I find this thinking tough to square given ultra-low ECB rates for years ahead of the pandemic and no inflation.
I find this thinking tough to square given ultra-low ECB rates for years ahead of the pandemic and no inflation.
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Wheat futures mixed; winter wheat leads gains. Coffee dips 2-week low on Brazil rain. Cocoa falls on good harvests.
Corn futures steady to 2 cents higher; Dec corn at $4.34, cash up 3 cents to $3.95 1/2. Brazil crop at 137 MMT.
Lean hog futures dipped, with prices down 5-50 cents. USDA hog price at $85.53, down $2.50. Pork cutout up 22 cents to $100.24.
Fed halts balance sheet runoff Dec 1 amid rising funding costs & liquidity stress. Markets watch for impact.
Calpers, the biggest U.S. public pension fund, will vote against Elon Musk’s $1 trillion Tesla pay deal, calling it excessive and overly concentrated. Musk is pushing for investor approval ahead of a Nov. 6 vote in Austin.
China’s Premier Li says need to expand domestic demand, deepen supply-side reforms China’s Premier Li Qiang stressed the need to balance development with security.
Australian export and import prices both fell in Q3 Export pirce index and import price index both fell, but more at a slower pace than in Q2
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