When Will Food Supplies and Prices Be Impacted?

Fed Leaves Interest Rates Unchanged, Market Sighs

The Fed's Open Market Committee today left rates unchanged and indicated that it has no plans to change interest rates through the end of this year. However, by dropping the word "patient" from its statement, it hinted that it is more open to cutting rates.

Many Farmers Have Given Up On Planting Crops This Year

Read the full article here. Here is a brief quote:
"The storms that have caused major flooding in Illinois have forced farmers to give up on their crops. Forecasts for even more rain also sent corn futures to a 5-year-high, bringing the food crisis ever closer to reality. Few farmers will even see a benefit from the higher prices because they can’t even get their corn planted in the ground."

Stocks Back Near Record Highs Following Trump Tweet

Food Prices Leap Again!

Compare this chart with the one I posted on June 13th. That green candle at the top right is the rise in price within the last 20 minutes when the market reopened this evening! Note also the steady rise over the intervening days. Get used to higher food costs. They're coming!

The price was 363 on May 13th, and hit 470 today. That's about a 30% increase in just over one month!