There is new data out showing inflation is slowing, but it could sell trouble for the consumer.
This month’s Consumer Price Index shows a 0.1 percent drop in March, where the markets were expecting a 0.1 percent gain. On the year, the CPI is up 2.4 percent, and the markets were expecting 2.5 percent.
This could mean consumers have hit their limit.
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Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
Expect a steady corn grind and selective basis strength where exports and local blending stay active.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Expect business-as-usual for most container exports.
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.
