Weekly Market Outlook: May 31st-June 3rd - Summer Weather Market Headed Your Way

Grant Shimek with “Black Oak Financial” talks with Chris about numerous market technicals and fundamentals as we head into the first week of June. We’re finally starting to see some planting progress in some of the areas that have been extremely wet including the Dakotas and some of the eastern states. As planting will eventually wrap up, much of the focus will turn toward weather on the production side of the equation. Chris quizzes Grant on many of the market fundamentals including basis, fund positioning, the stock market, inflation, and interest rates. They go on to discuss other economic headwinds that could impact the market direction in the short run. Longer-term weather will be a huge factor moving forward. Finally, they discuss some considerations for sales levels for both 2022 and 2023.