• The Fed’s Bullard suggests rates may have to rise to as much as 7% to sufficiently cool inflation
• CPI and PPI recently surprised a bit lower but remain well above the Fed’s comfort zone
• The Treasury curve reacted to the news by inverting further, which increases the likelihood of a deeper, longer recession than the short version we just came out of
• The silver lining (or cotton candy in this case) should be lower crude and crude refined product values that should lend a headwind to corn and soybean oil
• And save the date!
  • 2023 Spring Market Seminar: Acting with an award-winning script
  • Wednesday, April 26, 2023
  • Oakbrook, IL

Host: Michael Caughlan, President & CEO Expert: Shawn Bingham, Director of Risk Management