This Is the Perfect Storm That Caused Grain Prices To Soar
Inflation is running at its fastest pace in over 30 years. And one upward contributor to it is higher food prices.
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Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Inflation is running at its fastest pace in over 30 years. And one upward contributor to it is higher food prices. There are all kinds of things going on within food, but over the last year we've seen strong price increases in wheat, corn, and soy, which feed into higher prices for meat and dairy. There is a lot going on here. There is high demand globally. There are unusual weather conditions all around the world. There's surging fertilizer costs, and much more. On this episode, we speak with Angie Setzer, a consultant at ConsusROI (which advises farmers and investors in the agriculture space) who explains the perfect storm causing this persistent surge.
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