By John DePutter & Dave Milne – February 24, 2021
The News:
“A prolonged cold snap in the Great Plains region of the United States may have caused serious damage to the winter wheat crop.”
Western Producer, February 22, 2021
“A prolonged cold snap in the Great Plains region of the United States may have caused serious damage to the winter wheat crop.”
Western Producer, February 22, 2021
We have seen some commentaries and news stories lately about how cheap commodities are, compared with stocks. And with stocks running wild to the upside, that has naturally raised some questions about whether commodities might catch the same wave and fly higher.
Couple this with China’s massive purchases of soybeans and other commodities the past several months, and people are wondering if another macro-economic upswing might be in the cards – just like 2007 through 2008, which was followed by a second surge in 2011–2012 which brought even more markets to new all-time highs.
“China continues to lag behind the pace of imports from the US needed to meet the terms of the two nations’ trade deal, amid a rapidly worsening diplomatic standoff that’s sparking global fears of a new Cold War.”
Bloomberg, July 27, 2020
“The CEO of an ethanol plant in southeast Minnesota is not convinced the rebound in ethanol production is sustainable.”
Brownfield, June 8, 2020
“US oil benchmark crashes below $0/barrel to mark historic plunge.”
–Market Watch, April 20, 2020