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Inflation shock: Corn, Wheat and Oil futures rally between 10% and 18% as traders begin to lock in prices. Re: Northern Hemisphere heatwave and the Russian 2023 'blockade' of Black Sea/Ukrainian ports. Also, Russian missile attacks of Ukrainian grain silos.

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U.S. Dollar selling is overdone on the collapse of U.S. inflation. El nino and climate change are playing havoc with energy (electricity) consumption. Sooner or later this will spill back into inflation expectations.

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