Grains drift ahead of the reports but what are the fundamentals telling us about supply and demand? Crude oil makes 4 months highs will it keep rallying? What will the Fed to with the CPI and PPI data? Darin Newsom, Barchart, has the answers!
Grains Drift Ahead of the Report: Will Energy Markets Continue Higher and What Does the CPI/PPI Data Mean for the Fed?
Grains drift pre-report, what do the fundamentals signal on supply and demand? Crude oil makes 4 months highs will it keep rallying? What does the Fed do w/the CPI & PPI data? Darin Newsom, Barchart, has the answers!
August 11, 2023 09:39 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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