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17:39
【Mike McGlone】 Deflating Grains May Be Canary in the Coal Mine - The Bloomberg #Grains Spot Subindex one-year decline of about 20% to April 24 shows #agriculture-price #deflation and might be a precursor of what to expect in most #commodities. It's the ability to bring on supply in one year that puts grains at the forefront of commodity supply vs. demand-elasticity forces. #Russia's invasion of #Ukraine was a good test and grains are passing. The cycle for prices remains downward this year. @BBGIntelligence #corn #soybeans #wheat