Tom Dosdall dives into market analysis and commentary for grain futures after the June 2018 WASDE report.
USDA
Equities Markets’ Resilience has Softened Negative Vibes in Commodity Markets
While the equity markets have not completely left the confidence-shaking volatility from early February behind, their ability to maintain a good portion of their gains from the recovery bounce has calmed investors and softened the negative vibes in the commodity markets.
Markets Exhausted, Significant Lows in Grains
Global markets have not regained a “risk on” tone, but they are showing signs of looking beyond the turbulent events of the past few weeks.
Volatile Week Ahead, Growth in the Long Run
It could be a very volatile week ahead as the market deals with factors that could slow US economic growth in the short term.
US Dollar Under Pressure As Prospect for Rate Hike Drifts
The Fed symposium in Jackson Hole failed to offer any distinct direction on the state of the US economy, but recent Fed commentary suggested that a government shutdown off the budget ceiling battle and the possible effects from Hurricane Harvey could impact policy decisions next month.
Will Economic Sentiment Improve?
Given the widespread deflationary liquidation wave of late and a lack of upbeat scheduled data flows, it is difficult to call for an end to the weakness in industrial commodity prices.
Disappointing US Activity, Slide in Commodities
In retrospect, the recent sharp declines in equity prices and significant pressure on industrial commodities were justified by disappointing US scheduled data and the Fed’s move to notch interest rates upward.
US Economic Data Continue to Soften
The good news is that a series of potentially serious geopolitical issues were traversed recently without sustained damage to the global economy or investor sentiment.
World Economy Remains Upbeat
By many measures the world economy continues to recover. The pace is apparently disappointing to commodities but not to equity markets.
TWIG WASDE Recap for 2017-05-10
View the WASDE Numbers »