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Tidbits, Q&A, Broilers & Ethanol, Markets & Rain Days Update 5/25/23

Highlights


Talks between top-ranking Republicans and Democrats continue about the debt ceiling.

Hawkish (aggressive, forceful) comments yesterday from Federal Reserve Governors Bullard and Kashkari raised expectations for a longer period of high interest rates or even higher rates.

The US dollar, with the renewed prospect of higher interest rates, broke out to the top side of its range.

Private Brazil Crop Analyst, Agroconsult, raised their projection for the second crop Brazil corn harvest to 102.4 million mt, up 11% from their last projection and well above both USDA and CONAB projections.

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