Us bond yeilds soaring-what does it mean for canadian canola, wheat, oats and barley

[Crestliner]

Big moves in US Treasury Yields, stock market correction now expected....what’s does it mean for Ag Commodities prices? Experts here please weigh in.

[macdon02]

Big moves in US Treasury Yields, stock market correction now expected....what’s does it mean for Ag Commodities prices? Experts here please weigh in.

In short, nothing. Higher cost of carry so look for spreads from spot to further out to increase. Record shorts in bonds and odds are it'll kick them out here within the next week. Its easier to see the long term trend then the short term direction. Expect higher taxes as govt cost to borrow increases stifling growth. Private sector has to compete with govt so borrowing costs for us will increase as well.