Flood Havoc
- Flooding delays crop seeding and imperils livestock, raising their prices
- Flood damage adds to farm losses from ongoing trade war with China
- Could U.S. exports of corn, soybeans be disrupted by the massive flooding?
- U.S. is the world’s top exporter of corn, second in soybeans
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Are U.S. and UK Interest Rates About to Converge?
- UK interest rates have lagged the multiple U.S. hikes amid Brexit uncertainty
- Did Fed raise rates too soon and did UK take the correct interest-rate path?
- SONIA, SOFR markets indicate UK and U.S. rates converging in the early 2020s
- Pound could sink on ‘no-deal’ Brexit; a deal would rally pound vs dollar, euro
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