Grain markets are still near all-time highs, and rent and housing costs are still at elevated levels explains Michael Zarembski, Director of Futures, Charles Schwab. He thinks it will be a slow draw down. CPI numbers are due out this morning. He points out that the market is anticipating a 50 basis point hike in May and even in June and July too. Michael discusses the spike in corn futures (/ZC). He weighs in on inflation, China lockdowns, the Russia-Ukraine war, and the employment situation.
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