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Do we get very expensive food now?

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@break-out-trader
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Wheat has formed a PG on the monthly chart

It seems like food prices in general are getting more expensive. I refuse to speculate on these basic commodities because it is deeply immoral. Hunger in the pandemic has risen sharply and aid agencies are warning of a great wave of hunger.
The willingness to donate has also fallen, as people are mostly concerned with themselves.

But a chart signal is a signal and this is not going away. Wheat has formed a big signal and is already trading above the upper trigger of the PG. Whether we close there remains uncertain but if we break out, then much higher prices are likely.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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