WEAT - An Historic Potential Opportunity In Wheat

2024-04-01 12:56:39 ET

Summary

• Wheat prices have dropped by about 60% since their peak in 2022, presenting a value-oriented trading opportunity.
• Anticipated reductions in planted acreage and recent disruptions in major wheat-producing countries could lead to a rebound in wheat prices.
• The Teucrium Wheat ETF (WEAT) is a speculative buying opportunity for commodity investors to gain exposure to the wheat market.

Wheat is admittedly not one of the sexiest commodities, and it has consequently been ignored by traders due to its staid reputation. About the only time the key staple crop receives any meaningful attention is when there's a sizable increase in food prices over a sustained period (similar to what we saw in the 1970s, and again in the war-driven inflationary years of the mid-2000s)....

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