Buy WEAT by Dec 28, 2026.

Wheat is about to surge as the Iran war causes lasting damage to oil and fertilizer supply chains, because those shocks raise farmers’ input costs and threaten future crop yields. Reports indicate the conflict has disrupted a large share of global urea and nitrogen fertilizer trade through the Strait of Hormuz, while also forcing Gulf energy and fertilizer facilities to halt output. Investment thesis The key bullish case for wheat is not just immediate fear trading, but a structural cost …