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Showing posts with the label wheat

Wheat futures from March 2021 to June 2022. Showing June harvests and its price correlation. Note the sell off in June 2022 as funds covered short positions. Price remains bid on Russian blockades of Ukrainian wheat exports.

Oil breaks through $113 resistance, now bid over $115: two day forecast correct. China slowly emerging from COVID lockdowns, the Ukraine war wages on as Russia begins to use Wheat/Natural gas as a leverage play against Western sanctions, leading to higher electricity and food prices.