13 Global grain prices fall...the most actively traded wheat futures on CBOT fell 1.4% to $7.64 per bushel. Corn traded down 1.1% at $6.03 a bushel, and soybeans fell 0.09% to $14.07. Wheat has so far nearly halved in price since this year’s high of $14.25 in March. (www.rt.com) posted 1 year ago by Taffy333 1 year ago by Taffy333 +13 / -0 2 comments share 2 comments share save hide report block hide replies
Must be an election coming up. The party in power will forgo robbing their enslaved citizens, for a couple of months anyway.
They’re increasing the cost of inputs and then artificially suppressing the price of the outputs.
This will lead to food shortages and sudden price hikes once food deliveries slow down.
Investment banks are willing to lose money because they know that central banks can just print up more money later and give it to them.
Never underestimate the greed of large commodities traders to create hype to enrich themselves.