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Farm Credit East's August snapshot reports 2023 first-quarter GDP growth revised up to 2.0% and May inflation at 4.0%. It also notes the Fed's rate hikes, a tight job market, and a lower recession probability.
Higher interest rates raise farm borrowing costs and influence the dollar and energy prices, which feed into commodity and input markets.
farmcrediteast.comAug 8, 2023After 86 past macro events, Milk (Class III) moved a median -0.2% over 5 sessions (37% higher; middle half -2.5% to +0.5%), and -0.2% 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.
