Wheat also continues its uptrend

Surprisingly, even with the recent strength of the US Dollar, the grains have all continued moving higher. Today, wheat has also shown great strength! So did corn, but corn is the least volatile of the grains.

Food is going to continue to cost more

Inflation is escalating and accelerating, NOT decreasing. Disinflation is a myth! Higher grain prices are going to add to the cost of most processed foods, meat, and milk. Did you know, for example, that a greater percentage of the higher cost of milk is due to the cost of grain, than the percentage of higher cost in meats is due to the cost of grain? Beef cattle can graze on grass most of the year, only being fattened on grain toward the end of their lives, just before slaughter. However, dairy cattle are fed high-nutrition grains throughout their productive period. Thus, dairy products are more highly impacted by the price of grain than are meat products. That's why milk has risen in price 20-25% over the past year. Both dairy and meat products will have to rise in price even more in the future, however, as the price of soybean meal, corn, wheat, and other grains continue to move skyward. So will all vegetable oils, as will all the products made from grains and their derived oils and other products (meal, flour, etc.).