The grain markets remain choppy. Outside markets are a factor. “The currency markets continue to suggest that we are more deflationary than we are inflationary even though the gold is sitting near its record high,” said Mike Zuzulo, president, Global Commodity Analytics and Consulting. “There’s still a big disconnect in these commodity markets when it comes to inflation versus deflation but it boils down to one subject, the trade frictions between the United States and China, which is especially negative to the food and fuel commodities.”
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