Errol’s Commodity Wire

Errol’s Commodity Wire

USDA Acreage Report - - Big Drop in Corn Acres - - Quarterly Grain Stocks Report - - JP Morgan: ‘FLASH CRASH’ Warning

Mar 30, 2024
∙ Paid

Here’s a breakdown of USDA's Prospective Plantings report (acreage estimates) plus the quarterly USDA grain stocks report released Thursday morning. A big drop in corn acres was the big surprise . . . .

And lets spice-it-up and look at the overheated equity markets . . . . Bank warnings to bank failures (under-the-radar) are gaining momentum. Now, lets add a ‘dose of cayenne pepper’ to incoming market intrigue. I’ve included a recent statement from U.S. banking giant JP Morgan. This statement may have investors looking for a squeeze-of-lemon or maybe even a little vinegar in-case of an “out-of-blue” sudden market reversal. The margin call heat would be on . . . .

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