, you won't be farming for long.
And listeners, welcome back to the Farm for Profit podcast. You got Tanner here. Corey's here. Did you just shave? I did. And David's here. So not only are you dedicated to the brand of us having different shirts on every time we record, you shaved between episodes.
I did.
That is not all I shaved. Oh, whatever.
Oh, my. Oh, my.
There's a clip for you. If anybody thought this episode was going to be boring, clearly.
It just veered in a direction I'm not sure we wanted it to go.
Yeah. We've talked about Corey's chest hair or lack thereof before. Now we're talking about how Corey's shaving habits are.
Maybe we'll have a sponsor for that. A little bit of Corey's keeping.
Corey, kind of a manscaping.
Yeah.
Well, thanks, listeners. We appreciate you tuning in, hanging out with us. We're having a lot of fun here. This is probably one of the most timely recordings that we've done in a long time. The WASDE report just came out. We're going to talk commodities here today. We're going to jump right into that. But before we do that, remember, please go out and leave us a review on Apple, Spotify. And we learned on Facebook that we don't have very many of them. We got one good one.
On Facebook.
On Facebook.
Just Facebook. Who uses Facebook?
Well, Dave does.
That's true.
I definitely do. How many reviews do you have on Facebook, Dave?
I don't know. I have to look. I know there's probably more than 300.
I think the reviews on Spotify and Apple are probably the most important.
Yeah. I would agree.
Yeah.
We also like topic suggestions. It was somebody's idea to go ahead and do shows right after important reports come out as far as commodities go. So we want an idea from you. If there's somebody we should talk to. Corey, somebody just called you with an idea for a show, right?
They did.
Did you listen to it? Sent me a voicemail, got about halfway through it, and Dave started talking to me. So that's exciting. We love the engagement there as well. Looking forward to what November and December bring for us this year. But you guys got anything else for opening introduction before we jump into our topic today?
I just always like to throw in, you can call or text us 515-207-9640. That's another way you can connect with us on a more personal level. It goes right to Tanner. He filters all those and then he sends them on to Dave and I sometimes and then we never respond.
Yeah. Listeners, if you are wanting more content, of course, we've all kind of been out of the studio and this is kind of back in the studio. So get prepared and buckle up because there's a lot more content coming your way. That's right.
Well, Corey, one of my favorite things to do is a what's working in ag segment. And that's what we've got going for us today. And it's that time of year to start thinking about strategic planning, whether it's for farm for profit, it's on your farm, you're thinking about next year's growing crop. Are you going to put together a strategic planning session?
Yeah, we actually have some planned already on our farm. And I tell you what, we got done with harvest like 10 days ago. And I think I've been busier in these last 10 days than we were during harvest because we push everything aside that we need to get done, even though it's a priority. But harvest is the main priority.
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