As traders began their days on Monday morning with a plummeting stock market, it was hard to be optimistic about how trade would finish by the time markets closed on Friday.
Arlan Suderman, Chief Commodities Economist with StoneX, joins the Weekly Market Roundup to discuss the week’s trading factors.
Looking ahead to Monday’s release of the latest WASDE report, what does the market expect? Will it show a drop in production? And how accurate does Suderman believe USDA’s yield estimates are?
Stock Market: What factors influenced the drop? How did it affect grain markets?
USDA WASDE Report: Expectations and potential surprises for Monday’s release in wheat, corn, and soybeans.
Yield Estimates: Caution around USDA’s use of farmer surveys and satellite data for yield estimates in this report. Potential for significant shifts in expected yields.
Global Economic Influences: Impact of Japan’s monetary policy changes and China’s inflation data on U.S. agriculture and export demand
Weather Impact: Significance of generally favorable weather across the Midwest for grain fill and its potential to offset moisture stress in drier areas
Looking Forward: Key factors to monitor as we approach the end of the growing season for successful market navigation
SAF: New Sustainable Aviation Fuel Plan Announced in Nebraska
