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Poor Harvests May Lead to Grain Price Spike
Andrew Mickey over on Seeking Alpha has a good article about the poor soybean harvest in Argentina among other factors will lead to a spike in grain prices later in the summer:
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This summer has the potential to be a very big one for agriculture commodities. The price of everything – wheat, corn, barley, sunflower, etc. – are on the verge of going much, much higher.
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Just like every other commodity, agriculture commodity prices are driven by supply and demand. The catalysts for agriculture commodities in this summer rest on the supply side.
The first factor is grain stockpiles. They’re at record lows.…
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