Miller Magazine Issue: 121 January 2020

85 MARKET ANALYSIS MILLER / JANUARY 2020 Sailing in the storm "The start of the year wasn’t easy for sure. A lot of dramatic passage happened, both natural disasters and the Middle East ope- rational load electrified the spectators. Firstly, the main acts of nature came fatal down. Losses of crops, fodder, as well as compound feed, are expected across the country, with damage still early to be esti- mated. Secondly, Middle East geopolitical issues supported the oil market. Warnings about military flare-up around Iran shac- ked price curve. Thirdly, the Trade War and 15 of January “Phase 1 Signing” between the USA and China highly support mar- kets before the last moment." Did you have a hunch about a thunderstorm? Well, you know, when you can’t sleep and you all wait, wait and wait for some- thing, but it does not come? When something inside raises some waves, and they do not allow to fall asleep? This is an experi- ence. Yes, I will disappoint you. This is an experience. You have already managed to analyze the news and know what will follow. This is just an experience. And you drink your morning tea, al- though you know that the inevitable is near. And then it passes. And life goes on. Elena Faige Neroba Business Development Manager