Dan Schmeidler

Energy Affecting Food Prices

Correction: There is no doubt ... (see above)

Energy Affecting Food Prices

There is doubt that due to speculative money, commodity prices can become artificial. But only to some extent. Recent gasoline and crude oil inventory numbers came in well below expectations. Unless production is increased this trend will continue. Based on such figures, one has to assume that the global (and US) demand side "stories" are true. Even on the supply side, there is only that much room for speculation before one hits sobering numbers and on production/output.