Economic pressures impacting export attractiveness | Weekly Commodity Market Update for 12/26/23
This week Will and Ben break down how the effectiveness of interest rate hikes on U.S. inflation and the power of the dollar.
Market changes over the week (as of Friday's close):
- March 2024 corn down $0.04 at $4.73
- January 2024 soybeans down $.28 at $12.99
- March 2024 wheat up $.07 at $6.16
- January WTI Crude Oil up around $1.70 around $73.49/barrel
Weekly highlights:
- Merry Christmas!
- Markets continue holiday-time lull
- Wetter than expected South American weather continues to pull on crop markets.
Topics:
- Market recap
- Market continues holiday lull
- Inflation rate down sharply year over year
- 2024 interest rate expectations
- U.S. dollar index impacting U.S. export attractiveness
- Reports to watch
Learn more about what's happening in the markets: https://brownfieldagnews.com/ag-markets/
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