Weekly Market Outlook Sept. 26-30th. Tug of War Price Movement!

Peter Meyer, Head of Grain and Oilseeds with S&P Global Commodity Insights visits with Chris about a number of market fundamentals to watch over the next several weeks as we get into the heat of harvest. Peter talks about the grain markets playing tug of war inside a price range with fairly good support. While Peter doesn't see a lot of downside risk, he does talk about a number of things to pay attention to which could move the markets. Some of the key things they discuss are around the US stock market, Strength of the US dollar, increasing interest rates, reduced production, potential US recession, upcoming USDA reports, South American production, export demand, and varying basis levels across the country. They go on to discuss some of the considerations as you market both the 2022 and 2023 crops. Finally, Peter talks about his thoughts on 2023 planted acres and how that could affect price movements between corn, soybeans, and wheat in the months to come.