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CoBank's quarterly report said agriculture is weathering inflation thanks to strong pricing power from commodity shortages. The lender expects the Federal Reserve to keep raising rates into 2023.
It described the broader US economy as resilient but warned of likely damage in the first half of 2023.
Continued Fed tightening strengthens the dollar and raises borrowing costs, which can weigh on commodity prices and farm spending. Tight supplies are still supporting grain and energy-related pricing power.
dtnpf.comTodd NeeleyOct 18, 2022After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
