08/23/2024 Club Fed Meeting, Profarmer Final, Cattle on Feed Friday

On the Grains
Federal Reserve Chair Jerome Powell is set to address the news media at 1 pm central, early word is that he probably won’t do too much forecasting but more outlining of what are the possible “landings”. Some have begun to worry that unemployment could rise fast enough to derail the “soft-landing.” It’s becoming more apparent daily that Ag has yet to see the soft landing, all three of the big equipment manufacturers have announced layoffs and sadly unless something changes, real quickly, its probably just the start. Also, I’m just throwing it out, I personally believe that the Commstock weekly meeting should be held in Jackson Hole, Wyoming- beats the heck out of zoom.