Gold Outlook Report 2023

Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies. It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma,...

Trump Delays Iran Attack Deadline By Another Ten Days Summary Iran rejects US plan but says diplomacy continues (indirectly, apparently) - White House, Pentagon reviewing options for 'final blow' as Trump tells Iranians 'get serious' about talks. Hegseth: we'll "negotiate through bombs". Trump asserts Iran is begging for a deal. Trump extends energy destruction 'deadline' to 10 days - oil slides & almost immediately rebounds. Trump touts "present" of several tankers allowed by Tehran through Strait, while at the same time warning Tehran of 'no turning back' if it doesn't negotiate. Cabinet meeting hails 'successes'...

UAE Will Be Pounded If US Invades, Iranian Officials Warn Via Middle East Eye Tehran believes the United Arab Emirates is playing an active role in the US-Israeli war on Iran and any ground invasion could lead to widespread attacks on Emirati state assets, two senior Iranian sources told Middle East Eye. A month into the conflict, which has battered global markets, Donald Trump is weighing whether to use ground troops to seize strategic islands in the Strait of Hormuz in an attempt to stop Iran from disrupting energy supplies. Attention has particularly focused on Kharg Island, the...