Monetary Tightening Concerns Drive Inverse Crude ETFs Higher
Crude oil prices dropped, pulling crude ETFs lower amid growing concerns that monetary tightening will affect global economic activity.
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Crude oil prices dropped, pulling crude ETFs lower amid growing concerns that monetary tightening will affect global economic activity.
Fewer domestic exports from the U.S. this summer could also weight on prices, particularly when it comes to wheat, corn and soybeans.
Agricultural Commodities are pushing higher as the Russia-Ukraine conflict continues to escalate. In particular, higher wheat and corn prices.
China's surplus of wheat could be decimated by heavy rain and high humidity, according to the South China Morning Post.
China is making use of its wheat surplus by shifting from corn to wheat for its animal feed market, which could hamper corn imports.