Milk Futures
It’s not just the more widely traded “food” related commodities that have been on a tear. I have always regarded milk as a legacy contract leftover from days gone by but it has done extremely well over the past year.
Funny If True….
PS: I have a very vague recollection of a trader in the 1980’s being caught in a similar manner with copper.
Its A Bet Not A Prediction
One of the issues I have with technical analysis and its more die hard adherents is that they assume they are making a prediction when in fact they are making a bet. This might seem to be a mild quibble of a simple matter of definitions but the two words carry much different meanings both…
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Agricultural Economics
I know staggeringly little about the economics of agriculture which is why I found this Twitter thread so interesting. More wheat stats. My personal favorite Misleading Wheat Stat is “Ukraine/Russia grow 25% of world wheat exports.” Why’s it misleading? It’s technically true, but doesn’t mean what people think! Missing wheat from the war is actually…
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Energy Markets in Turmoil
PS:If you are like me and long the energy complex beware of confirmation bias in this otherwise excellent overview.
