The Agriculture Bomb |
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Commodity prices have pulled back sharply, enough for some market watchers to pronounce the commodity bull "dead." I'll take that bet, because I think we're just seeing a correction in a long-term bull market. What's more, when the next commodity price squeeze comes, it might not be from a sector you'd expect, like energy or metals. It might be food. I probably don't have to tell you about rising food prices. In the U.S., the cost of groceries rose at an annualized 8.4% rate in July (the
Filed under: Fundamental
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