Monday, July 12, 2021

Foodstuffs Inflation: The Cause? Maybe China

 I got this from a gentleman on Elliottwavetrader.net (behind paywall).  This explains a lot as to why we are seeing fast rising grain prices here.  And until things reach some sort of normalcy, I think we could possibly see things get worse.  How much worse?  Not sure.  China's weather is pretty topsy turvy right now.  Enormous amounts of rain.

This table was originally from Karen Braun (@kannbwx on twitter).  She's a profuse poster with all things agriculture related.  Pretty much a "just the facts" sort of person (which I love). I'll be checking to see if I can find an update.

Bear in mind that this table includes worldwide imports into China, not just American products. I'm sure a huge portion of these numbers are from America.