Corn futures

by

Now, if I understand this NY Times article  correctly, something called the agriculture futures market is driving up the price of hogs, corn and other agriculture commodities.
Here’s a quote, if you don’t feel like plowing through the article, ““The cost from the farm to the grocer is elevated because of the volatility from these funds,” Mr. Basse of AgResources said. “It will raise the cost for everybody, including the consumer.”

One of the mysteries of life in NYC, is why is food so expensive. Its just one of the mysteries.  Maybe, we’ve stumbled across one of the reasons: Wall Street gets a cut from your groceries.

So, the same large conglomerate vegetable producers that bring us nationwide e.coli are also beholden to Wall St?
Food for thought. 

Leave a Reply

Your email address will not be published. Required fields are marked *


PageLines