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Wheat Outlook -- Global Stocks are Down, but Still Quite High

Global wheat stocks are down from last year's record high, but still substantial. (Stephanie Ho; Seth Meyer, WAOB Chair; Rob Johansson, USDA Chief Economist)

 

Source: USDA


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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.