Wheat prices are near 10-year lows, but the ag tech guys say demand is up slightly and prices will follow.
I guess this explains my losses in my wheat fund investments.
But Deere is selling more equipment to Russia now.
Also Quote:
“The boom in Russia is attracting some of the world’s biggest trading houses, with Olam International, Cargill and Glencore investing into everything from silos to export terminals.”
I guess I might realign some of my agra funds around equipment suppliers who are selling products going to Russia.
But there is another side note to this.
The government (Obama regime) is changing the rules again, to take more money from folks like me who also invest in agra funds/commodities like wheat, corn, soybean, sugar...
I don’t fully understand it yet, but the tax consequences are getting more burdensome and they are even making it more difficult to invest in American grains. I hate them. Yesterday, I sold my sugar funds (at profit) just to have to get out. Our government is destroying America.