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| Tori Uhland | Limit Up
Last week, the agriculture markets started off on shaky ground for a reason that you may not at first suspect: Argentina’s presidential election. It’s no secret that the happenings in South America impact our commodity prices, but at first thought, it’s usually something along the lines of weather or crop production in Argentina and Brazil.
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| Tori Uhland | Limit Up
I think we have all noticed the increase in prices of everything from daily necessities like groceries and toiletries to unnecessary pleasures like Netflix and holiday decor. In true Thanksgiving spirit, I have been doing some research on the cost of this year’s turkey dinner and food inflation.
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| Tori Uhland | Limit Up
It’s becoming increasingly more frequent that I sit down to write this and I’m not sure at all what to say. This isn’t because of a lack of news, it is because there are so many ongoing situations and surprise events to keep track of—on top of the normal fundamental and technical details.
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With the USDA Quarterly Stocks report now behind us, the next focus is on the October 12th World Agricultural Supply and Demand Estimates (WASDE) report, as well as US harvest progress and South American weather. Harvest across the United States is moving right along with mostly clear weather forecasts not causing any delays.
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Continuing with the trend from last week, I’m going to talk a little bit more about South America and their global trade relationships. In recent years, the agricultural trade relationship between China and South America has grown significantly, with China emerging as a major importer of agricultural products from various South American countries.
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| Tori Uhland | Limit Up
We have started yet another week with high volatility and a spike in the markets. The conflict in Ukraine has been going on for something like 17 months now, and throughout the duration of the war, we have seen a lot of back and forth on the status of the grain corridor agreement.