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Many factors influence the path of least resistance of asset prices. In the world of commodities, fundamental supply and demand is one of many issues that can move prices over time. Exogenous events when it comes to the weather or policy changes in leading producing or consuming nations can also have a significant impact on price levels. Politics can be as fickle as the weather.
We have seen how the protectionist wave as a result of the ongoing trade war between the US and China has weighed on agricultural and industrial commodities prices. China is