Will Santa Wrap up 2022 With a Bullish Market Surprise? "Weekly Market Outlook" December 19-23rd.
Peter Meyer with S&P Global “Commodity Insights” visits with Chris about numerous market conditions as we wrap up 2022.
Peter sees little hope for bullish news in the “near term” with the exception of Argentina weather issues.
Peter goes on to discuss some of the current fundamentals in the energy sector and the fact that crude oil prices have come down to a level which is not supportive of grains.
He goes on to talk about several other issues, including the recent EPA announcement on renewable diesel, the general economy, natural gas volatility, lack of Chinese demand, and the issues in Ukraine.
Peter wraps up the conversation with a bright note, talking about the opportunities that will come in the soybean market in the next couple of years. Be sure to listen to the end as the conversation sets the tone for a bright future ahead.
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