Looking at the wheat commodity as an example, it is currently "reverting" to its long term average. If anyone wants to pull up a LT chart, its traditionally been quite cheap, compared to the past 10 years which have has some significant peaks. It is now coming back in line with historical average (which is still a chunk lower).
I think there is as much upside as downside risk in feed prices.
Why I am not buying FRM, page-28
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10.0¢ |
Change
0.006(6.38%) |
Mkt cap ! $15.52M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 10.0¢ | $2.099K | 20.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 86 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 33805 | 2 |
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