IARN — When it comes to the volatility we have in the markets, they are usually most affected by politics, inflation in the economy, and our production numbers. This week, all three will come to bear on the Ag markets as we have a busy week of information. Tuesday will see mid-term elections, Wednesday will be the World Agricultural Supply & Demand Estimates (WASDE), and Thursday will give us inflation numbers.
Feels like a perfect storm is brewing.
Greg McBride of Allendale joined me for our Opening Market Podcast this morning, and we talked about the power all three of these will have on our markets, even though we don’t have any certainty as to what will happen yet. On politics, McBride says that the elections could be a turning point in the making. A lot is riding on this election for agriculture, including the Farm Bill in 2023.
For more on this story visit the Iowa Agribusiness Radio Network.
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