Turner’s Take Podcast | Recession Fears Weigh On Markets

New Podcast

The Federal Reserve raised interest rates this week by 75 basis points, just days after the latest CPI showed inflation over 8%.  The S&P 500 is now down over 20% from the highs earlier this year, which is the technical definition of a bear market.  Economists and traders are concerned the world will head into recession in 2023.  Central banks typically use Quantitative Easing strategies when economies go into recession but due to high inflation the Federal Reserve, Bank of Canada, Bank of England, and the EU all need to raise interest rates and deploy Quantitative Tightening tools.  QT will help bring down inflation but it also slows down growth and cause recessions.

In this week’s podcast we talk about the Fed raising interest rates, the high price of energy and what can bring prices up or down, and then we talk about the grain and oilseed markets.  Oilseeds have the most risk to the downside starting with soybeans and then canola.  Corn is entering pollination in the next few weeks.  Hot and dry weather in the central US could spark a big rally but cooler and wetter conditions may have the opposite effect.  Wheat is the big wild card.  The uncertainty around Black Sea wheat production and export capacity will keep wheat prices elevated until the fall at minimum.  Make sure you take a listen to the latest Turner’s Take Podcast!

 

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If you are having trouble listening to the podcast, please click here for Turner’s Take Podcast episodes! Craig Turner – Commodity Futures Broker 312-706-7610 cturner@danielstrading.com Turner’s Take Ag Marketing: https://www.turnerstakeag.com Twitter: @Turners_Take Contact Craig Turner