Aug. 28 at 6:30 PM
$WEN $FLO $BGS Let's talk FOOD, a true human Need, must eat-to-live. We have two Wars of significance - Iran and Ukraine, but Ukraine has more Market Effect on the US Economy. Why? Iran is only Oil, and Iranian Oil was not imported to the US before the war. Russia and Ukraine have far more impact - Oil from Russia was historically 5% of US Imports/consumption for the last 25 years, but US trade sanctions took effect with the war.
As for Food companies - Russian Oil was especially turned into products (not fuels) that included Fertilizer. And then there's Grains - Wheat and Rye especially, as Russia and Ukraine are among the top Wheat and Rye producing nations. For a bread company like Flowers Foods
$FLO, this is huge for margins. All grains are affected by shortages in other grains. B&G Foods
$BGS requires soybeans and wheat for many of their products.
$WEN is my fast-food pick due to being oversold compared to peers, but Oil/Fertilizer and Wheat (for buns) affects their margins too.
