Investors and economists are getting awfully complacent about inflation, in my opinion. They seem to think that an escalating international war that we are printing money to support, and one that is disruptive to grain and metals trade is background noise.
Well, the latest inflation numbers have improved so I have to give them that. BUT should the war continue to escalate it will almost certainly keep up inflationary pressures.
And one area to be mindful of is grain. Namely, wheat.
Today we look at the Wheat ETF (WEAT) simply as an indicator to watch for inflation and any escalation of the war abroad.
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Teucrium Wheat ETF (WEAT) “weekly” Chart
Here we can see the slide back to reality as investor fears about grain prices (and trade) have subsided. BUT the latest bump higher is a reminder that the war is still ongoing and Ukraine and Russia play a big role in the grain market. Worth watching.
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