• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 3 hours Hopes Are Dashed For International Oil Companies In North Iraq
  • 2 days Changing Gazprom ADRs to Russian shares
  • 15 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 15 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 22 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
The Biggest Drivers In Global Steel Supply

The Biggest Drivers In Global Steel Supply

Russia’s war in Ukraine and…

Is Silver A Better Investment Than Gold Right Now?

Is Silver A Better Investment Than Gold Right Now?

Precious metals are fighting against…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Grain Prices Are Spiking Everywhere

Now the grains are literally on fire.

News reports over the weekend of wild fires triggered by historic draught conditions in Russia and the Ukraine, consuming vast swaths of wheat have sent prices flying.

The Food and Agriculture Organization (FAO) now predicts that 10-15 million tonnes of wheat will go missing this year, leading to global supply shortages.

The big problem is that the breadbasket of Europe has long been the low cost provider of grain for the world market, and their absence is going to squeeze major consumer nations, like China and India.

You all know that I have been wildly bullish on the ags since June. Since then, the corn ETF has rocketed 18%.

I have recommended the agriculture ETF (DBA) for the past year, which has long been moribund.

But its 9.2% weighting in wheat took it up a healthy 12% in July. If anyone had any doubt about the existence of global warming, you better take a look at these charts.

Agriculture Fund

Courtesy: Mad Hedge Fund Trader


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Anonymous on August 04 2010 said:
    So you are impressed by the increase in grain prices. Well, think about how things are going to be in ten years when the global population has increased by a billion people.
  • Anonymous on August 05 2010 said:
    This isn't 'global warming', its extremes of climate change. Climate always changes, but with solar activity increasing our climate change is becoming more extreme. Both in hot and cold cycles. Russia may have an incredibly cold winter this year, even by its standards.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News