Video: Trump/Powell Feud + De-escalation in China Trade War = A Bottom for Markets
A softening in Trump’s remarks about Fed Chair Powell, U.S. interest rates, and the China trade war has brought a modest sense of relief to both stock and commodity markets. However, renewed talk of 96 million corn acres for 2025—driven by rapid planting—continues to pressure corn futures, while OPEC+ signals of a potential boost in oil production by June are weighing on WTI crude prices. Gold appears to be peaking, while canola futures and cattle are stealing the spotlight, hitting new contract and all-time highs, respectively!