bullish
Which Commodity Trades "Big Money" currently favors // USDA Outlook 24-25 Highlights
SUMMARY
In his presentation Thursday morning at the Agricultural Outlook Forum USDA Chief Economist Seth Meyer said input prices are not falling with commodity prices, squeezing margins.
"When commodity prices normalize and readjust, those input prices tend to be sticky, which shrinks producer margins," Meyer says. "...It was maybe easier to make a little bit of money in '22, '23.
It's going to be a little bit tougher in the next crop year."
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