This is an incredibly clean breakout. Nice longish term buy and hold betting on food costs increasing. Inflation wasn't fooling around and this chart is proving it. Keep your eyes on it.
I first warned about food inflation just prior to the Pandemic in Dec 2019. This time it is far more significant break out since aggs are breaking a 13 year trendline. While we think of our supermarket and take out food costs, the reality is that social unrest in various parts of the world tends to break out. Arab spring occurred last time. As a rule of...
Brief for Agriculture: - Price inflation of commodities and tailwinds of seasonality will provide a bountiful harvest this year's end for agricultural commodities. Focus points: Coffee: Oats: Soybean: Soymeal: Cotton: Most interested in Coffee and Oats, as they are showing strong trends entering into the bullish season, but eagerly awaiting Soybean...
Ruh ruh! VCP broken up. nooooooot goo for the globe. Wait until they hit China.
Fuel costs cannot be blamed as the sole catalyst in rising food prices, as harvests hit by hot weather and Covid restrictions, an increase in global demand – with a dramatically cold 2020 winter and hot 2021 summer, and disruptions in the supply chain, are also to blame. But if transport and farming costs continue to rise, our food bill is likely to keep...
Price is consolidating at recent resistance with higher lows. Looking for a break higher.
DBA is clearly forming an ascending triangle pattern. With global supply chains showing no sign of improvement, fundamentally agriculture is set to benefit massively from rising prices. This is an obivous long if we manage to break above 19.50 on decent volume.
Idea for DBA: - Agriculture on an uptrend but testing a down TAIL resistance. - Rejected at resistance, re-testing. - Watching for the short if rejected again, or fakes breakout to the sliding parallel and fails to breakout. GLHF - DPT
This break out of the descending channel looks legit and probably see's higher prices. Looks like a basic basket of agricultural goods is going to become even more expensive. Pattern target -> $20.50 Fund Holdings subject to change FUTURES % OF NET ASSETS Corn 14.29 Soybeans 13.73 Coffee 13.60 Sugar 13.25 Wheat 11.31 Live Cattle 9.78 Lean...
1. Commodity Currencies Australia, Canada, and New Zealand all have commodities that fluctuate with respect to commodity prices. As demand for these countries' export has risen and commodities have increased in value, these three currencies have appreciated. As the dollar depreciates, commodities become cheaper. A. Aussie Dollar Australia is a major...
This ETF has been my favourite since 2020. With the scarcity in supply from agriculture segment and the incoming waves of inflation, this could be one good bet for agriculture sector. It's looking like a small cup and handle with the neckline at 19.19, it's looking pretty good if there's good volume to push for breakout. Let's see how the US Market goes for next...
If it breaks out, it could easily 2x from here?
Broke above the resistance level of 17.60, should have more upside with inflation kicking in. Trade with caution.
Watching to see if this holds, will get long if so
Will be adding this on Monday, this monthly close is all I need to see
*This is for those that are interested in boring long-term trades.* We might be setting up for a multi year bull run on agricultural commodities. In 2020, soybeans, corn and wheat saw massive gains. This rally might continu in 2021. First of all a short article on the correlation between the USD and commodities: brownfieldagnews.com DBA is the ETF that tracks...
I like everything about this one 1. Break out of the long term down trend (not completely out of it but moving in the right direction) 2. All macro behind it is looking great 3. Anti-inflation hedge 4. Very underpriced compared to equities 5. Rotation in commodities might be a theme for 2021 This is a long term, slow growing asset class. Do not expect any...
food supply chain messed up thanks to covid and weather, basing for b/o