Talks between the UN and Russia about a “grain export corridor” brought wheat prices down this week. We are skeptical a deal gets done based on how Russia has conducted itself with the war and their stance on suppling energy to Europe.
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The USDA’s May WASDE was bullish for wheat and corn
Wheat Leads Ag Markets Higher
ND farmers have until May 20th to plant HRS wheat before Prevent Plant becomes an option
Fed Chairman Powell said taming inflation is “absolutely essential” and the market is pricing in a 50 basis point interest rate hike for the next FOMC meeting in May.
Bank of Canada Raises Interest Rates 0.50%; Fed Expected To Do The Same
It has been a record travel month for me professionally. I guess COVID is over because it seems like travel restrictions are coming to an end, US states and foreign nations are easier to travel to, and Corporate America is back to bank on the road.
Farm Advantage is a free app and has market quotes, advanced charts, StoneX research and reports, USDA insurance info, BAMWX weather, and cash bids across the nation.
Thanks to everyone who came out to Commodity Classic and swung by the StoneX booth to say hello