Commodity Report #42
About Russian Wheat, scary futures spreads and a breakout in copper
The benchmark, CRB Commodity Index, ended the week 13,4% higher. Wow.
Scary times - the war changed all outlooks for the commodity sector and is driving prices into highs last seen at the peak of the financial crisis in 2008. We face a serious supply crisis - not only in Europe but all over the world, which will lead to even scarier consumer price rises.
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