MARKETS WILL NEED MORE THAN JUST FEAR TO MOVE HIGHER!
06 Oct 2022
Weaker European currencies, crude oil rebound, adverse weather in Argentina and Ukraine, lower US wheat production (-3.5MT), tight US corn stocks, record low EU maize production… there have been multiple reasons for prices to move higher. However, most of the recent rebound was fueled by fear and risk. In this world of uncertainties, let us review here the different scenarios for the coming months…
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