Wheat has liftoff

This is how a hyperinflation would kick off, with a rapid run-up in commodity prices. Or, if due to inherent supply-demand issues, the increase in one commodity's price means producers and consumers have to cut back somewhere else (or cutback on their wheat purchases specifically). Either way, this is worth paying attention to.

Here's Elliot Wave International with a short story on wheat. Market Insight: Fasten Your WHEAT Belts. It says the July move in wheat was the largest monthly gain in 50 years.

No comments:

Post a Comment