Thursday Channel Final Bell with Mike Zuzolo with Global Commodity Analytics | 8-15-24

The wheat market has resumed its decline, leading the broader grain markets lower. While the latest CPI data continues to exert some influence, traders are now shifting their focus to the upcoming crop tours next week. These tours are eagerly anticipated, as they will provide crucial insights into the condition of this year’s crops. With questions looming about how these crops actually look, market participants are bracing for potential surprises. Meanwhile, cattle prices have taken a hit, adding another layer of complexity to the current agricultural market scenario.