By SIMON CONSTABLE
Get ready for wheat prices to reach for the sky. In fact, depending on the weather, they could more than double from current levels.
How so? “Wheat supplies relative to global demand and relative to global trade are the lowest they have been in 50 years,” writes Shawn Hackett, author of the Hackett Money Flow Report, in a recent research note. What he looks at is the ratio of year-end inventories to the level of wheat that is traded on the global market. See original story here.
Photo by meriç tuna on Unsplash
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