Mar. 6 at 3:23 PM
$AGRO I think that it<s going up due to oil prices. Agro produces and exports a fuel alternative, that is made with corn I think. At the start of the Russia/Ukraine war, this stock rose to this level. Speculation was that there would be an interrution of oil exports given that Russia is a major exporter of oil, and that they made enemies in attacking Ukraine. But you can imagine that today the situation reguarding oil is much more dire than it was at any time in Ukraine war, even with the puncture of the north sea pipeline. So I personally think it can go higher, like 11-13, which is the 5y highs. Note that this stock is seasonal, and also prone to react to weather events. It is based in Argentina, though I think they have lands and plants in other south american countries.
