# South America Holds the Keys | Red River Farm Network

> Red River Farm Network interviews Naomi Blohm of Total Farm Marketing on the November 9 WASDE. She notes that US wheat ending stocks fell while corn and soybean supplies rose. The global market is relying on record South American production to offset a weaker world stock position.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38648-south-america-holds-the-keys-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

With world ending stocks tighter than in previous years, the market's reliance on South American output makes prices sensitive to Brazilian and Argentine weather and crop size. This is commentary on the report rather than a new price driver.

## Sources

- rrfn.com: https://www.rrfn.com/2022/11/09/wasde-shows-modest-changes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.