Kalmsy I reckon you'll find it is about to shift again but to the side of further inflation. Sugar, cotton, soybeans, canola, rice all have flag like pennants on their charts and with crude driving consumption regardless of subsidies and importers wanting to build stocks fearing ever being so short again we are about to enter another hyperinflationary phase. The big difference now is that the meats and fibres are going to tag along now too. It used to be a game of whacking the mole now the whole family of moles is sticking their heads out ...
The security of this bull run is basically underwritten by high oil prices IMO. I am buying futures at this point in time. Sugar and cotton in particular still yet to take out their all time highs ...
