Agriculture Steps Into Leadership π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Andy Featherston.
For yesterday's chart of the day, we highlighted the natural progression of a commodity cycle, with one of the last phases being a run into Energy.
Agricultural commodities tend to move alongside Energy due to shared input costs and inflation dynamics, and today, Wheat futures pushed to fresh 52-week highs.
Grains are now on pace for one of their strongest three-week advances of the decade, with the Invesco Agriculture Fund (DBA) looking primed to push higher out of a multi-year range.
The Takeaway: Commodity strength continues to broaden, with agriculture joining Energy in the leadership rotation.
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