From planting to harvest, every year brings a collection of unique challenges. Extreme weather and tariffs are two that have recently played leading roles in the grain marketing plans of producers across the United States. If nothing else, these fundamental market drivers have emphasized the importance of taking a measured approach to battling the unknown.
Perhaps the moderation is the result of many markets having already priced-in anemic growth, oversupply and little threat to supply.
The events in the second half of 2014 will do more to stimulate the global economy than all the central bank and governmental efforts combined.
Join Drew as he reviews day one results from the crop tour along with yesterday’s crop progress report.
It would seem like US and global equity markets have finally come to grips with the less than anticipated rate of recovery, the fear of overvaluations and a rising measure of uncertainty toward the Middle East and oil prices.
Another month has drawn to a close, and US economic data has continued to be mixed and largely disappointing to the trade.