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If you were to ask most market participants which commodity is the most political, the vast majority would likely choose crude oil. More than half the world's petroleum reserves are in the Middle East, which is the most politically turbulent area on the earth. Crude oil continues to power lives around the globe, even with the trend towards cleaner fuels that leave less of a carbon footprint.
Throughout history, wheat has been a far more political commodity than oil. The primary ingredient in the bread that feeds over 7.6 billion people has caused more than