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UAE Exits OPEC, 31% Wheat Ratings, and the $10.7B Gold Merger Reshaping Markets
Description
We analyze a historic week in commodities as the UAE exits OPEC, reducing the cartel’s market share to 26%. We dive into the $10.7 billion Regis-Vault gold merger, Argentina’s 49% projected jump in mining exports, and the $100 billion struggle to repair Venezuela’s failing power grid. Plus, a look at why U.S. winter wheat ratings have hit a multi-year low while Brazil prepares for a record-breaking 181.6 million ton soybean harvest.
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