The palm oil price has made new all time highs and is a leading indicator for the crude oil price. As the palm oil price hits new highs, it is not economic anymore to add it to biodiesel and this will lead to a price increase in crude oil.
Crude oil is going much higher.
FRBNY gold deposits are shrinking, indicating a recession could be coming.
The USD is dependant on the current account and capital account. Since the current account deficit is widening, the capital account needs to rise in order to stabilize the USD. If the equity markets fall with a rising current account deficit, the USD will fall.
Current account declining:
This video explains it:
Since fertilizer prices are correlated to agricultural commodities (aka food), Verde Agritech has just started its multi-year bull market. With tensions in Belarus (Russia is occupying Belarus which provides 15% of global potash), Lithuania (supply chain disruptions) and Russia sanctions (Russia provides 50% of global potash), fertilizer prices will skyrocket.
I've been telling for years that China's tourism sector has collapsed. Chinese people are now fueling their own domestic economy instead of spending their money abroad. This lead to a soaring trade surplus and the Chinese will now be gobbling up all the commodities with that surplus money.
