๐พ RECORD Wheat OUTFLOWS! ๐จ
Managed Money traders dumped 39,165 contracts during the latest COT week as June seasonals, the strong dollar, and broad agriculture liquidation triggered heavy selling.
Non-fundamentals matter! ๐โ
The market has gone from crowded longs to forced liquidation in just weeks. ๐
This round of numbers done for the corn & wheat, I've pretty definitely enough space between the house & storage shed for the corn & winter wheat.... especially so if, as is a very real possibility- I alternate between them.
Australiaโs farmers grow less wheat amid war costs, dry weather
Australian farmer Justin Everitt is one of thousands of farmers planting less wheat this year, hit by Iran war costs and dry weather. A smaller harvest in Australia could reduce global wheat supply and put upward pressure on already rising prices. #australia #farmer #wheat #iranwar #globaleconomy #News #Reuters #Newsfeed Read the story here: ๐ Subscribe: Keep up with the latest news from around the world:โฆ
https://fllics.com/en/video/australias-farmers-grow-less-wheat-amid-war-costs-dry-weather/

Australian farmer Justin Everitt is one of thousands of farmers planting less wheat this year, hit by Iran war costs and dry weather. A smaller harvest in Australia could reduce global wheat supply and put upward pressure on already rising prices. #australia #farmer #wheat #iranwar #globaleconomy #N