Looking at the futures market, after the Russia Russia Russia indecent, prices shot up. However, not long after, the market settled back into a normal range. Wheat, corn, crude, natural gas, soy... It all shot to a record or near record high (Obummer era). then they all came back down and hovering around Obama era prices.
With all the supply chain issues, more money chasing fewer goods, etc. Why don't we see inflation taking off in the futures market. Today, the price of crude was hanging around $100/barrel. Prices at the pump don't make much sense. Seems they are hiking the pump prices when the market prices don't justify such massive increases
What would prices be if speculators were not part of the market? They add no value in the supply chain. I realize that isn’t free trade. It’s just the idea a person or company who never touches these necessary commodities can affect their prices through speculation disturbs me.
Looking at the futures market, after the Russia Russia Russia indecent, prices shot up. However, not long after, the market settled back into a normal range. Wheat, corn, crude, natural gas, soy... It all shot to a record or near record high (Obummer era). then they all came back down and hovering around Obama era prices.
With all the supply chain issues, more money chasing fewer goods, etc. Why don't we see inflation taking off in the futures market. Today, the price of crude was hanging around $100/barrel. Prices at the pump don't make much sense. Seems they are hiking the pump prices when the market prices don't justify such massive increases
What would prices be if speculators were not part of the market? They add no value in the supply chain. I realize that isn’t free trade. It’s just the idea a person or company who never touches these necessary commodities can affect their prices through speculation disturbs me.