(Click on the Technical Chart Above to Expand)
The locust plaque (400,000 million locusts / 400 billion locusts) affecting East Africa, West Asia, South Asia and an impending risk to China will cause crop supplies to further tighten worldwide. This is in addition to the already unfriendly heat waves and forest fires in Southern Hemisphere. Based on technicals, I am hyper bullish on grains, rices, crops, wheat and food. Expect a super soaring rally on wheat and wheat ETFs such as those listed in the US markets.
The Donovan Norfolk Technical Rating:
All Past Fulgent Genetics Analyses: