The Fontanelle Final Bell Wednesday with Arlan Suderman of Stone X

The Fontanelle Final Bell Wednesday with Arlan Suderman of Stone X
China and USA relationship.
August 11th, 2021 | Clay Patton

Midweek has grains eagerly anticipating the WASDE report out Thursday. Arlan Suderman, Chief Economist Stone X, joins the Fontanelle Final Bell to highlight that it may actually be CPI data out on Wednesday that was fodder for the bulls. Suderman highlighted that the Fed uses PCE data later in the month the market still closely watches CPI or consumer price index data out from the Bureau of Labor. CPI data points to near 5% gross inflation with more volatile fuel and food added into the data. That seemed to bring traders back around to selling the US dollar and buying of commodities like grain.

Aside from the data in the US Suderman is keeping a close eye on the Delta variant spread in China, where they are taking a zero tolerance policy towards the virus. If the spread continues even if it is a fraction of what the US is seeing the world economy could again see disruptions in manufacturing and trade. That is not good for US grains as ports may once again become clogged with low man power to offload ships.

Finally Suderman addresses the surprising spike in Illinois corn condition Monday. While not unheard of the dramatic increase in condition is very rare and carries implications to the trade.

Catch the full Fontanelle Final Bell episode here:

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