Agri Markets Hit By "Aggressive Positioning Washout" But Supply Risks Linger

Agri Markets Hit By "Aggressive Positioning Washout" But Supply Risks Linger The Bloomberg Agriculture Spot Index has nearly reversed its US-Iran war gains in recent weeks, as sliding fertilizer and energy prices, along with an interim peace deal between Washington and Tehran, have reopened the Strait of Hormuz and initiated the normalization process. Daryna Kovalska, a commodity strategist at BofA Global Research, told clients that, with agricultural markets having undergone...

By Tyler Durden