In 2022 fertilizer prices hit new highs. Russia export bans, belarus sanctions and Chinese restrictions combined with a tight energy market.
Corn prices lagged a little, but quickly caught up.
Mind you, that was after 70% rise in the two years before.
If we get in the blue zone (big if, but if), sell the euro.
Not sure how you can be bullish on euro. Its short energy.
Everyone needs energy. AI needs energy.
Dollar is pretty long energy.
Yuan? Iranians accepted BTC.
Dollar remains king.
have been trading oil on and off the last few weeks. Crude is a tricky one, but $100 will be touched again.
In the meantime, these elevated funding levels are a really nice gift.
$VVV wanted to get another shot to reload my bag around 5.30 ish. Did not get it, although still have my spot holdings from lower.
If we break upwards, good chance we will see 8's pretty soon.