/biz/ - Business & Finance

>>51067171
Not bullish on WEAT. Fundamentals don't look good for Ukraine and Russian exports.

Corn is looking good however, despite reports of massive droughts and impacts from the war, US yields are looking pretty good (https://www.world-grain.com/articles/17362-inside-the-us-grains-supply-and-demand-puzzle).).
China is also set to accelerate their importation of corn from Brazil (https://www.bloomberg.com/news/articles/2022-08-11/china-to-speed-brazil-corn-imports-amid-ukraine-war-us-tension).).
Onions exports are looking decent in US and Brazil, but not as strong as Corn. Those two grains are also less susceptible to effects from the war.
Technically, grains are on a 3 month low. I'm bullish this winter, futures are looking good for the season as well.