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They are up to 5 billion-bushels, which is 40% of total crops. gee, food or fuel? what should we do? should we burn our food? am i making too much of this? well, he's the fear mongerrer, not me. let me tell you about a conversation i had with a commodities trader while i was in chicago last week. next. @
Helping. they are up to 5 billion-bushels, which is 40% of total crops. gee, food or fuel? what should we do? should we burn our food? am i making too much of this? well, he's the fear mongerrer, not me. let me tell you about a conversation i had with a commodities trader while i was in chicago last week. next. @=h
Intense commodities trader, my dad who is farmer and farmers can now trade commodities from their combines. you can do it. >> i've disowned commodities two years in my investments to not be -- >> were invented for farmers and japanese rice farmers so it's actually one of the parts of the market that is really sensible. everything you guys say is true but it's not the main point. the big thing that is happening here -- and commodity prices will rise medium term because the chinese are starting to eat meat. right? so there is a long-term secular trend. this is not like florida real estate. >> i ...
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Hard to digest prices up 10 percent year offer year and accelerating for things like corn and soybeans this year. rising fuel costs contributing and keep in mind you have to ship this stuff it does not just appear on the shelves. much of this is driven by factors that go way beyond gas for a president down in the polls because of the pain at the pump, is the super pain at the supermarket is a sign of thens to come. the federal reserve is dismissing this say it is "but noise." and commodities trader, what do you make of this, scott? >> go back to the 1930's we had the same issue and with food p...