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Tis a commodity question not political hopefully

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    Tis a commodity question not political hopefully

    USA election effect on markets.

    If biden wins seems a given financial markets will react negatively, suggestions here from stock brokers that some selling could be prudent in the lead up.

    Will grain markets be immuned they are not quite as connected or if gold etc do drop will grain get caught in downswell?

    If trump wins markets will stay the same no rally as such just no negative shocks.

    Probably more influences in grain market right at moment than poltics.

    Read a headlinevthis morning big dry in northern hemisphere so as sask3 alluded to usa canada are coming into play now.

    Some commodity commentaries here suggest a traditional rally in march april which has been common up until about 5 years ago

    #2
    Great questions in these uncertain times .

    Comment


      #3
      Not into trump bad biden good or biden bad trump good rheotoric.

      Markets always react to elections.

      Textbook is conservative wins markets stay the same or kick liberals wins markets fall.

      Current climate doest take much for a downward spiral.

      Comment


        #4
        Best to look at each market separately than as a whole, $6 chi wheat, $4.39 corn, and $10.63 beans are my pivot numbers from bearish to bullish posture. Everything is very close, ignore the noise of politics and look at resistance and support numbers.

        Comment


          #5
          Don't expect much change in markets one way or another . . . .

          For grains, global weather is now front and centre. That's more meaningful to markets then the U.S. election outcome. Biden or Trump now have less global influence. A Biden win may pressure stock markets for a post election ride, but then recover . . . just like when Trump won over Hillary. But if Trump disputes election results (which he will), that could also trigger damage to markets. This may be the wild card . . . .

          Don't know if we will hear the word tariff again . . . especially as global economies head into a depression.
          The possibility of a depression has far more influence than the outcome of the U.S. election (IMO). An opinion for what it is worth . . . .

          Comment


            #6
            Click image for larger version

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            Lanina graphic few spots harvest in oz is very wetvthus far

            Combines cranking up here there and everywere australia wide not much action in our state yet just odd one going two weeks away.

            Seemingly 3.5 to 4 t ha for barley is almost the norm and 2 to 2.5 t hafor canola.

            WA our biggest ir second biggest maybe this year producing state is probably on the lean side just average maybe even tad below.

            Global scheme of things yep were a big exporter but small fish in big pond nowadays. Still important but not a market mover. Ruskies are the big kahuna and argie slips under the radar.
            Last edited by malleefarmer; Oct 13, 2020, 19:08.

            Comment


              #7
              Funny lanina bad for youbguys drier and interrupted harvest for us usually lead to good year in 21 maybe bad year for guys.

              Basically nothing you havent seen before and I

              Comment


                #8
                There is more currency trader talk of a potential recovery in the USD post election. Dollar is oversold (IMO).

                Should this occur, the Cdn dollar is apt to fall back. Precious metals continue to struggle even with a weak USD. Gold may go for a deeper pullback, but a moving target to say the least. An opinion . . . .

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