Slowing Inflation Trade As The Recession Trade Picks Up Speed
b'Crude oil futures (/CL) price is back below the $100 level. "The price of gasoline will influence inflation. Sticky food inflation will also drive headlines. The WASDE report was almost inline with analyst expectations. However, corn, wheat, and soybeans sold off heavily yesterday. This is due to outside influence. When crude oil is down 8%, commodities will trade in a risk-off session. Inflation trade seems to be taking a breather, while the recession trade has been picking up steam," says Jake Hanley.'