Articles tagged under: Sterling Smith
Crude Prices Drop Below $80 per Barrel
Published November 18, 2022
The ag commodities continue to chop in a range-bound trade. AgriSompo North America market analyst Sterling Smith says there is some good news for consumers in the outside markets. Crude oil values dropped below $80 per barrel for the first time…A Dramatic Market Swing
Published October 21, 2022
Volatility in the dollar index allowed the grain markets to bounce off its lows Friday. AgriSompo North America market analyst Sterling Smith says a volatile 140-point swing in the dollar index occurred within one minute Friday. "News dropped that the…Soybean Yield a Big Surprise
Published August 12, 2022
AgriSompo North America market analyst Sterling Smith says USDA’s soybean yield was major surprise to the market. "The market was completely blindsided by that. This surprise sent soybeans spiking lower, taking corn with it. The wheat market didn't even really…Sideways
Published August 7, 2022
The USDA supply/demand report will be released Friday. "I think we're going to go sideways up to the report," said Sterling Smith, market analyst, AgriSompo North America. "I think the report probably isn't going to be bearish, but global corn…Strange Commodity Markets
Published July 18, 2022
The grain market action is acting strange. AgriSompo North America market analyst Sterling Smith says there are several factors playing into the situation. "The producer price index did not bring great news. People were hoping the month-over-month number would ease…Investors Leaving the Commodity Markets
Published July 16, 2022
The grain market has been a two-sided affair. AgriSompo North America market analyst Sterling Smith says traders have concerns about the economy. "I think we are having this ongoing investor exit from the commodity trade; they are fearful of the…Market Downturn is Overdone
Published July 9, 2022
USDA will release its July supply and demand report Tuesday. AgriSompo North America market analyst Sterling Smith expects a tight balance sheet. "I did my balance sheets, trying to predict the future and the soybean ending stocks number was noticeably…Recession May Already Be Here
Published June 24, 2022
AgriSompo North America market analyst Sterling Smith thinks the U.S. is already in a recession. "I'm going to say something few are willing to say, we're in a recession in the United States right now. The GDP numbers in the…A Price Shock Coming to Gas Pumps Near You
Published May 14, 2022
Energy prices continue to rocket higher. AgriSompo North America market analyst Sterling Smith expects even higher energy prices. "Crude oil is up $3.50 to $4 per barrel. Unleaded gasoline is up 12 cents per gallon and diesel prices are up."…