Usually commodity bull markets start with a supply shock, but maybe this time is different. Let's compare the 1970s to what we're seeing today.
I would take a cautious stance here.
At some point the music stops and there is a pullback or correction or worse.
Republic Day is a day of celebration in India, but descended into chaos as farmers marched on the capital; meanwhile, a border dispute wears on.
Let's review the charts and indicators.
GRWG shows a bearish divergence between price and the OBV line.
Equity traders should think a bit about the implications for food prices in the months and maybe years ahead.
It might be time to look beyond CBD for hemp stocks as the future may instead be at the feed lots.
Here's how we'd play the stock.
Salesforce.com and Beyond Meat appear to be on sale and are presenting interesting trade setups that are worth tracking.