As I sit here, studying my screen as it scrolls through the various commodities I either trade or simply follow out of professional curiosity, I find myself once again staring at a sea of green – meaning the markets are positive for the day. Cash corn, for example, is trading at $7.97 per bushel. This is a run-up of 63% since January 2021. Cash wheat is trading $10.63 per bushel, up 73% since January 2021. Soybeans are up 43%. And so on. This is just in 18 months. The rise in commodities prices, especially food and energy, has been epic since their nadir during the Covid lockdowns went into full force around April 2020.
These flashing digits on my screen represent not just data points but