Shownotes
The post-WASDE market reaction is still unfolding, and there are plenty of moving pieces to watch.
What’s the relationship between wheat and crude oil, and why are Saudi Arabia and global oil markets getting so much attention? With corn harvest now around 8% complete and soybeans at 6%, farmers are keeping a close eye on crude oil and what higher energy prices could mean for agriculture.
Meanwhile, the cattle market is lower once again, with the corn-feeder cattle relationship still very much in play.
From wheat and crude oil to harvest progress and cattle, the connections between these markets could be important as we head deeper into fall.
Tuesday Market Wrap Up with Mike Zuzolo at Global Commodity Analytics