Teucrium Agricultural Fund [TAGS] Stock Forecast

Russia, a top exporter in wheat, is coming off a bumper harvest, which should inject a healthy supply that could put downward pressure on prices. It's welcome news for consumers, but traders may want to watch prices closely as they continue to trend downward.

High food prices aren't relenting and harsh weather conditions should continue to keep them elevated. This could spell opportunities in agricultural commodities.

In addition to re-injecting growth into its economy, China is looking to bolster its food security after harsh weather conditions hit key crops like wheat. The second-largest economy had bright prospects heading into 2023 but still deals with a spate of issues hampering economic growth, such as the after-effects of a real estate development crisis.

The Russia-Ukraine conflict continues to escalate after an extension of the Black Sea grain deal was nixed. In the meantime, wheat futures rose, bringing delight to traders bullish on the commodity.

One of the key movers in agricultural commodities prices is the Black Sea Grain Deal, which Russia is threatening to abandon. An even bigger picture, however, is the global food crisis, which could potentially keep ag commodity prices afloat.

Agricultural futures and ETFs are showing some explosive movements. The oats and wheat markets are making significant gains after the Independence Day holiday.

Following a banner day for U.S. soybean futures, which rocketed about 6% higher on Friday after the U.S. Department of Agriculture (USDA) reported a significantly lower-than-expected 2023 soy plantings and June 1 inventories, the commodity continues to climb on Monday, lifting agriculture-related ETFs as well.

Agricultural commodities could see a volatile summer, which opens opportunities for short-term traders, particularly if a bullish backdrop ensues. A confluence of factors, namely geopolitical and meteorological, could make for a volatile ride for the agricultural commodities market.

It's been a high-stakes game of poker for Russia and Ukraine regarding the Black Sea grain deal. If both nations decide to fold and walk away with no deal, it could send agricultural commodities higher.

Agricultural commodities are pushing higher as the Russia-Ukraine conflict continues to escalate. In particular, the collapse of a major dam in southern Ukraine translated to higher wheat and corn prices.

Teucrium Agricultural Fund is a US stock and trading under the symbol TAGS

Teucrium Agricultural Fund stock price is $30.9801 today.

Yes, Teucrium Agricultural Fund is a publicly traded company.