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When Trump Tweets and Oil Prices Fall: A Week of Global Upheaval

Published 1 year, 3 months ago
Description

Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.

Geopolitical tensions between the US, Israel, and Iran create market turbulence while devastating storms in North Dakota destroy up to 100 million bushels of grain storage capacity. 

• Crude oil prices crash from near $80 to $65 following Trump's social media posts about Middle East agreements
• North Dakota hit by derecho with hurricane-force winds exceeding 100 mph
• Storm damage includes 50-100 million bushels of grain storage capacity destroyed
• Farm fields filled with debris requiring cleanup before harvest equipment can enter
• Senate working on budget reconciliation bill with agricultural provisions
• Federal Reserve communications hint at potential interest rate changes
• Upcoming USDA acreage report expected to move markets

We'll be back with our official Week in Review episode after this wild week concludes.




Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits. 



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