p4917

Getting reading for the next bull-run in CORN

Long
p4917 Updated   
MIL:LCOR   WISDOMTREE CORN 2X DAILY LEVERAGED
Finally, I've started scaling in on corn again. It's planned to be a thing of several weeks/months. Then let it go. By the time we're reaching the "scale out" point marked on the chart, the prices should be relatively higher than now. How high? I don't know. But it could be really high.
Comment:
"The inability of Ukraine to export from its Black Sea ports has sharply reduced grain shipments from one of the breadbaskets of the world. This has added upward pressure on international food prices and sparked global food security concerns. While some grain has moved out of the country on alternative routes, export volumes are less than half of their normal levels, and the costs of shipping has increased significantly. If grains continue to be stuck in Ukraine, the country’s storage capacity will likely be exhausted with the harvest of the spring-planted crops this fall, constraining farmer income and their capacity to plant next season.

This webinar will discuss recent efforts to alleviate Ukraine’s storage and transportation problems caused by the war. It will also explore the challenges facing Ukrainian producers and the country’s grain sector, especially as regards the impact of reduced export capacity and higher transportation costs on farm incomes. Presenters will further explore efforts to shift grain trade and the impact of those shifts on broader regional and global markets."

WATCH HERE --> www.youtube.com/watch?v=0qTPP9To...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.