A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

<p><br></p><p>#reopening #straitofhormuz #bearish #diesel #fertilizer </p><p><br></p><p>The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.</p><p>A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term. </p><p>The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW! </p><p>The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100. </p><p>Cattle on Feed BULLISH! </p><p>S&amp;P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now! </p><p>China has started buying U.S. soybeans, but we need more volume.</p>