The value of commodities versus the value of stocks is relatively low. John Payne, the author of ‘This Week in Grains and Oilseeds’ explains why it matters to AgDay’s Clinton Griffiths.
Watch the video below.
Expect Commodities & Stocks to Find Balance
Commodities are cheap compared to the recent rally in stocks. Analysts say they expect that to balance out at some point soon.
November 15, 2020 02:58 PM
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Corn and wheat futures saw more fund selling and long liquidation end of month but it was triggered by war headlines. Chuck Shelby with Zaner Ag Hedge says those markets continue to remove risk premium.
Corn futures are lower again on Wednesday following the easing crude oil market as Iran peace talks continue to progress. What’s holding up soybeans and cattle?
Alan Brugler with A&N Economics, Inc. says the grain market traders are cautiously optimistic a cease fire or peace deal between the U.S. and Iran is near and took out war premium Tuesday.
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