Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Wheat and Corn Rally While Oil Cools
Grain prices are surging while crude oil drifts lower, and in this episode we dig into why. Corn and wheat futures are up around five percent over the past week, while West Texas Intermediate sits near eighty-two dollars a barrel, barely moving. We look at the weather-driven supply shock behind the grain rally, from the Black Sea export corridor to Midwest heat, and why funds are piling into corn as a macro trade. We also talk about what this means for food inflation, especially with CPI still running hot, and whether the grain rally could spill over into other soft commodities. If you have…
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