Monday, August 29, 2011

Food Commodities Know No Bounds

Grains are at similar levels to the commodity bubble of 2009, but there is no media coverage any more. These charts are today's chart for soybeans. Other food commodity prices are similarly leaping higher.

Intraday (today)


Daily chart -- that trend doesn't look "transitory" to me!
Corn -- highest price levels in three years! Up 120% since last summer! Corn is up 25% since July 1st!