WEAT - WEAT: Strong Long-Term Support
- The impact of the Russian invasion of Ukraine on the wheat market cannot be overestimated. But the main thing is that this factor is only gaining momentum.
- Western sanctions have significantly reduced the export of fertilizers from Russia and Belarus. These two countries account for about 40% of worldwide potash exports.
- It is naive to hope that the weather will be perfect. Experience teaches that the opposite is often the case.
- Looking at the situation, it is logical to expect high demand for US wheat. Alas, export statistics do not confirm this yet.
- The situation that is currently developing in the wheat market should theoretically attract the attention of funds. But they are surprisingly reserved in their actions.
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WEAT: Strong Long-Term Support