Market breadth in agriculture-related equities tied to "investing grains" improved last Friday, with 78% of stocks closing above their 50-day MA. This breadth expansion is often interpreted by traders as an early-stage bull cycle indicator. “The plant currently operates with chickens produced in 19 chicken coops. The plan is to reach 139 when the facility’s expansion cycle is complete.” US and OECD commercial inventories have risen, refining runs are seasonally high, and product cracks—especially diesel—have softened. With backwardation narrowing, the market is signalling less concern over near-term supply tightness. The geopolitical risk premium tied to the Trump–Putin meeting in Alaska is now a secondary driver, and unless talks break down sharply, the macro drag from the demand outlook may keep a lid on rallies, with Brent potentially struggling above USD 70 per barrel. High-frequency agricultural trading algorithms are exploiting intraday volatility in "investing grains" contracts, generating liquidity levels unseen since last harvest.
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