# Inflation forces building

> An Arkansas Extension outlook for the week of May 14, 2018 says crude oil reached its highest since late 2014 and US equities were rising on inflation expectations. It names support levels of $3.91 for corn, $9.80 for soybeans and $4.90 for wheat, and calls cotton bullish.

- Date: 2018-05-14 · published 2018-05-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10235-inflation-forces-building
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Stronger energy and inflation expectations can lift commodity prices broadly, but grains need to hold support levels to stay bullish. A break below those levels would weigh on feed grain costs.

## Read by commodity

- CSM: bullish ▲
- SOY: neutral
- WTI: bullish ▲
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-04-17 | [March 2023 Inflation Update](https://feedsoft.ai/events/36352-march-2023-inflation-update.md) | -5.7% | -15.2% |
| WTI | 2026-03-18 | [Trading Day: Hello inflation, goodbye 2026 Fed cut \| Reuters](https://feedsoft.ai/events/20069-trading-day-hello-inflation-goodbye-2026-fed-cut-reuters.md) | -3.3% | -3.8% |
| WTI | 2021-10-12 | [Seoul shares end lower on inflation woes, foreign selling \| Yonhap News Agency](https://feedsoft.ai/events/44802-seoul-shares-end-lower-on-inflation-woes-foreign-selling-yonhap-news-agency.md) | +2.4% | +1.7% |
| WTI | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.6% | +3.3% |
| WTI | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | +2.0% | -0.4% |
| CORN | 2023-07-25 | [Argentine IMF concessions risk further fueling red hot inflation](https://feedsoft.ai/events/35332-argentine-imf-concessions-risk-further-fueling-red-hot-inflation.md) | -13.4% | -17.1% |
| CORN | 2022-05-26 | [South Korea steps up inflation fight with back-to-back rate hikes](https://feedsoft.ai/events/41632-south-korea-steps-up-inflation-fight-with-back-to-back-rate-hikes.md) | -4.6% | -3.2% |
| CORN | 2018-06-04 | [Market Outlook Considerations for Week Beginning June 4, 2018](https://feedsoft.ai/events/6747-market-outlook-considerations-for-week-beginning-june-4-2018.md) | -2.0% | -7.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/be-respectful-of-the-risk-on-trade-this-week

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.