WEAT- an agricultural ETF for wheat futures.
WEAT is essentially tracking wheat future contracts of various lengths. Importantly, the war in
Ukraine took a disastrous turn when the Russians sabotaged a major dam subjecting thousands
of acres of farmland to potential flooding and compromising the cooling pools for the nuclear
electric generating plant that services a multitude of people. Urkaine is sometimes called the
the breadbasket of the world due to its wheat crops which are due to be harvested. Flooding
will disrupt or prevent harvesting altogether. The 15-minute chart here shows movement of
WEAT price over the first part of this month. While WEAT does not offer s high reward ROI,
it is a low-risk trade for a reasonable return. The issue in Ukraine in dire and will not resolve
easily; its impact on wheat prices cannot be overstated.
Ukraine took a disastrous turn when the Russians sabotaged a major dam subjecting thousands
of acres of farmland to potential flooding and compromising the cooling pools for the nuclear
electric generating plant that services a multitude of people. Urkaine is sometimes called the
the breadbasket of the world due to its wheat crops which are due to be harvested. Flooding
will disrupt or prevent harvesting altogether. The 15-minute chart here shows movement of
WEAT price over the first part of this month. While WEAT does not offer s high reward ROI,
it is a low-risk trade for a reasonable return. The issue in Ukraine in dire and will not resolve
easily; its impact on wheat prices cannot be overstated.