Farmer Brown Wuz Right – Food Prices Exploding

Keep obsessing over gold, but the real explosion is happening in the agricultural commodity complex.  Food prices around the world are exploding.  Farmer Brown has been discussing the Agflation theme here since the summer.  It’s happening…

Where Did The Corn Go? (Daily Markets):

“Shocking!” That is the term used by some grain traders just after the release of the USDA’s yield estimate for this year’s U.S. Corn crop. The USDA projected 155.8 bushels per acre yield, which is well below the 162.5 bushels per acre projected in the September crop report.

Meat Market Corn Crunch Means Costliest Beef in Quarter Century (Bloomberg):

Meat prices are poised to extend a 14 percent rally this year that drove U.S. retail costs to the highest levels since the 1980s as surging corn futures prevent livestock producers from expanding their herds.

Are you prepared for higher food prices? (Examiner):

As the world markets opened at 8:00pm est, a shocking thing happened to food commodities.  As a whole, futures contracts jumped nearly 9% in an instant on the world markets.

9%!

This is not simply an anomaly or speculation, this is showing that food producers all around the world are scared and are buying up every grain and kernel they can in the belief that prices and supply are soon to be beyond the ability to purchase.

***

Don’t sleep on this stuff.

Read Also:

Farmer Brown Archives (TRB)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. immediate edge review 2020 commented on Sep 22

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  2. bitcoin era commented on Oct 01

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  3. Instagram Marketing commented on Oct 10

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  4. malaysia best online casino commented on Nov 20

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  5. 안전공원 commented on Dec 09

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  6. Tiktok bot commented on Dec 12

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]

  7. wig commented on Jan 17

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/10/11/farmer-brown-wuz-right-food-prices-exploding/ […]