That was interesting. I am cautious on the assumption of large commodities price falls, though I do see the logic if economic growth falls and rates are cut more than was expected even a month ago. Grains prices, soybeans and hogs have already fallen a lot. I would be interested to know why he expects something such as wheat prices to fall further when they have already fallen 50% from the 2021/22 peak.
That was interesting. I am cautious on the assumption of large commodities price falls, though I do see the logic if economic growth falls and rates are cut more than was expected even a month ago. Grains prices, soybeans and hogs have already fallen a lot. I would be interested to know why he expects something such as wheat prices to fall further when they have already fallen 50% from the 2021/22 peak.