Food Fight

Check out the BLS Foodstuffs sub-index which is now right at key support.  The better than expected USDA report hammered the grains last week and traders now have to decide either to stay with the Ag trade or dump their positions.  Note the more than 25 percent spike in prices earlier in the year,  which helped usher in the “Arab Spring.”

(click here if chart is not observable)

This entry was posted in Charts, Commodities, Food Prices and tagged , , , . Bookmark the permalink.

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