You’re going to see agricultural products that really start to move in greater quantities, in larger numbers, and that really benefits those consumers, and it really improves the balance of trade,” Steinke said in relation to Asian exports starting to catch up with imports. “The higher value exports are now moving to those nations
[snip]
And who exactly does it help when commodity prices rise drastically? (including grain and oil)
No more money for shopping, if you want to eat!
I’m told by a trader that world wide, grain silos have been emptied. Next year there won’t be any surplus. It will be a world wide bidding war for grain. Those that can not afford grain, will bid up corn, soybeans.
It will be good for farmers, farm economies, exports.
Expect higher bread, cereal, chicken, beef and pork prices. Don’t be expecting your boss to give you a raise, either. And tough cookie for welfare, SSI people.