graincorp crushing it on food processing volume and margin, which will continue because food processing is one of those rare industries that sustains growth even through recessions and even depressions. the SP already passed the $10 mark based on the higher trading margins as a result of the ukraine situation, which i might add is by no means over. the grain corridor deal is set to expire once more in a matter of days without, as of yet, a renewal. every time the insurance companies withdraw their guarantee on shipments through the black sea region graincorp rips. the precariousness of the situation could go on for years as the war is both a lucrative money laundering operation and an excuse to get western populations to accept austerity measures as a result of a decades worth of QE.
understanding the geopolitical situation in the world right now is much more germane to the grain trade right now than, well, the grain trade. one begets the other. people are too used to cycles and patterns to see the things above them change.
GNC Price at posting:
$8.24 Sentiment: Hold Disclosure: Held
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