Agricultural Markets Dive: Corn, Soybeans, Silver & Interest Rates

Join us as we explore the agricultural markets, focusing on corn, soybeans, silver, interest rates, and the stock market. Darin Newsom from Barchart discusses the current trends, noting a downward trend in most agricultural sectors, except for hogs. Corn and wheat saw a brief price increase due to geopolitical risk, but this was quickly reversed. The national corn index recently surpassed four dollars, indicating momentum, but weak basis suggests ample supplies. The soybean market shows commercial buying, possibly from China, with delayed export sales data. Interest rates are a significant factor, with speculation of another cut and a new Federal Reserve chair potentially leading to higher inflation. Silver has seen a record rally due to increased demand from electric vehicles, but this could be impacted by changes in fuel standards and biofuels policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.