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bullish
The Commodity Report #67
SUMMARY
- Global food prices fell for the fifth month but remain at highly elevated levels.
- On a nominal basis, we’re basically now back to levels seen last time at the peak of the Arab Spring back in 2011.
- Meanwhile, we should keep in mind that we should keep an eye on the spread between farmers’ input costs for growing stuff and the selling prices based on the futures market.
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- The Commodity Report #6705 Sep 2022
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