Front month corn futures hit $7.65 this morning, matching the all time high price set back in 2008. I keep focusing on this particular grain because its price determines to a large extent the price of beef, pork and chicken that consumer are going to end up paying at the grocery store.
If this was not enough of a shock - gasoline prices hit a fresh 32 month high this morning.
Crude oil is over $108 while Brent is over $120.
Hi Dan, Thanks for everything you do!! Would you mind explaining the difference between brent and crude?
ReplyDeleteThank you.