*Ahem,*
I read this article: World has 10-week supply of wheat, expert tells UN Security Council: ‘This is seismic’ (fox29.com) which claims we have about 10 weeks left of reliable wheat supply (alt source: A food insecurity expert predicts that there's only 10 weeks of wheat supplies left in the world as Russian invasion disrupts production (msn.com) ). This is in part due to Russia's conflict with Ukraine, and Zelensky seems to have similar concerns: Zelenskyy's global food crisis prediction may be 10 weeks away, UN official says: 'Seismic' (msn.com) .
In light of this supposed supply shortage, I checked out some popular Wheat Stocks:
- Bunge (NYSE:BG)
- MGP Ingredients (NASDAQ:MGPI)
- Andersons (NASDAQ:ANDE)
- Archer Daniels Midland (NYSE:ADM)
- Farmland Partners (NYSE:FPI)
- CME Group (NASDAQ:CME)
- Seaboard Corp. (NYSEAMERICAN:SEB)
But I don't really know how to interpret these. They are largely currently declining or trending neutral, downhill sort of imitating the rest of the stock market. Do you think any of these will rally soon? Some of these are relatively cheap so I would not mind buying a few positions to wait and see. But also – 10 years is a while, and I wonder if this alleged supply shortage will affect the market soon or shock it closer it to the 10-year mark causing the uptrend then. I also considered Wheat Alternatives that I think would probably rally alongside Wheat, but I don't really know good Wheat Alternative tickers.
Thoughts ???
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